Juniper Networks and Belden have entered into a definitive agreement under which Juniper will acquire Trapeze Networks, a technology leader in the enterprise wireless local area network (WLAN) systems and management software, in an all-cash transaction valued at approximately $152 million. The acquisition is anticipated to close in the fourth quarter of 2010, subject to the satisfaction of customary closing conditions and applicable regulatory reviews.
"With the acquisition of Trapeze Networks, we extend our industry-leading routing, security and switching portfolio with proven and innovative WLAN technology that will enable our customers to provide a seamless, high-quality, secure experience to their users regardless of where and how they access their network," said David Yen, Executive Vice-President & General Manager, Fabric and Switching Technologies at Juniper Networks.
The acquisition will make WLAN infrastructure a key part of the Juniper's portfolio, accelerating the company's growth in the enterprise market. Trapeze Networks provides the highest levels of WLAN reliability, performance, security and management for today's most demanding mobile applications. According to Juniper, customers will now be able to build new networks based on the company's end-to-end routing, security, wired and wireless switching infrastructure that improve users' experience and increase their productivity regardless of location, while delivering lowest total cost of ownership.
