Sale of Webscreen Systems Limited to Juniper Networks
Basingstoke, UK: 4 February 2013 - Accumuli plc, the independent UK-based specialist in IT security, announces the sale of certain assets from one of its subsidiaries, Webscreen Systems Ltd (WSL), to US-based networking provider, Juniper Networks in a $10 million deal.
The agreement, effective from today, includes the disposal of the trade and assets of WSL, consisting of the company’s Distributed Denial of Service (DDoS) mitigation software (Webscreen). In line with the terms of agreement, Accumuli will remain a reseller of Webscreen.
Gavin Lyons, CEO, Accumuli, says: “We’re delighted that WSL’s superior technology will become part of Juniper’s global portfolio and help many organisations protect themselves against DDoS attacks. Juniper’s reputation, channels to market and extensive experience make it the ideal home for WSL, and I have no doubt it will be a successful relationship.
“Accumuli’s decision to divest the WSL business will allow the company to focus on its core strategy and competencies. Accumuli is an independent specialist in IT security that is focused on expanding the three pillars of our business – Technology, Professional Services and Managed Services. Our goal is to help organisations secure their business against the ever increasing threat landscape in the most cost effective way. The scale and variety of threats continues to grow at a substantial pace and it’s our responsibility to bring together
complementary technology solutions and expert services to safeguard our customers’ infrastructure and data.”
Lyons explains: “The sale of WSL assets gives us substantial resources to continue growing our market share in the IT security sector by concentrating on what we are good at; identifying and being highly proficient in best of breed security technologies, expanding on our managed security services portfolio, building security intelligence platforms and creating complementary intellectual property along the way.”
“The acquisition of the Webscreen DDoS capability gives Juniper another asset to help protect our customers and their data centres,” said David Koretz, Vice President of Counter Security at Juniper Networks. “Webscreen’s unique, fully automated DDoS protection system assists in keeping our customers websites and web applications highly available." WSL was originally a wholly owned subsidiary of Boxing Orange. When Accumuli completed its acquisition of Boxing Orange in April 2011, WSL became part of the Accumuli group, as a
wholly owned subsidiary of Accumuli Security Services Limited (ASSL).
WSL currently has four full time employees, three in a technical capacity and one in sales and management. All will be transferred in their existing roles to Juniper Networks.