Tech Company M&A Transactions
Apstra Acquisition
Apstra, based in Concord ON, was bought by Juniper Networks. What Juniper Networks paid for Apstra was not announced.
Transaction Overview
Company Name
Acquired By
Announced On
12/8/2020
Transaction Type
M&A
Amount
Unknown
M&A Terms
The acquisition expands Juniper's commitment to open programmability, adding to its portfolio of solutions that includes powerful switching platforms with native SONiC integration and a deployment-hardened, cloud-native routing stack for the SONiC ecosystem. Juniper does not expect the acquisition of Apstra to materially impact revenue in 2021. While the acquisition is expected to be approximately breakeven to non-GAAP earnings for the full-year 2021, it will likely be dilutive during the first half of the year. The acquisition is expected to be accretive to revenue growth and non-GAAP earnings in 2022.
Company Information
Company Status
Acquired or Merged
Industry
Networking
Mailing Address
349 Bowes Rd. 21
Concord ON, L4K1J3
Canada
Concord ON, L4K1J3
Canada
Phone
Email Address
Not Recorded
Overview
A startup called Apstra, which has been working on software for managing networking devices from multiple vendors.
Profile
Social Media
Company News
Facebook
YouTube
Management Team
Title
Name
Email & Social
Chief Executive Officer
Phil Bhojani
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We report on every notable VC transaction. VC transactions on this site are sourced from news reports and company announcements. The data is sourced from VentureDeal.com, an affiliated venture.
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