Juniper Networks is paying $95 million to buy virtualization security firm Altor Networks. Altor had previously raised capital from Accel Partners, DAG Ventures and Foundation Capital. The company was also backed by the Junos Innovation Fund, which is funded solely by Juniper Networks. Juniper says the deal will allow it to expand its security offerings. Altor was formed in 2007 and based in Redwood Shores, Calif.
Juniper Networks (NYSE: JNPR) today announced it has acquired Altor Networks, a leading provider of virtualization security technology that enables organizations to secure the virtualized world. This acquisition will allow Juniper to extend its market-leading security position by delivering an integrated, highly-scalable security architecture that protects physical and virtual systems. Under the terms of the agreement, Juniper acquired Altor for a cash purchase price of approximately $95 million, net of Altor shares already owned by Juniper.
The acquisition builds on Juniper’s existing technology partnership with Altor and will extend Juniper’s leadership in security for both the enterprise and service provider virtualization markets. As organizations rely more on virtual servers for critical applications, concern around server security in the cloud has increased. Altor has developed some of the industry’s most advanced capabilities to address this challenge, including a high-performance hypervisor-based firewall, on-board intrusion detection, complete network visibility and monitoring and comprehensive reporting for compliance. Altor’s solution enables security visibility, compliance and control over the entire virtual machine infrastructure, giving security teams’ visibility to understand the applications, services and traffic being sent between virtual machines.
Virtualization technology enables multiple virtual machines to run on a single physical host, with each virtual machine sharing the resources of that hardware across multiple environments. An increasing number of enterprises have virtualization technology deployed in some portion of their data center, with that number expected to increase, according to a recent study by Enterprise Strategy Group (ESG).1
“Juniper is excited to acquire one of the industry’s leading virtualization security vendors and the extremely talented team that built it,” said Mark Bauhaus, executive vice president and general manager, Service Layer Technologies at Juniper Networks. “This acquisition will extend our leadership in data center and cloud security and will enable customers to deploy a consistent set of security services across their physical and virtual infrastructure, while delivering lowest total cost of ownership.”
“Altor has led the virtualization security market in innovation, defense-in-depth and performance,” said Amir Ben-Efraim, CEO and co-founder of Altor Networks. “Today, we join forces with Juniper, which shares a common vision for securing data centers and the cloud, and together we look forward to extending our leadership in the VM security market. We are excited about the opportunity to leverage Juniper’s world-class organization and market-leading products to deliver tightly integrated, feature-rich security solutions to customers.”
Altor Networks was founded in 2007 by security and networking experts from some of the industry’s leading vendors. In early 2010, Juniper Networks made a venture investment in the company.
The transaction closed on December 6, 2010.
For more information about today’s news, please refer to the following resources:
* Juniper Security portal — www.juniper.net/security
* The Network Ahead blog — www.juniper.net/networkahead
* Juniper.Net Community — www.juniper.net/community
1) Enterprise Strategy Group, “The Evolution of Server Virtualization,” November 2010
About Altor Networks
Altor Networks is the leading innovator and provider of security for virtual data centers and in the cloud. The company developed the world’s first purpose-built firewall for virtual networks and has continued to embed multiple layers of protections including on-board intrusion detection (IDS). Altor’s virtualization security solutions are currently protecting some of the world’s most demanding virtual environments, including federal, state and local governments, and well-known service providers, universities and retailers. Founded in 2007 by security and networking experts from some of the industry’s leading vendors, Altor Networks is headquartered in Redwood Shores, California. For more information, visit www.altornetworks.com.
About Juniper Networks
Juniper Networks is in the business of network innovation. From devices to data centers, from consumers to cloud providers, Juniper Networks delivers the software, silicon and systems that transform the experience and economics of networking. The company serves customers and partners worldwide, generating revenues exceeding $3 billion over the last year. Additional information can be found at Juniper Networks (www.juniper.net).