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Juniper Networks has stumped up $122 million for security specialist Funk Software in an attempt to boost its network access story, although the vendor is yet to reveal when the two product lines will be fully integrated. (See Juniper to Buy Funk.)
Funk, based in Cambridge, Mass., sells a range of software for controlling access to both wireless and wired networks.
Speaking on a conference call this morning, Juniper execs said that Funks workforce of around 140 employees, including CEO and founder Paul Funk, will become part of Junipers security products group. Execs also promised that Funk employees will remain at their New England base on the close of the acquisition in December.
But Juniper was unable to provide any specific timelines on when the two vendors products will be integrated, Hitesh Sheth, the firms vice president of enterprise products, saying only that we will proceed on this as quickly as we can.
The exec also sought to allay any concerns that existing customers may have about the deal, saying that he does not anticipate any changes to Funks pricing models. We will continue to support existing technologies," he said, although, again, he did not offer specifics.
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