Juniper Networks to acquire venture-backed BTI Systems

Juniper Networks Inc (NYSE: JNPR) has agreed to acquire BTI Systems Inc, an Ottawa-based provider of cloud and metro networking services. No financial terms were released about the deal, which is expected to close in the second quarter of 2016. Sunnyvale, Calif.-based Juniper, a networking equipment maker, said the acquisition will allow it to accelerate the delivery of open and automated packet optical transport solutions. Founded in 2000, BTI Systems has raised nearly US$122 million in funding, according to Crunchbase. Its investors include Bain Capital Ventures, BDC Capital, Covington Capital, Difference Capital Financial, Kodiak Venture Partners and Wellington Financial.

BLOG POST (reproduced courtesy of Juniper Networks)

Juniper Networks Enters Into Definitive Agreement to Acquire BTI Systems

I am pleased to announce that Juniper Networks has entered into a definitive agreement to acquire BTI Systems, a leading provider of cloud and metro networking systems and software to content, cloud and service providers. We expect the acquisition will allow Juniper to accelerate the delivery of open and automated packet optical transport solutions that integrate with our NorthStar Controller and include network management features that enable end-to-end provisioning of new services.

The combination of BTI Systems’ accomplished team, innovative and open solutions with Juniper’s longstanding switching and IP routing expertise positions the company well to take advantage of the fast growing DCI and Metro markets.

The acquisition is subject to customary closing conditions and Juniper is not disclosing the terms of the agreement at this time as the terms are not considered to be material to our financials. However, we look forward to sharing more information after the transaction closes, which is expected to be in Q2 of this year. We are excited to take this next step and welcome BTI Systems to our team.

Jonathan Davidson, Juniper Networks, ‎01-26-2016

Photo courtesy of Reuters/Brendan McDermid