SOURCE: Blackwave Inc.

Blackwave Inc.

November 18, 2010 17:19 ET

Blackwave Announces Its Advanced Video Delivery Technology Has Been Acquired by Juniper Networks

Blackwave's Technology Will Enhance Juniper Networks' Ability to Deliver Internet Video Content With Exceptional Scale, Performance and Efficiency

ACTON, MA--(Marketwire - November 18, 2010) - Blackwave, an innovator in Internet video storage and delivery infrastructure, today announced its advanced video delivery technology has been acquired by Juniper Networks (NYSE: JNPR). With this acquisition, Juniper Networks gains the advanced next-generation Blackwave video delivery technology which addresses the massive delivery requirements of very large Internet content providers, including content publishers, video aggregators, telcos, wireless network operators, Cable/IPTV providers and Content Delivery Networks (CDNs).

"We are extremely proud that Juniper Networks recognizes the advantages of our technology and its potential for expanding their position as a leader in the global market for ultra-fast distribution of high-quality video content over the Internet," said Blackwave Chief Executive Officer Bob Rizika.

Rizika and Blackwave Chief Technology Officer Mike Kilian began developing the Blackwave video delivery technology in 2007. The technology reflects their combined decades of experience and expertise in building and leading successful technology companies, and extends their track record of success in bringing advanced products to market. Adam Rizika, Head of Sales and Marketing, was instrumental in expanding the company's global presence. 

"The acquisition of Blackwave technology continues Juniper's commitment to the new network by serving the rapidly escalating appetite for high-quality video from anywhere to any device," said Rajan Raghavan, vice president and general manager, Content and Media Business Unit, Juniper Networks. "The Blackwave technology brings storage performance and scaling capabilities that combined with the Media Flow platform and Juniper's high-performance networking systems, will provide a compelling solution for our customers who require scalable and efficient distribution of content and high-quality video over the Internet."

About Blackwave

Blackwave builds storage and delivery infrastructure specifically designed to meet the unique requirements of Internet Video distribution. Integrating intelligent software with standard industry hardware, Blackwave Systems dramatically reduce the cost per video streamed or downloaded, increasing the profitability of video distribution for content owners and their delivery partners. For more information, please visit http://www.blackwave.tv/

About Juniper Networks

Juniper Networks is in the business of network innovation. From devices to data centers, from consumers to cloud providers, Juniper Networks delivers the software, silicon and systems that transform the experience and economics of networking. The company serves customers and partners worldwide, generating revenues exceeding $3 billion over the last year. Additional information can be found at www.juniper.net.