Juniper Networks to Acquire Two Firms
SUNNYVALE, CA - April 26, 2005 - Juniper Networks announced it has signed definitive agreements to acquire Peribit Networks, Inc., a provider of wide area network (WAN) optimization technology, and Redline Networks, Inc., a developer of application front end (AFE) technology. The Peribit Networks acquisition is valued at approximately $337 million in cash, stock and assumed stock options. The Redline Networks acquisition is valued at approximately $132 million in cash and assumed stock options.

Founded in early 2000, Peribit Networks develops WAN optimization appliances. Peribit Networks' platforms and software provide customers with increased WAN capacity, faster application performance, prioritized application delivery and systemwide visibility of network and application performance. Peribit Networks' solutions enable applications to run dramatically better over the WAN and their products have been installed in over 900 enterprise customers worldwide.

Also founded in early 2000, Redline Networks designs network solutions that maximize the performance, flexibility and scalability of web-enabled enterprise data centers and public web sites. The company's family of Application Front Ends, deployed within the boundaries of corporate data centers, enables users to control and customize any web-based environment while reducing infrastructure cost and complexity. Redline Networks has over 350 enterprise customers.

The Peribit Networks acquisition is expected to close in the third quarter of 2005 and is subject to certain customary closing conditions. The Redline Networks acquisition is expected to close in the second quarter of 2005 and is subject to certain customary closing conditions.

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