Monday, October 24, 2005

Juniper Acquires Acorn Packet for Gov't TDM-to-IP Solutions

Juniper Networks has acquired Acorn Packet Solutions, a developer of TDM-to-IP solutions for the Federal government, in a cash transaction valued at up to approximately $8.7 million. Acorn Packet Solutions develops products and technologies that natively connect legacy Time Division Multiplexing (TDM) and other circuit-based applications across IP networks. Acorn's technology includes an advanced clocking 'toolkit' that enables organizations to choose the appropriate method for the end-to-end timing of these critical circuits across an IP network. Circuit types are software configurable and operate at rates from 75bps to 12.288 Mbps.

Revenue for Acorn Packet Solutions was less than $1M in fiscal 2004 and the impact of this acquisition is expected to be neutral to Juniper earnings per share in the fourth quarter of 2005. The acquisition closed on October 20, 2005.

Initially targeted at the U.S. Federal market, these solutions enable customers to protect their investments in legacy network technology, such as TDM and serial encryption, while providing a smooth migration path to more flexible and cost-effective IP networks.

Juniper said the acquisition would enhance its solutions for Federal customers as it continues to advance its strategy to secure and assure the delivery and performance of applications over an IP network through best-in-class traffic processing.

Acorn Packet Solutions was founded in 2002 and is headquartered in Frederick, Maryland.


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