Juniper Networks and 128 Technology are organizing a conference call website today, October 19, 2020, at 7:00 a.m. PT, which will be broadcast live on the Internet investor.juniper.net. To participate by phone in the United States, the free number is 1-877-407-8033. Outside the U.S., select 1-201-689-8033. Online playback is archived on the Juniper Networks website. This press release contains forward-looking statements within the meaning of applicable securities laws. All statements, in the absence of historical facts, may be considered forward-looking statements. Statements in this press release on Juniper Networks` activities, strategies and priorities; our contract to acquire 128 technologies; Results, savings and improvements made possible by the technology of 128 Technologies, including integration into Juniper Network solutions; and our overall outlook for the future is forward-looking statements that involve a number of uncertainties and risks. Actual results or events may differ materially from those expected in these forward-looking statements, this is due to several factors, including, but not limited to our ability to close the acquisition project in a timely or general manner, our ability to integrate the acquired business and its technology, the potential benefits of the transaction with Juniper Networks and our customers, the efficiency of the 128 Technology technology and other factors mentioned in our latest report on Form 10-Q submitted to the Securities and Exchange Commission. All information contained in this press release will not be released until the time of this press release.
Juniper Networks undertakes no commitment to update the information contained in this press release if any facts or circumstances change after the date of this press release. Under the agreement, Juniper Networks acquired $128 Technology for $450 million, subject to customary cash adjustments that will cover outstanding capital premiums. Juniper also coordinated for 128 Technologies to issue limited retention-focused equity units, which are taken over by Juniper. The acquisition is expected to close in the fourth quarter by Juniper Networks, subject to regulatory approvals and other customary closing conditions. In FY21, the transaction is expected to be slightly diluted on revenue and gross margins, but dilutingly on non-GAAP EPS. In FY22, the transaction is expected to take place on non-GAAP-EPS. 128 The smart network of single session technology enables businesses and service providers to create a user-friendly fabric for WAN connectivity that is simple, efficient, agile and secure.