Juniper chequebook strikes again
An agreement has been reached for Juniper to acquire privately-held provider of new media infrastructure technology, Ankeena Networks.
Ankeena describes its solution as one that delivers online media content at massive scale, while providing a television-like viewing experience for media with dramatically reduced delivery costs.
In alignment with Juniper’s vision for the “New Network,” Juniper will integrate Ankeena’s technology into its solutions portfolio to address the rising demand for rich media content while improving the economics of content delivery for service providers. “Juniper’s acquisition of Ankeena reflects our commitment to transforming the experience and economics of networking – in this case by delivering an enhanced TV-like user experience of both fixed and mobile video traffic, while enabling crucial TCO reductions for operators,” said Manoj Leelanivas, Executive VP and General Manager, Junos Ready Software at Juniper Networks. “The combination of Ankeena’s new media infrastructure solution with Juniper’s high-performance networking platforms will take our existing partnership to the next level to meet the bandwidth and cost of delivery challenges facing service providers as IP video continues to accelerate. We are excited about Ankeena’s technology and its talented team playing important roles in the future of Juniper Networks.” Both firms said that the financial impact of this transaction is expected to be immaterial with consideration at closing of less than $100 million. Additional terms of the transaction were not disclosed.