Deals done this past week


27 Feb 2012

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An overview of the week in deals in the Irish and global technology sector.

Juniper Networks buys web-security firm Mykonos for US$80m

In a deal worth about €80m, Juniper Networks has acquired Mykonos Software, a provider of intrusion deception systems that protect websites and web applications against hackers and internet fraud.

The deal itself closed on 13 February.

Juniper, which designs and sells internet protocol network products and services, said the acquisition of Mykonos would allow it to extend its security portfolio with the only intrusion deception system in the industry capable of detecting an attacker before an attack is in progress.

Blueface enters mobile business as Three’s first MVNO

Voice over IP business telecoms provider Blueface has entered the mobile space after striking an MVNO (mobile virtual network operator) deal with Three.

The company will offer business customers unlimited Ireland and UK landline and mobile calls, free VoIP calls and unlimited data and texts for a set price of €69 per month.

Blueface is the first MVNO on the Three network.

The company’s growth and development has been supported recently by Enterprise Ireland through large grant investment, which will underpin the expansion of the business and generate 12 new jobs.

Boston University and Intune Networks to create BURST network

Boston University and Irish firm Intune Networks are partnering to create the Boston University Research Switch and Transport (BURST) network, which will be based upon Intune Networks’ optical packet switch and transport (OPST) technology.

Details of the partnership were announced at an event in Boston, which Taoiseach Enda Kenny attended.

The aim of the next-generation R&D network will be to explore new network architectures, identifying how both entities can exploit the challenges presented by the explosion in internet traffic and services.

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