Global private equity and venture capital news and research

Juniper Networks investment brings Vidyo funding to $97m

22 May 2012

Juniper Networks has joined video conferencing company Vidyo as a strategic investor alongside lead investor QuestMark Partners and other existing investors Menlo Ventures, Rho Ventures, Star Ventures, and Four Rivers Group.

The firm has committed an undisclosed tranche of growth funding through its Junos Innovation Fund, bringing the total raised so far by Vidyo to $97m.

The investment enables Vidyo to increase its go-to-market activities and integrate its video conferencing products with Juniper’s numerous offerings, it said.

Vidyo delivers telepresence-quality conferencing to more than 1850 enterprise, healthcare, education, and government customers.

Juniper Networks is leading the move to architecting the new network based on a single architecture and single operating system, known as Junos.

“Infonetics Research states the market will reach a cumulative $22bn over the next five years,” Vidyo co-founder and CEO Ofer Shapiro said in a statement.

“We see Juniper as a kindred spirit, itself a pioneer in its industry, having revolutionised networking for over 16 years.

“Their investment validates the approach we have taken to successfully create new video conferencing markets and deliver superior value, accessibility and scalability to our customers and partners.”

Copyright © 2012 AltAssets



Leave a Reply

You must be logged in to post a comment.

Legals & Terms of UsePrivacy Policy

AltAssets is registered as a trademark of Investor Networks Limited (06695690).
Registered Office: Zetland House, 5-25 Scrutton St, London EC2A 4HJ
Content is © AltAssets 2000-2015