Juniper Networks sells Junos Pulse biz to Siris Capital for $250 million

Juniper Networks today announced that it sold its Junos Pulse product to Siris Capital for approximately $250 million.

Juniper’s sale of Pulse is line with the company’s strategy outlined in its Integrated Operating Plan (IOP). The company said the strategy aligns the company’s security products to where its customers and the market is heading with High-IQ networks and building the next-generation of clouds.

Meanwhile, Juniper Networks said its net revenues for the second quarter of 2014 increased 7 percent to $1,230 million.

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Juniper’s operating margin increased to 9.4 percent.

Juniper posted net income of $221.1 million.

“Juniper delivered another solid quarter of revenue growth, with continued diversification across our target verticals. With our focused strategy, we are seeing clear signs of success with customers who are in a build cycle for High-IQ networks and Cloud ecosystems,” said Shaygan Kheradpir, chief executive officer, Juniper Networks.

Juniper Networks estimates revenues of around $1,150 million to $1,200 million for the quarter ending September 30, 2014.