iStreamPlanet Announces Investment Agreement by Juniper Networks to Drive
Growth and Innovation in Live Video Streaming
Juniper Networks' Junos(R) Innovation Fund Joins Intel(R) Capital,
Turner Broadcasting, and Interxion(R) in Series A Funding
LAS VEGAS, NV -- (Marketwire) -- 03/21/13 -- iStreamPlanet, the
leader in live streaming video solutions, announced today that
Juniper Networks has completed a strategic investment in
iStreamPlanet's Series A funding, which was led by Intel(R) Capital.
The investment will be funded by Juniper Networks' Junos(R)
Innovation Fund. iStreamPlanet plans to use the proceeds from its
Series A financing to accelerate the development of its live video
streaming solutions, including Aventus(R), a cloud-based, live video
workflow platform designed to address the challenges of streaming
live events and live linear channels online to multiple platforms and
devices. One of the key advantages of Aventus is its ability to move
the live video workflow from today's hardware-dependent
infrastructure to a software- and cloud-based infrastructure.
The relationship combines iStreamPlanet's innovations and experience
in providing scalable and cost-effective live video workflow
solutions with Juniper's industry-leading networking and caching
technology to provide a reliable, secure, and high-performance
platform for content providers. The two companies have worked closely
in the past to deliver complex, live video workflows for major live
events, including the 2012 London Games.
"We are developing and bringing to market a next-generation automated
video workflow platform, which will help content holders and
distributors keep pace with the growing demand for live streaming
video and accelerate new business opportunities for broadcasters of
all sizes," said Mio Babic, CEO of iStreamPlanet. "Juniper Networks'
commitment to innovation in networking and caching in the cloud
closely aligns with our vision and customer demand, and we are
excited to be working with them and leveraging their expertise in
"Live streaming media is one of the most demanding networking and
caching scenarios, and one of the fastest areas of growth and
opportunity," said Robert Krohn, vice president and general manager,
Edge Software Business Unit, Jun
iper Networks. "Keeping up with
customer demand will require solutions with new levels of scalability
and automation, and iStreamPlanet and Juniper Networks are now on a
fast track to bring this type of solution to market."
The Junos Innovation Fund is a venture capital fund, launched in 2010
and backed solely by Juniper Networks, that invests in leading early-and growth-stage technology companies that expand and enhance the
iStreamPlanet is a premier, multiplatform
video-workflow solutions provider committed to bringing high-quality
streaming video experiences to connected audiences around the world.
With more than a decade of live streaming video experience,
iStreamPlanet has built a comprehensive offering of cloud-based
video-workflow products and services for live event and live linear
streaming channels. iStreamPlanet's innovative approach has been
chosen by the world's leading sports, entertainment, and technology
brands including NBC, Turner Broadcasting, Notre Dame Athletics,
AT&T, Pac-12 and Microsoft. Founded in 2000, the privately held
company is headquartered in Las Vegas with offices in Redmond, Wash.,
and London. More information can be found at www.istreamplanet.com.
All trademarks and registered trademarks mentioned herein are the
property of their respective owners.
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