Juniper on Thursday announced it has entered into a definitive agreement to acquire Ankeena Networks, a privately held media content company. The goal, says Juniper, is to integrate Ankeena's technology into its Junos Ready Software and offer the technology to service providers interested in addressing the demand for video and rich media content on fixed and mobile networks.
"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 vice president and general manager, Junos Ready Software at Juniper Networks.
According to Juniper, the financial impact of the acquisition will be immaterial with consideration at closing of less than $100 million. Additional terms of the transaction were not disclosed.