Juniper Buys Security Specialist Mykonos for $80 Million
Acquisition shores up vendor’s security portfolio with intrusion deception technology to protect web applications.
Juniper Networks Inc. said that it has paid $80 million in cash to acquire Mykonos Software Inc., a San Francisco, CA- based, privately-held maker of technology that uses deception to detect, track, profile and thwart hackers from attacking web site and web applications.
The transaction, which closed on February 13, 2012, fills a gap in Juniper’s security portfolio to span devices, applications, networks and the cloud, said Nawaf Bitar, Juniper senior vice president and general manager, Security Business Unit.
"With this acquisition, Juniper is driving security innovation with disruptive technology that breaks from conventional ideas," he said.
Mykonos maintains a channel partner program that includes value-added resellers and system integrators. The company offers channel partners training, technical, sales and implementation and marketing support, and a deal registration program under a recurring revenue model.
Juniper reportedly will retain Mykonos’ employees and its offices in San Francisco, New York City and Rochester, NY.
Jeff Wilson, Infonetics Research principal analyst, said that transaction will help Juniper’s security sales.
"Acquiring Mykonos Software is a smart move for Juniper,” said Wilson. “There are opportunities for Juniper to sell standalone and integrated versions of the Mykonos solution," he said.
Mykonos’ flagship Web Intrusion Prevention System uses deception to lay traps for intruders by inserting points in the code such as urls, forms and server files that leads to dead ends, officials said.
The traps enable users to detect an intrusion during its exploratory phase before the attacker has decided on a target. Mykonos’ software costs hackers time and money by making the attacked area deceptive and variable, the company said.
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