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Juniper Networks Announces Intent to Acquire AppFormix

Acquisition will bolster Juniper's cloud portfolio with machine learning and telemetry technology

SUNNYVALE, CA--(Marketwired - December 01, 2016) - Today, Juniper Networks (NYSE: JNPR), an industry leader in automated, scalable and secure networks, announced the company's intent to acquire AppFormix, an innovator in cloud operations management. AppFormix's platform for cloud operations is built on big-data analytics and machine learning, putting self-driving infrastructure at the core of every cloud. This acquisition will bring the power of analytics through machine learning and telemetry to Juniper's customers.

Applying machine learning technology, AppFormix is redefining telemetry and operations management across software-defined infrastructures and application software layers. AppFormix's technology is designed to provide public, private and telco cloud operators in both OpenStack and Kubernetes environments, real-time and historic monitoring, visibility, and dynamic performance optimization. When paired with Juniper's Contrail product line, AppFormix improves cloud orchestration, security, accounting and planning. We believe that Juniper customers will benefit from a smarter, automatic and agile operational experience at lower total costs.

"The networking industry is accelerating at an unprecedented rate, and new technologies like analytics and machine learning are enabling companies to have more insight into their network than ever before," said Pradeep Sindhu, founder, vice president and CTO at Juniper Networks. "We recognize our customers' needs and desires for a self-driving infrastructure; one that is optimized, secure and automated. With the acquisition of AppFormix, we're accelerating our vision to use software automation and intelligence to deliver a smarter network and more simplified operations for our customers around the world."

The AppFormix team will report to Juniper's office of the CTO. The acquisition is expected to close in the fourth quarter of 2016, subject to customary closing conditions.

About Juniper Networks
Juniper Networks challenges the status quo with products, solutions and services that transform the economics of networking. Our team co-innovates with customers and partners to deliver automated, scalable and secure networks with agility, performance and value. Additional information can be found at Juniper Networks (www.juniper.net) or connect with Juniper on Twitter and Facebook.

Juniper Networks, the Juniper Networks logo and Junos 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.

Forward-Looking Statements

Statements in this press release concerning Juniper Networks' business, strategy and focus; the results and improvements made possible by AppFormix's technology, including as combined with Juniper Networks solutions; the impact of the acquisition on our ability to use software automation and intelligence to deliver a smarter network and more simplified operations to our customers; 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 our ability to close the contemplated acquisition and integrate the acquired company and its technology and other factors listed in our most recent report on Form 10-K and subsequent quarterly reports 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.

Statement of Product Direction

In this press release, we may disclose information related to our development and plans for future products, features or enhancements ("SOPD"). SOPD information is subject to change at any time, without notice. Except as may be set forth in definitive agreements, we are not providing any assurances, or assuming any responsibility, that future products, features or enhancements will be introduced. Except as may be set forth in definitive agreements, customers should not base purchasing decisions upon reliance of timeframes or specifics outlined in an SOPD, because we may delay or never introduce the future products, features or enhancements.

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