Netrounds was acquired by Juniper Networks
Netrounds, a a Luleå, Sweden-based developer of programmable, software-based active test and service assurance platform suitable for fixed and mobile networks for the entire service lifecycle, announced that it was acquired by the US-based Juniper Networks.
The deal was made for 100% of the company's shares and has other financial details not disclosed.
Netrounds, founded in 2007 and led by CEO Mats Nordlund, develops an active network measurement solution for physical, hybrid and virtual networks and helping communication service providers to enhance the end user experience of IP-based services such as Internet, TV, voice and other quality-demanding business services.
The tech, which is vendor-agnostic, bridges the missing link between services and networks, providing assurance of the quality of service experience from a customer perspective, with insight to where problems originated when things go wrong.
Netrounds has about 30 employees and sales of about SEK 42 million ($4.7M) in 2019. It was owned by professional investors including Swisscom Ventures, Fairpoint Capital, Almi Invest, Inlandsinnovation and Norrlandsfonden, who all exit.