Company Background

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In 1995, after 11 years working at the Computer Science Lab of Xerox PARC, Pradeep Sindhu took a leave of absence to consider his next steps. Noting the explosive growth of the Internet and the importance of connecting computers, Sindhu was struck by the enormous potential of the router — the fundamental building block of the network. He returned from a vacation with the idea to start a company to supply high-performance routers to support the quickly emerging Internet.

After some discouraging responses from venture capitalists, Sindhu managed to secure financing for his company, and Juniper Networks was incorporated February 6, 1996, in California. Instead of starting small like many startups, Juniper Networks decided upon what would become its signature approach — tackle the toughest problem and solve it once.

The company's first product, the revolutionary M40 router which shipped in September of 1998, did just that. The M40 far surpassed all other routers on the market and established Juniper's position as an innovative and serious player in the hardware market.

Developing the M40 was a major undertaking that required two years of research and work. During that time, to keep venture capitalists and customers happy, Juniper Networks developed what would later become its major differentiator and the basis for all future innovation — Junos Platform.

Juniper Networks went public on June 25, 1999. It was one of the most successful initial public offerings in history.

Since this auspicious beginning, Juniper Networks has continued to grow and innovate, releasing new product, developing new technologies based on customers' needs, and remaining at the forefront of high-performance networking.

KEY TECHNOLOGY MILESTONES

September 1998	Shipped Juniper Networks' first product, the revolutionary M40 core router
September 2000	Shipped first access edge routers, M Series Multiservice Edge Routers
April 2002	Launched Juniper Networks' new flagship T Series Core Routers
April 2004	Entered enterprise and security space with J Series Services Routers and SA Series SSL VPN Appliances
October 2006	Introduced next-generation packet-forwarding engine technology, I-chip, the basis for a new family of Ethernet-specific carrier platforms, MX Series 3D Universal Edge Routers
June 2007	Introduced the multi-terabit T1600 Core Router
January 2008	Entered enterprise switching market with new family of EX Series Ethernet Switches
September 2008	Introduced SRX Series Services Gateways, a new category of integrated security services devices that combine security, routing, and switching in one chassis
October 2009	Introduced Junos Trio chipset and revolutionary 3D scaling technology with launch of MX Series 3D Universal Edge Routers
August 2010	Introduced VXA Series Media Flow Engines and Media Flow solution to improve the efficiency of content delivery
October 2010	Introduced the Junos Pulse Mobile Security Suite, comprehensive security software for protecting mobile devices
February 2011	Launched MobileNext, the industry's first open mobile core for 2G/3G and LTE networks
February 2011	Introduced the vGW Virtual Gateway, virtualized security solution for private and public clouds
February 2011	Unveiled the QFabric solution, the world's first true data center fabric
March 2011	Unveiled the industry's first Converged Supercore switch, the PTX Series Packet
October 2011	Delivers Junosphere Lab, a first-of-its-kind cloud offering that allows network operators to create and run networks on-demand

RESEARCH AND DEVELOPMENT

We have invested significant time and resources in creating a research and development (R&D) process that successfully brings product concepts and development projects to market. Juniper's continued investment in research and development allows us to deliver a broad range of products and services to customers in target markets. Juniper Networks invests more in R&D as a percentage of revenue than industry peers, enabling us to introduce disruptive architectures, platforms, and solutions that add significant value for our customers.