On Monday, the tiny startup Contrail Systems was in stealth mode. On Tuesday it officially launched. On Wednesday, Juniper Networks bought it for $176 million.
Contrail’s founders, employees, and investors are sharing $57.5 million in cash and almost 6 million shares of Juniper stock.
Not bad for two days on the market.
Juniper has had its eye on the company for a while. The networking-equipment maker kicked in some of the $10 million Contrail raised in July, in a round led by Khosla Ventures.
Contrail’s first product wasn’t even scheduled to be released until next year, reports Jim Duffy at Network World.
But that product is in the super-hot enterprise market known as software-defined networking, or SDN.