Juniper trumpets £50m acquisition of Mykonos Software

Juniper has announced the purchase of intrusion deception and prevention vendor Mykonos Software.

In a deal of roughly $80 million (£51 million), Juniper said that the purchase allows it to increase its security portfolio with the technology it truly is able to detecting an attacker before an attack is in progress.

According to Mykonos Software, its web intrusion prevention system uses deception to detect, track, profile and forestall hackers in real-time and in contrast to signature-based approaches, Mykonos Software inserts detection points to proactively identify attackers before they do damage. Also unlike web security appliances and Web Application Firewalls, Mykonos said that it provides device level tracking beyond IP address tracking that permits for attackers to be uniquely identified, monitored and blocked.

Juniper said that the Mykonos Software technology becomes a key portion of its long-term vision to deliver an always protected environment across devices, applications, the network and the cloud.

Nawaf Bitar, senior vice chairman and general manager of the safety business unit at Juniper Networks, said: “With this acquisition, Juniper is driving security innovation with disruptive technology that breaks from conventional ideas. Juniper's strong history of technology execution combined with Mykonos' accomplished team ideally positions us to deliver an end-to-end security portfolio that gives an always protected environment across devices, applications, the network and the cloud."

David Koretz, chairman and chief executive officer of Mykonos Software, said: “We believe the combo of Mykonos' ground breaking technology and Juniper's proven expertise in delivering innovative security products on the largest scale, will enable us to supply solutions to immediate and pressing security threats for the biggest enterprises and public sector institutions.

“We are fascinated about the chance to leverage Juniper's world-class organisation to deliver the subsequent generation of application security according to better of breed proactive and preventative technology."