GlobeNewswire Inc | Sep 28, 2020 09:00AM EDT

September 28, 2020

SUNNYVALE, Calif., Sept. 28, 2020 (GLOBE NEWSWIRE) -- Juniper Networks (NYSE: JNPR), a leader in secure, AI-driven networks, today announced that the company has entered into a definitive agreement to acquire Netrounds, a programmable, software-based active test and service assurance platform suitable for fixed and mobile networks for the entire service lifecycle. Netrounds will enhance Junipers automated WAN solutions to further simplify operations for service providers and ensure positive end-user experiences. The proposed acquisition is expected to close in the fourth quarter, subject to customary closing conditions.

Founded in 2007, Netrounds actively confirms that network services work as configured and continue to work during their entire lifecycle. Netrounds, which is vendor-agnostic, bridges the missing link between services and networks, providing assurance of the quality of service experience from a customer perspective, with insight to where problems originated when things go wrong. Whether its testing a 5G network slice before deployment or analyzing the impacts of a new cloud service being configured on edge infrastructure or troubleshooting and resolving performance degradation issues on an SD-WAN, Netrounds uniquely enables active testing and monitoring thats orchestrated directly into software-defined virtual services.

End-user expectations for a consistently high quality of experience for services delivered over IP networksin the cloud era are extremely high, and the onset of 5G will only accelerate this.Service providersareincreasingly lookingto differentiate themselves bylooking beyond offering basic connectivity andfocusing onthe quality assurance of their services, said Manoj Leelanivas, chief product officer, Juniper Networks. Todays announcement and plan to bring Netrounds into Juniper will fully automate the complexities of testing and actively monitoring those customer service experiences at scale, a crucial step to staying competitive in todays dynamic market.

Today, end users are often the first to discover service quality problems,as traditional assurance solutions primarily focus on passive device health instead of service quality, said Mats Nordlund, CEO andCo-Founder ofNetrounds. Combined with Juniper Networks sophisticated network automation solutions, service and cloud providers arenowable to rapidly deliver software-defined network services with guaranteed end-to-end service quality. For our customers, this is a key success factor when rolling out solutions in dynamic environments built on 5G network slicing, Kubernetes, SD-WAN and hybrid-cloud. We are thrilled to be joining Juniper to provide higher levels of automated assurancetocomplex networks.

Additional Resources:

-- Blog: Assuring Quality of Service Experience for Differentiated Customer Outcomes -- Follow Juniper Networks online:Facebook| Twitter| LinkedIn -- Juniper Blogs and Community:J-Net

AboutJuniper NetworksJuniper Networks challenges the inherent complexity that comes with networking in the multicloud era. We do this with products, solutions and servicesthattransform the way people connect, work and live.We simplify the process of transitioning to a secureandautomated multicloud environment to enable secure, AI-driven networks that connect theworld.Additional information can be found atJuniper Networks(www.juniper.net), or connect with Juniper onTwitter,LinkedInandFacebook.

Investors and others should note that the Company announces material financial and operational information to its investors using its Investor Relations website, press releases, SEC filings and public conference calls and webcasts. The Company also intends to use the Twitter account @JuniperNetworks and the Companys blogs as a means of disclosing information about the Company and for complying with its disclosure obligations under Regulation FD. The social media channels that the Company intends to use as a means of disclosing information described above may be updated from time to time as listed on the Companys Investor Relations website.

Forward-Looking Statements

This press release contains forward-looking statements within the meaning of applicable securities laws. All statements, other than statements of historical fact, could be deemed forward-looking statements. Statements in this press release concerning Juniper Networks' business, strategy and focus; our agreement to acquire Netrounds; the timing of when the acquisition is expected to be completed; the results and improvements made possible by Netrounds technology, including as integrated with Juniper Networks solutions; and our overall future prospects are forward-looking statements that involve a number of uncertainties and risks. Actual results or events could differ materially from those anticipated in those forward-looking statements as a result of several factors, including, without limitation, our ability to close the contemplated acquisition in a timely basis or at all, our ability to integrate the acquired company and its technology, potential benefits of the transaction to Juniper Networks and our customers, the effectiveness of Netrounds technology, and other factors listed in our most recent report on Form 10-Q filed with the Securities and Exchange Commission. All statements made in this press release are made only as of the date of this press release. Juniper Networks undertakes no obligation to update the information in this press release in the event facts or circumstances subsequently change after the date of this press release.

Juniper Networks, the Juniper Networks logo, Juniper, Junos, and other trademarks are registered trademarks of Juniper Networks, Inc. and/or its affiliates in the United States and other countries. Other names may be trademarks of their respective owners.

Media RelationsLeslie MooreJuniper Networks+1 (408) 936-5767llmoore@juniper.net