SUNNYVALE, CA--(Marketwire - February 23, 2010) - Juniper Networks® (NYSE: JNPR) today
announced the Junos® Innovation Fund, a new corporate venture capital
initiative that will invest in groundbreaking companies focused on
improving the experience and economics of networking. The $50 million fund
expands Juniper's efforts to create and deliver an ecosystem of
technologies, software and applications built on the open and secure Junos
software platform, which allows companies to directly program multiple
layers of their networks and quickly and efficiently create new services
while enabling rich user experiences, revolutionary economics and fast time
to market.
Primarily targeting early- and growth-stage venture backed companies, the
Junos Innovation Fund will invest in companies over the next two years that
complement Juniper's growth strategy. Key investment areas will include
networking technologies, applications, and services that foster the
development and deployment of security infrastructure, advanced mobility
and video solutions, virtualization, network automation, optical technology,
and green networking.
"Junos already offers our customers, partners and developers a powerful
platform to drive innovation for the network, from the core to the client,
without having to build from scratch. With the Junos Innovation Fund, we'll
expand that ecosystem with capital resources in addition to SDKs and
support services that will accelerate the velocity and variety of 'new
network' solutions reaching our customers," said Kevin Johnson, CEO of
Juniper Networks. "These investments will also enhance Juniper's R&D
roadmap and ensure that the company is continuing to lead in bringing
transformational technologies to market."
Juniper has a history of backing innovative technology companies and
currently has investments in 11 companies, including Ankeena Networks,
Blade Network Technologies, Cyan Optics, FireEye and Packet Design.
To get more information or join the conversation, please refer to the
following resources:
About Junos and Junos Ready Software
Junos is a cross-network software platform that includes the popular Junos
network operating system, the Junos Space network application platform and
the Junos Pulse integrated network client -- all built with the same core
design principles, integration approach and development discipline. The
platform extends Juniper's heritage and unique differentiation as an
innovative developer of smart, reliable and scalable software that runs
across routing, switching and security products for service provider and
enterprise markets.
Juniper recently created a new business unit and branded portfolio -- Junos
Ready Software -- that represents third-party and Juniper-developed
applications based on the Junos operating system, Junos Space or Junos
Pulse. Like all applications built on the Junos platform, Junos Ready
Software undergoes a rigorous and structured development, testing and
quality control process before being released. Developers that are
interested in integrating their applications with the proven Junos platform
are invited to contact Juniper at sdk-pm@juniper.net.
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.
Contact Information: Media Relations:
Kim Markle
Juniper Networks, Inc.
(408) 936-7673
kmarkle@juniper.net
Investor Relations:
Lisa Hartman
Juniper Networks, Inc.
(408) 936-6123
lisac@juniper.net