Juniper Acquires Ankeena for Less Than $100 Million
Senior management from Ankeena, a closely held company in Santa Clara, California, will join Juniper after the acquisition, according to a statement today. Exact terms of the deal weren’t disclosed.
Juniper and Cisco are adding video capabilities as they woo service providers, carriers and cable companies, which are scrambling to handle the surge in demand for Internet video. Ankeena’s software helps customers stream massive amounts of video without visual jerkiness or disruptions.
Founded in 2008, Ankeena is backed by 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 will probably close this month, Juniper said. This is Juniper’s first acquisition in almost five years, according to Bloomberg data.
Juniper, based in Sunnyvale, California, fell 22 cents to $31.27 at 4 p.m. New York time in Nasdaq Stock Market trading. The shares have advanced 17 percent this year.
To contact the reporter on this story: Rochelle Garner in San Francisco at This e-mail address is being protected from spambots. You need JavaScript enabled to view it
Last Updated: April 8, 2010 16:14 EDT
