Juniper to acquire Peribit Networks and Redline Networks

Juniper Networks has signed definitive agreements to acquire Peribit

Networks, provider of Wide Area Network (WAN) optimization technology, and

Redline Networks, developer of Application Front End (AFE) technology. The

Peribit Networks acquisition is valued at approximately $337 million in cash,

stock and assumed stock options. The Redline Networks acquisition is valued at

approximately $132 million in cash and assumed stock options.

These acquisitions further Juniper Networks' strategy to secure and assure

the delivery and performance of applications over an IP network through traffic

processing. WAN optimization and Application Front End technologies are key

elements in addressing the performance and security issues associated with an

increasingly distributed and mobile enterprise.

As applications become networked across distances, the ability for users to

access them with security and assurance is compromised. WAN optimization

technology enables distributed enterprises to deliver LAN-quality application

performance over the WAN. Application Front Ends maximize the performance,

flexibility and scalability of web-enabled enterprise data centers and sites. By

combining these technologies with its IP infrastructure and security solutions,

Juniper Networks delivers a solution to address these issues head on. In doing

so, it has defined a new category-Application Assurance.

The Peribit Networks acquisition is expected to close in the third quarter of

2005 and is subject to certain customary closing conditions, including Hart

Scott Rodino (HSR) approval. The Redline Networks acquisition is expected to

close in the second quarter of 2005 and is subject to certain customary closing

conditions.

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