Juniper acquires Redline and Peribit

"Juniper Networks said on Tuesday it agreed to buy two closely held start-ups for a combined $469 million in cash, stock and options to strengthen its ability to deliver applications over networks.

The Sunnyvale, California-based maker of routers that direct data over the Internet and corporate networks said it agreed to pay about $337 million in cash, stock and assumed stock options to buy Perbit Networks Inc. Peribit raised over $40M from Accel, Foundation, Mayfield, WK, others.

Juniper said it agreed to pay about $132 million for closely held Redline Networks Inc.

[Reuters]