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.
27 January 2016•2 mins read
