Juniper Networks to acquire SMobile Systems
Acquisition price for mobile security provider SMobile is about $70 million in cash, companies say.
Juniper Networks plans to acquire mobile security firm SMobile for about $70 million in cash, the companies announced on Tuesday.
Networking equipment maker Juniper said it plans to integrate SMobile's portfolio of security software for smart phones and tablets into its Junos Pulse software, which offers connectivity, security, and acceleration for smart phones, Netbooks, notebooks, and tablets.
"Juniper already secures the majority of smartphone traffic in the United States, is a global leader in high-end firewalls and the SSL VPN(2) market, and enables more than 25 million end users to remotely and securely connect their PCs and smart phones to corporate networks," said Mark Bauhaus, executive vice president and general manager of Services Layer Technologies at Juniper Networks. "Integrating SMobile's portfolio into Junos Pulse will provide users with the most comprehensive mobile security solution available on the market."
The companies did not say when the deal would close.