New York-listed equipment provider Juniper Networks has agreed to buy Altor Networks less than a year after making a corporate venturing investment in the company.
Juniper said it would pay $95m in cash for Altor, net of the shares it already owned in the provider of security services to online and physical computer systems.
Altor was founded in 2007 and Juniper invested in March this year in the portfolio company’s $10m series B round through its $50m Junos Innovation Fund launched a month earlier. Juniper had previously invested in 11 companies, such as Ankeena Networks, Blade Network Technologies, Cyan Optics, FireEye and Packet Design, before Junos was launched.
Altor has also raised money from venture capital firms Accel Partners, DAG Ventures and Foundation Capital.
Mark Bauhaus, executive vice president and general manager of the service layer technologies division at Juniper, said: "This acquisition will extend our leadership in data center and cloud security and will enable customers to deploy a consistent set of security services across their physical and virtual infrastructure, while delivering lowest total cost of ownership."