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Juniper Networks Acquires Altor Networks For $95 Million

Juniper Networks, one of Cisco's most prominent rivals, has acquired its business partner Altor Networks for $95 million in cash.

The company, in which Juniper already had a stake, is an expert in virtualisation security technology, helping companies in protecting the information exchanged between virtual servers and machines.

The acquisition will allow Juniper to offer integrated security tools designed to protect both virtual and physical systems.

Founded by Amir Ben-Afraim, who was previously the head of business development at Check Point Software, Altor had received $16 million in funding from Juniper and other investors.

Mark Bauhaus, executive vice president and general manager of Service Layer Technologies at Juniper Networks, said in a statement: “This acquisition will extend our leadership in data centre and cloud security and will enable customers to deploy a consistent set of security services across their physical and virtual infrastructure, while delivering lowest total cost of ownership.”