Juniper snaps up Kagoor
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Posted in Financial News, 30th March 2005 14:26 GMT
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Network equipment maker Juniper Networks is to acquire Kagoor Networks to give its VoIP business a little more oomph.
Kagoor - which generated $5m in revenues last year - is big into internet telephony. In particular, its session border control (SBC) technology is vital to delivering security to VoIP and other rich media services.
Now that Juniper is coughing up $67.5m to acquire Kagoor - its HQ is in California and its R&D centre is in Israel, btw - it will be able to get its mitts on the technology.
Said Juniper bigwig Kittu Kolluri: "Network operators worldwide are increasingly looking to deliver enhanced VoIP and other rich services to their enterprise and consumer customers, but they need to do this in a secure and assured fashion. SBC technology is a key element in delivering these attributes."
The deal is expected to be completed by June. ®
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