NEW YORK, April 8 Network equipment maker
Juniper Networks Inc (JNPR.N) said on Thursday it will buy
privately held media software company Ankeena Networks for less
than $100 million to broaden its product portfolio.
Ankeena boasts "adaptive streaming" technology that help
deliver video over various networks with minimal interruptions,
by detecting a user's available bandwidth and adjusting the way
the content is delivered.
Juniper said the deal would be immaterial to its finances,
with a specific value not disclosed, but would help it expand
its expertise in delivering video over the Internet. Juniper
competes with Cisco Systems Inc (CSCO.O) in selling network
equipment like switches to phone and cable service providers as
well as large corporations.
(Reporting by Ritsuko Ando; Editing by Bernard Orr)