Bangalore R&D Playing Key Role in Global Product Agenda
SUNNYVALE, Calif. Dec. 14, 2010 — Juniper Networks (NASDAQ:JNPR, news, filings) today announced plans to expand the India Excellence Center (IEC), its research and development center in Bangalore, India. With 1,800 Juniper staff and 300 development partners working at its existing campus, the company plans to add another 750 seats and 450 equipment racks at a new site in Bangalore over the next two years.
This initiative is designed to provide Juniper Networks with the capacity to continue growing the IEC's pool of engineering talent and better service its customers. The new office will be located at Bangalore's new Prestige Exora Business Park and is being developed in two phases.
"This expansion reflects our ongoing commitment to increasing the depth of experience and expertise in the India region, which is becoming increasingly important not just as a source of engineering talent but also as a fast-growing market for Juniper Networks," said Sridhar Sarathy, managing director of IEC at Juniper Networks. "One member of our team is among 45 elite Juniper Networks Distinguished Engineers, which is indicative of the fact that the IEC is capable of conceptualizing new system architectures and leading global product development initiatives."
Juniper's IEC is responsible for a full spectrum of activities including hardware and software development, test engineering, field trials, program management, quality assurance, technical documentation and product line management. The IEC made predominant contributions to the development of one of Juniper's latest market-leading innovations, the Juniper Networks® T4000 Core Router. It also provides 12-hour-a-day global customer support covering all Juniper products and operates a Finance Shared Services Center, which delivers functions to Juniper Finance organizations across the world.
Juniper continues to expand its business in India, as the push towards high-performance networking is driving demand for more robust security and networking equipment in enterprises and leading service providers.
About Juniper Networks
Juniper Networks is in the business of network innovation. From devices to data centers, from consumers to cloud providers, Juniper Networks delivers the software, silicon and systems that transform the experience and economics of networking. The company serves customers and partners worldwide, generating revenues exceeding $3 billion over the last year. Additional information can be found at Juniper Networks (www.juniper.net).
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Statements in this release concerning Juniper's business outlook and plans for expansion in India are forward looking statements that involve a number of uncertainties and risks. Actual results could differ materially from those anticipated in those forward-looking statements as a result of certain factors listed in our most recent report on Form 10-Q filed with the Securities and Exchange Commission. All statements made in this press release are made only as of the date set forth at the beginning of this release. Juniper undertakes no obligation to update the information in this release in the event facts or circumstances subsequently change after the date of this press release.