Ottawa’s BTI Systems, which makes cloud and metro networking systems for service providers, has been acquired by Juniper Networks (NYSE:JNPR), the networking hardware manufacturer based in Sunnyvale, CA. No financial details of the transaction were disclosed.
BTI’s hardware and software facilitate the moving of digital content between data centers within close proximity to one another. By acquiring the company, Juniper Networks will be better positioned to compete with Cisco, which already offers similar solutions. BTI Systems was founded in 2000 and raised nearly $133 million in financing. Juniper Networks was founded in 1996 and is a well-entrenched player in the networking infrastructure space. It generated over $4.6 billion in revenue during the past four quarters.
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