General
March 4, 2019
6 minutes read

Juniper Snaps Up Mist For $405 Million

Mist Systems co-founder and CEO Sujai Haleja image : Interop Events / Flickr Juniper Networks has announced it’s acquiring Mist…

Mist Systems co-founder and CEO Sujai Haleja

image : Interop Events / Flickr

Juniper Networks has announced it’s acquiring Mist – a Cupertino, California based wireless LAN startup founded in 2014 by Cisco veterans, and backed by the likes of GV, Kleiner Perkins, Cisco Investments, Lighspeed Venture Partners and Norwest Venture Partners – for $405 million. The deal is expected to close in Juniper’s fiscal second quarter of the year.

Mist is known for its AI-driven wireless platform, that makes use of patented Bluetooth tech paired with Wi-Fi and IoT to deliver wireless internet for enterprise customers. The company has raised nearly $90 million in total funding, according to Crunchbase data. Juniper says the acquisition of Mist Systems will expand its presence “in the rapidly growing cloud-managed segment of the wireless networking market”.

Juniper Networks CEO Rami Rahim

image : Juniper Networks

“Mist Systems has developed a unique blend of wireless, AI and cloud expertise that has enabled us to stand out from the competition and bring much needed innovation to the wireless space,” Mist co-founder and CEO Sujai Hajela said in a press release. “By combining these proficiencies with Juniper’s expansive channel reach, world-class support and best-in-class networking and security products, we believe we will be well poised to change the IT landscape by ushering in a new generation of AI-driven products.”

Juniper says it’ll combine Mist’s “next-generation” Wireless LAN (WLAN) platform with its wired LAN, SD-WAN and security solutions to deliver end-to-end user and IT services for its customers. “…..With Mist, we are adding a market leading solution to complement our portfolio, drive the cloud transition within the enterprise and accelerate our enterprise growth.” Juniper CEO Rami Rahim said in a statement.

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