Juniper Networks acquires Mist Systems for $405 million
Juniper Networks has entered into a definitive agreement to acquire Mist Systems, a wireless LAN vendor pioneering AI-driven WLAN, for $405 million.
With this acquisition, announced on March 4th, 2019, Juniper will combine Mist’s WLAN platform with its existing wired LAN, SD-Wan and security systems to provide enterprise customers with a complete solution.
Mist Systems manages its operations via a modern cloud microservices architecture, and its technology includes machine learning and Artificial Intelligence (AI) capabilities. In early 2018 Mist developed an AI-driven Virtual Network Assistant, Marvis, to simplify wireless operations, and provide insight into client and network behaviour. Mist has also leveraged patented virtual Bluetooth LE technology together with WiFi to deliver location-based wireless services to customers, such as proximity notifications and traffic analytics.
Mist’s acquisition will expand Juniper’s presence in the cloud-managed segment of the wireless networking market and will allow the company to offer a software-defined solution that simplifies operations, lowers operational costs and improves the user experience. Moreover, Juniper plans to leverage Mist’s AI capabilities by extending them across Juniper’s networking portfolio for software-defined architectures.
“With our planned acquisition of Mist Systems, we are not only expanding our enterprise portfolio into the wireless arena but also staking claim to AI-driven operations in the era of multi-cloud,” Juniper CEO Rami Rahim stated in a blog post. “Wireless is the most strategic place to start as we adopt AI for IT. It’s also more than just wireless. AI-driven operations must extend across the whole IT stack if it is to reach its full potential.”
The acquisition of Mist is expected to close during Juniper Networks’ second fiscal quarter, subject to regulatory approvals and customary closing conditions.