Juniper Buying Kagoor

The $67.5 million deal should add to earnings next year.
By TSC Staff ,

Juniper

(JNPR) - Get Report

agreed Tuesday to buy closely held Kagoor Networks for $67.5 million in cash.

Juniper said the move would help it bring secure networking to customers through so-called rich traffic processing. The company cited Kagoor's session border control technology, which Juniper said "delivers a powerful solution for network operators looking to cost-effectively deploy quality voice-over-Internet protocol (VoIP) and other rich media services."

Kagoor generated less than $5 million in revenue in 2004. Juniper's revenue last year was $1.34 billion.

Juniper expects to close the deal in the second quarter. It expects the acquisition to dilute earnings by less than a penny a share this year and to add to earnings next year.

On Tuesday, Juniper rose 39 cents to $21.61.

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