Juniper Snags Wi-Fi Vendor Trapeze for $152M

Acknowledging that enterprise customers are looking for vendors that can provide both wireless and wired networking products, Juniper felt it needed to enter the acquisition market to enhance its portfolio.

Now, $152 million later, the company has announced plans to acquire Trapeze Networks, a Wi-Fi vendor with an attractive LAN hardware and software portfolio. Juniper expects the all-cash deal to close later this year.

Wi-Fi Planet has the story on Juniper’s acquisition of Trapeze and its efforts to build out its end-to-end networking portfolio.

Juniper is expanding its networking portfolio with a $152 million acquisition of Wi-Fi vendor Trapeze Networks. With Trapeze, Juniper will enter into the competitive market against HP Networking and Cisco as a provider of both wired and wireless switching gear.

Juniper (NYSE:JNPR) is acquiring Trapeze from technology vendor Belden (NYSE:BDC) in an all-cash deal that Juniper expects to close in the fourth quarter of 2010.

Read the full story at Wi-Fi Planet:

Juniper Acquires Trapeze in Wi-Fi Play

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