Juniper to Acquire Kagoor in $67.5-Million Deal
Juniper Networks Inc., a maker of Internet-switching equipment, has agreed to acquire Kagoor Networks Inc., which makes systems for Internet telephony, for $67.5 million in cash, plus options and other incentives.
The addition of Kagoor’s session border control, or SBC, technology should help Juniper deploy quality systems for Voice Over Internet Protocol, or VOIP, calls, Juniper said Tuesday.
The purchase, which is scheduled to close in the second quarter, is expected to hurt 2005 earnings by less than a penny a share and would add to earnings in 2006, Juniper said.
San Mateo-based Kagoor had less than $5 million in revenue last year. Sunnyvale, Calif.-based Juniper had $1.34 billion of revenue last year.
Kagoor has a research and development center in Herzelia, Israel. Juniper plans to use it as a springboard for a research and development center there.
Juniper shares fell 2 cents to $21.20 on Nasdaq.