Juniper to acquire Mist Systems
Written by NTN staff
Juniper Networks has agreed to acquire Mist Systems, a provider of ‘AI-driven WLAN’, for just over $400 million, to expand its presence in the cloud-managed segment of the wireless networking market.
Under the deal, Juniper Networks will acquire Mist for aggregate consideration of $405 million. Juniper said the deal will enhance its enterprise networking portfolio by combining Mist’s next-generation Wireless LAN (WLAN) platform with its wired LAN, SD-WAN and security solutions to deliver better end-to-end user and IT experiences.
Mist provides cloud-based WLAN solutions for enterprise customers across numerous industries, including retail, healthcare, mobile and airlines.
California-based Mist has built what is described as the world’s first AI-driven wireless platform, which makes WiFi more predictable, reliable and measurable. Mist has also developed the networking industry’s only AI-driven virtual assistant, Marvis, to simplify wireless troubleshooting and provide unprecedented insight into client and network behaviour.
In addition, Mist uses patented virtual Bluetooth LE technology in conjunction with WiFi and IoT to deliver scalable and cost-effective location-based wireless services to customers, such as indoor wayfinding, proximity notifications, traffic analytics and asset tracking. All operations are managed via Mist’s modern cloud microservices architecture for maximum scalability, agility and performance.
The acquisition will expand Juniper’s presence in the rapidly growing cloud-managed segment of the wireless networking market. Further, the deal enables Juniper to extend cloud-based management and end-to-end AI-driven visibility (AI for IT) across the end-to-end enterprise network (from access to the WAN) to offer software-defined and highly differentiated solution for simplifying operations, improving user experience and lowering total cost of ownership (TCO).
“Mist Systems is a great fit for Juniper and for our enterprise customers,” explained Rami Rahim, CEO of Juniper Networks. “Juniper and Mist share a common strategic goal. We believe in the Software-Defined Enterprise and Mist’s focus on bringing AI to IT is consistent with our core belief that we need to simplify operations and improve customer experience while lowering costs. With Mist, we are adding a market leading solution to complement our portfolio, drive the cloud transition within the enterprise and accelerate our enterprise growth.”
The proposed acquisition is expected to close in Juniper Networks’ fiscal second quarter, subject to regulatory approvals and customary closing conditions.