Juniper Networks has completed the sale of its Junos Pulse technology to Siris Capital. The deal was first announced back in July and is valued at $250 million.
Siris Capital is not wasting any time deciding what to do with Junos Pulse technology, today announcing the formation of a new company called Pulse Secure. The company is being led by CEO Andrew Monshaw, who was not previously a Juniper employee. Monshaw's career background includes several decades working for IBM.
Pulse Secure will continue to have the Junos Pulse technology for mobile remote access security at its core. But that won't be the only technology it has.
In addition to launching the company today, Pulse Secure also made its first acquisition. Pulse Secure is now acquiring privately-held mobile BYOD vendor MobileSpaces. Financial terms of that deal are not being publicly disclosed at this time.
"Pairing MobileSpaces’ BYOD workspace with our VPN and network access control products ushers in the next-generation workforce by giving them easy, yet secure, mobile access to the services and applications they need," Monshaw said in a statement. "We’re thrilled to be bringing MobileSpaces’ innovative products and people to the new Pulse Secure."
Pulse Mobile's initial products include the Pulse Connect Secure SSL VPN solution, Policy Secure for Network Access Control (NAC) and the Pulse Secure Client, which is a unified mobility client.
"We are excited to launch Pulse Secure as an independent company. It begins operations with a unique combination of assets, from network infrastructure to mobile technologies,” Alfred Zollar, chairman of Pulse Secure, said in a statement. "Most importantly, we’re building upon this business with more than 200 employees who are leading security experts in VPN, NAC and mobile.”
Sean Michael Kerner is a senior editor at Enterprise Networking Planet and InternetNews.com. Follow him on Twitter @TechJournalist.