Computer networking company Juniper Networks Inc. said Thursday that it will acquire Ankeena Networks, a privately held new-media technology company.
The full terms of the deal were not disclosed, but the full cost is not expected to exceed $100 million.
Juniper said the acquisition will help the company address rising demand for Internet video in a more cost-efficient manner.
Ankeena, located in Santa Clara, Calif., was founded in 2008 as Nokeena Networks. The company's senior management team has agreed to join Juniper following the acquisition and will assume leadership roles within the Junos Ready Software business group.
Shares of Juniper fell 22 cents to close at $31.27.