Keen on expanding its virtualization capabilities, Juniper Networks (NYSE: JNPR) has acquired Altor Networks, a provider of virtualization security technology. By acquiring Altor, Juniper says it will be able to enhance its security offerings with an integrated security architecture that protects both physical and virtual systems.
Under the terms of the agreement, Juniper acquired Altor for $95 million, net of Altor shares already owned by Juniper.
Altor and Juniper aren't exactly strangers. Juniper not only made a venture investment in Altor early this year, but also established a technology partnership with the company.
Overall, the acquisition of Altor is a response to the growing concerns around cloud security as more enterprises have embraced virtualization technology. According to a recent study by Enterprise Strategy Group, enterprises continue to incorporate virtualization technology in parts of their data centers.
Juniper has been quite active on the acquisition front lately, having previously bought out both online video vendor Blackwave and WiFi vendor Trapeze Networks.
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