Juniper Network Inc. will acquire Ankeena’s Network media infrastructure technology to add a new service in its portfolio. Juniper will use Ankeena’s technology into its “Junos Ready Software business group” and it will offer a rich media content and demand for video service to their service providers. It is definitely a good attempt to solve latency problem for “video over the internet” while providing service like a Television-network. This will enable Juniper to compete with Cisco in this domain as both Cisco and Juniper are adding video services to offer to cable, carriers and service providers companies.
Ankeena's technology delivers following services in ”high-capacity media delivery solution” while providing a television-like viewing experience for media with reduced delivery costs in any type of network environment: Rich Content Deliver, Adaptive Streaming, Adaptive Streaming, On-demand Streaming, Live Streaming. It ensures that the users receive a smooth-viewing experience regardless of the infrastructure of the device and network conditions.
The technology dynamically detects the available bandwidth and varying the delivery bit-rate. This allows viewers to watch videos without any buffering, Juniper says.
Juniper Networks is a competitor of Network giant Cisco Systems. Juniper did not acquire a company for the first three of existence. They have acquired eleven companies so far since 1999. The first one was “Layer five” in Nov 1999, which was in “Intellectual property development and licensing”, business. Juniper has acquired five companies in the year 2005 when they were at the peak of the growth.
Ankeena Networks, founded in 2008, has been backed by investors including Clearstone Venture Partners, Mayfield Fund and Trinity Ventures. The company competes with Alcatel-Lucent, in addition to Cisco, the biggest maker of networking gear.
The deal is likely to close this month, Juniper said. This is Juniper’s first acquisition in almost five years, according to Bloomberg data. The transaction of this deal is expected to be valued less than $100 million and will enable Juniper to add “content delivery” and “media solutions” in their services which can be used to offer high-performance “content-delivery” networking and "3 Screen" media delivery solutions to service provider networks, carriers or cable networks. Exact terms of the deal were not disclosed.
