NEW YORK, April 8 (Reuters) - 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)