[May 25, 2012] Juniper Networks' Junos Innovation Fund Takes Part in Vidyo's Series D Financing Tweet May 25, 2012 (Close-Up Media via COMTEX) -- Vidyo, Inc., a video conferencing company, announced that Juniper Networks is joining as a strategic investor through its Junos Innovation Fund, alongside lead investor QuestMark Partners and other existing investors Menlo Ventures, Rho Ventures, Star Ventures, and Four Rivers Group. According to a release, though terms of the investment were not disclosed, Vidyo announced in September 2011 that it had raised $97M to accelerate its growth. The investment from Juniper Networks enables Vidyo to increase its go-to-market activities and integrate its video conferencing products with Juniper's numerous offerings. According to numerous analysts, Vidyo is disrupting advancement in the video communications and collaboration market, driving the industry forward with its paradigm-shifting platform. Vidyo delivers telepresence-quality conferencing to more than 1850 enterprise, healthcare, education, and government customers. Vidyo said that Juniper Networks is leading the charge to architecting the new network based on a single architecture and single operating system, Junos, that ensures performance, reliability and security without compromise and at the scale customers demand. "As the use of video in the enterprise and on end devices continues to expand, our customers are seeking new ways to improve video delivery," said Jeff Lipton, vice president, Venture and Strategic Investments, Juniper Networks. "Vidyo is an emerging player that is driving innovation in software-based videoconferencing, and we believe its leading technology will improve the experience and economics of video communications alongside advances in networking technologies." "Juniper Networks' strategic investment in Vidyo is a solid endorsement of our vision and a recognition of how rapidly the videoconferencing market is expected to grow in the near future; Infonetics Research states the market will reach a cumulative $22 billion over the next 5 years," said Ofer Shapiro, Vidyo's co-founder and CEO. "We see Juniper as a kindred spirit, itself a pioneer in its industry, having revolutionized 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. We are extremely honored that such a world-renowned leader recognizes the unique strengths and proven abilities of Vidyo that are driving the video communications industry forward." ((Comments on this story may be sent to [email protected])) [ Back To TMCnet.com's Homepage ]