Juniper Networks Buys Hong Kong Marketing Firm
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Juniper Networks Inc. Tuesday moved to bolster its presence in the Asia Pacific market with the purchase of Pacific Advantage Ltd.
Juniper (JNPR) will buy the regional sales and marketing company for $4 million in an all-stock deal.
Juniper expects the acquisition to add sales, consulting and client support staff to its network of seven offices throughout Asia.
"With the acquisition of Pacific Advantage, Juniper Networks will be able to increase our sales, service and support capabilities for regional and local service providers as well as for our current multinational service provider customers such as Cable & Wireless, Qwest and UUNet," said Charles Will, Juniper's managing director of Asia Pacific operations.
Last week, PSINet (PSIX) inked a contract with Juniper to use the M40 Internet backbone router, a new router which Juniper introduced last month, for its global network.