SOURCE: Juniper Networks

Juniper Networks

February 23, 2010 08:00 ET

Juniper Networks Launches Venture Fund to Spark Innovation for "The New Network"

Junos® Innovation Fund Expands Junos Ecosystem to Further Transform Experience and Economics of Networking

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.

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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.

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