Juniper Networks Announces Intent to Acquire HTBASE
Acquisition will bolster Juniper’s Contrail Enterprise Multicloud Solutions
SUNNYVALE, Calif., Nov. 29, 2018 (GLOBE NEWSWIRE) -- Juniper Networks (NYSE: JNPR), an industry leader in automated, scalable and secure networks, today announced the company’s intent to acquire HTBASE, which has developed a highly unique and disruptive platform for software-defined enterprise multicloud. HTBASE offers a single layer of compute, networking and storage across public and private clouds as well as the edge, greatly simplifying how multicloud environments are managed and easing application migration across multiple clouds. This acquisition will bring multicloud storage to Juniper’s strong network and compute orchestration capabilities of its Contrail Enterprise Multicloud.
HTBASE’s unique value is its platform’s ability to make the complete infrastructure layer (compute, storage and networking) transparent to applications, without impacting the operating system or architecture. This allows for very easy migration of enterprise workloads and leverage of multicloud without porting or lock-in on a single infrastructure stack. We believe that Juniper customers will benefit from HTBASE’s extensible platform and their composable system which enables software elements to be reused and extended to make the whole of Contrail more powerful for whatever the multicloud brings.
“Companies are moving more workloads from on-premises to the cloud to keep up with the need for agility and more flexibility. It’s up to us to make this transition not only achievable, but more importantly, to focus on making the move to the multicloud simple,” said Rami Rahim, CEO of Juniper Networks. “Juniper is betting big on multicloud and the momentum is mounting every day. Together with HTBASE, we have an opportunity to shape a new and emerging market that will deliver significant value with a unique line of products to customers worldwide.”
The acquisition is expected to close in the fourth quarter of 2018, subject to customary closing conditions.
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Statements in this press release concerning Juniper Networks' business, strategy and focus; the results and improvements made possible by HTBASE’s technology, including as combined with Juniper Networks solutions; the impact of the acquisition on our ability to use software automation and intelligence to deliver a smarter network and more simplified operations to our customers; and our overall future prospects are forward-looking statements that involve a number of uncertainties and risks. Actual results or events could differ materially from those anticipated in those forward-looking statements as a result of several factors, including our ability to close the contemplated acquisition and integrate the acquired company and its technology and other factors listed in our most recent report on Form 10-K and subsequent quarterly reports on Form 10-Q filed with the Securities and Exchange Commission. All statements made in this press release are made only as of the date of this press release. Juniper Networks undertakes no obligation to update the information in this press release in the event facts or circumstances subsequently change after the date of this press release.
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