Juniper Networks Inc. acquired privately held Web security vendor Mykonos Software Inc. for roughly $80 million in cash, broadening its portfolio of security offerings.
Founded in 2009 by entrepreneur David Koretz, Mykonos Software brings to Juniper its Web Intrusion Prevention System, which lures in hackers, tags and profiles them and then blocks all of their future break-in attempts.
The purchase extends Juniper’s aims to provide security options across a range of environments, including the cloud arena, according to Nawaf Bitar, general manager of Juniper’s security business unit.
Juniper, a maker of routers and switches that funnel traffic between communications networks, has sought to expand its focus as demand among its telecommunications-industry customers remains weak.
The company last month reported its fourth-quarter profit fell 49% on weak router sales. The company also forecast a steep profit drop for the current quarter.