Juniper to acquire Funk for US$122 million
- 15 November, 2005 08:09
Juniper this week announced it has signed a definitive agreement to acquire Funk Software, a provider of standards-based network access security products, in a cash transaction valued at US$122 million.
Juniper says this acquisition will bring technology to enhance its recently announced unified access control system. Funk Software develops products that ensure both the user and the device meet an organization's security policies before they are granted access.
The company's products include its RADIUS/AAA server, Steel-Belted Radius, Odyssey Client, an 802.1X client for wireless and wired networks, and the Endpoint Assurance Product suite for network-based enforcement of endpoint integrity.
Funk's products adhere to standards defined by the Trusted Computing Group's Trusted Network Connect subgroup, and are interoperable with products from a range of security and infrastructure vendors, Juniper says. The products complement Juniper's existing endpoint intelligence, policy control and enforcement capabilities with Layer 2 support, the company says.
The acquisition is expected to close in December 2005, subject to certain customary closing conditions including Hart Scott Rodino approval.