Juniper Networks is a multi-national company dedicated to development and marketing of networking products, including network management software programs, switches, routers, network security products etc. Founded by Pradeep Sindhu in 1996, it went public only in 1999 after receiving funds from a number of telecom companies and venture capitalists. By 2000, it grew its annual revenues to $673 million, and by 2001, received 37% share of core routers market. Rami Rahim became the CEO in 2014, after which the company has started focusing on development of new networking products defined by software.
Pradeep Sindhu was a scientist at Xerox’s PARC (Palo Alto Research Center), and the idea of Juniper struck him while taking a vacation in 1995. Most of the routers at that time were meant for phone calls with a dedicated circuit for each caller. Sindhu wanted to create a packet-based router optimized for web traffic. With the help of established engineers like Dennis Ferguson and Bjorn Liencres, he started the company with a seed funding of $2 million, received capital from many large telecom equipment companies like Ericsson, Siemens, 3Com and Nortel, and went public in 1999.