Juniper, not having an optical portfolio of its own, has found another potential partner in ADVA Optical Networking.
Under the terms of this new financial partnership, ADVA will issue 551,471 ordinary shares to Juniper Networks in exchange for a $3 million investment under exclusion of subscription rights of existing shareholders. When the deal is completed, ADVA's outstanding shares will increase by 1.2 percent to 46,963,728.
Although neither company has announced any specifics about the joint plans yet, both vendors plan to explore opportunities to jointly market and sell next-gen IP-based transport solutions to service providers.
Given the different product focus of each company, the partnership has obvious benefits for both ADVA and Juniper. For Juniper, which struck an earlier optical partnership with Nokia Siemens Networks, the partnership with ADVA could give it another weapon to target service provider accounts that want a solution that includes routing, Ethernet and optical capabilities. Then, of course, ADVA could get potentially get roped into Juniper's tier one accounts.
- see the release here
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