The company was officially established for two days and was acquired by Juniper at a price of USD 0.176 billion.

On Monday, a small startup named contrail systems ended its secret investment phase and was formally established on Tuesday. Today, just two days after the company was formally established, the company was acquired by Juniper Networks for $0.176 billion.

Contrail's founders, employees, and investors earned $57.5 million in cash, plus 6 million shares of Juniper Networks.

For a company founded just two days ago, this price is already very good.

Juniper has been eyeing contrail for a while. In July this year, contrail received 10 million billion RMB from Khosla Ventures. According to Jim duy of network world, contrail's first product will be available next year. Software Defined network products (SDN) they developed have received the attention of many parties.

SDN is a new technology that solves network problems for enterprises and eliminates the need to purchase expensive routers and switches with fancy functions, such as Cisco products. Enterprises can purchase simpler and cheaper hardware products. This will make the network more flexible and cost-effective.

In July this year, VMWare acquired nicira, a leading enterprise in SDN, at a price of 1.26 billion.

Since then, enterprises developing SDN products have become the darling of the technology world. In October this year, micira's biggest competitor, big switch, received $25 million in funding, and hosla also participated in the investment.

Five days ago, plexxi announced their financing amount. The company received $48 million in two rounds of financing and $20 million this summer alone. In addition, in August this year, SDN enterprise plumgrid received $10.7 million in financing.

These are only a small part of SDN enterprises.

Juniper Networks is very interested in contrail. Contrail is one of Cisco's biggest competitors, providing Juniper with the opportunity to attract Cisco consumers. Their products are specially designed to control Cisco and Juniper network hardware devices.

The company's founders used to work for Google, Cisco, Juniper, and Aruba Networks. In addition, Ankur SINGLA, CEO of the company, was once the leader of the Aruba Networks engineering team and also worked for Juniper. CTO kireeti kompella was also an important member of juniper. Pedro Marques has worked for Cisco, Juniper, Google, and other companies.

(Via bi)