Juniper Networks is buying the intellectual property of Blackwave, which makes Internet video delivery and storage technologies.
The deal, announced Nov. 18, marks the second acquisition by Juniper this week and the latest move by the networking company to expand its capabilities in the highly competitive Internet video market, which is drawing the interest of such top-tier tech companies as Cisco Systems and Hewlett-Packard.
Financial details of the deal were not disclosed.
Juniper officials said the will integrate Blackwave's technology into their Media Flow Controller content delivery and caching offering, a product the company aquired in April when it bought Ankeena Networks.
Juniper's technology is aimed primarily at helping service providers, content providers and content delivery networks improve the video experience they can deliver to fixed and mobile devices.