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Ankeena Networks, Acquired by Juniper Networks, Selected for Red Herring Top 100 North America Award

^{Published on 2010-07-02 06:10:43 - Market Wire}
 

SUNNYVALE, CA--(Marketwire - July 2, 2010) - Juniper Networks® (NYSE: [ JNPR ]) today announced its recent acquisition, Ankeena Networks, has been selected as a Red Herring Top 100 company. The prestigious award recognizes the leading companies in North America, celebrating these startups' innovations and technologies across their respective industries.

Red Herring's Top 100 North America list has become a mark of distinction for promising new companies and entrepreneurs. Red Herring editors were among the first to recognize that companies such as Facebook, Twitter, Google, Yahoo, Skype, Salesforce.com, YouTube, and eBay would change the way we live and work.

"Choosing the companies with the strongest potential was by no means a small feat," said Alex Vieux, publisher and CEO of Red Herring. "After rigorous contemplation and discussion, we narrowed our list down from hundreds of candidates from across North America to the Top 100 winners. We believe Ankeena embodies the vision, drive and innovation that define a successful entrepreneurial venture. Ankeena should be proud of its accomplishment, as the competition was very strong."

"Ankeena's selection to the Red Herring Top 100 reflects a recognition of the need to transform the experience and economics of networking -- in this case by delivering a smooth, consistent media experience to both fixed and mobile network users, while enabling crucial TCO reductions for operators," said Rajan Raghavan, vice president and general manager, Content and Media Business Unit, Juniper Networks. "As IP video penetration continues to accelerate, service providers face significant challenges associated with cost of delivery and bandwidth requirements. The powerful combination of Juniper's new network architecture and Ankeena's award-winning media infrastructure will provide a timely solution to these critical challenges."

Red Herring's editorial staff evaluated the companies across both quantitative and qualitative criteria, including financial performance, technology innovation, management quality, and strategy and market penetration. A review of the track record and standing of startups relative to their sector peers, allowing Red Herring to see past the "buzz" and make the list a valuable instrument of discovery and advocacy for the most promising new business models in North America, complement this assessment of potential.

About Juniper Networks
From devices to data centers, from consumers to the cloud, Juniper Networks delivers innovative software, silicon and systems that transform the experience and economics of networking. The company serves more than 30,000 customers and partners worldwide, and generated more than $3 billion in revenue over the last year. Additional information can be found at [ www.juniper.net ].

Juniper Networks and Junos are registered trademarks of Juniper Networks, Inc. in the United States and other countries. The Juniper Networks and Junos logos are trademarks of Juniper Networks, Inc. All other trademarks, service marks, registered trademarks, or registered service marks are the property of their respective owners.