Juniper Acquiring Trapeze Networks WLAN Division For $152 Million

Posted Nov 17, 2010

Juniper Networks, Inc. (NYSE:JNPR) has announced that they are planning to acquire wireless local area network company Trapeze Networks for $152 million. Juniper’s revenues and earnings has been increasing over the last few quarters. Juniper stated that the acquisition would “accelerate the company’s growth in the enterprise market.” [WSJ]