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Juno Inc. history
Juno Inc. company history timeline
In 1956 his new business, Halo Lighting, was established in Chicago with help from some of the sales staff that moved with him from their previous employer.
Robert Fremont founded the Des Plaines, Illinois-based Juno in 1976.
Boosted by a public offering in 1983, Juno acquired Alumitron, a fluorescent lighting company.
In 1988, with $80 million in cash reserves, Juno acquired Indy Lighting, a producer of department store lighting fixtures.
Profits from Alumitron were disappointing, leading to its sale in 1990.
Lens, Inc. proposed that Juno's bylaws be amended to require that a majority of the company's directors be independent, also proposing that Lens principal Robert A.G. Monks--known for a 1992 proxy battle with Sears, Roebuck and Company--be positioned as a director.
Juno sued and the companies settled in 1993, with the recognition of Juno's patent.
Juno was founded in May of 1995 with the financial backing of David Shaw, an investment banker based in New York who once taught computer science at Columbia University.
Building Subscriber Base with Free E-mail: 1995-98
Another company, FreeMark Communications of Cambridge, Massachusetts, announced that it would offer a similar service by the end of 1995.
Verity, John. "Free E-Mail, But With a Catch." BusinessWeek Online, April 29, 1996.
On April 22, 1996, Juno launched its free e-mail service.
By December 1996 Juno had 800,000 subscribers and about 30 advertisers.
In June of that year, Juno began offering its Premium Web service, which included full Internet access, for a $19.95 monthly fee. As a result, several competitors began to emerge, including NetZero, which was established in July of 1997.
Juno had acquired Advanced Fiberoptic Technologies (AFT) in 1997.
By mid-1997 Juno claimed to have 2.2 million users.
Juno continued to actively defend its users from unwanted e-mail and vigorously prosecuted spammers (junk mail marketers). The company had adopted a 'zero-tolerance' approach to unsolicited commercial e-mail in late 1997.
Anxious to get back on track, Juno agreed to comply with terms set forth by Lens, Inc., but they failed to fulfill an April 1998 promise to appoint another two independent directors within 60 days.
1998: Dissension from Shareholders Following Dim Performance
Since the beginning of 1998 Juno had more than doubled its points of presence from 500 to 1,200 by purchasing dial-up access from a variety of providers, including Concentric Network, AT & T, Sprint, and WorldCom.
Juno introduced premium service levels, for which customers paid subscription fees, in 1998.
Juno went public in May 1999 with an initial public offering (IPO) on NASDAQ at $13 a share.
In a deal with America Online announced in August 1999, Juno would start offering a co-branded version of AOL's proprietary instant messaging service.
News Corp., which owned about nine percent of Juno, announced in October 1999 that its News Digital Media subsidiary would supply Juno users with entertainment, news, sports, and business content through Juno's portal site, www.juno.com.
In December 1999 Juno launched version 4.0 of its software and expanded the functionality of all three service levels.
1999: Juno becomes a publicly traded company; at the end of the year it adds Internet access to all levels of service and introduces broadband Internet access.
Eads, Stefani. "Juno's Lesson: You Can't Give Everything Away." BusinessWeek Online, January 26, 2000.
In May 2000 Juno announced that Juno Express was available in 22 United States markets.
Juno's partnership with IBM was announced in August 2000.
"Juno's Broadband Service Now Available in 63 Markets; Juno Express DSL Expands into 39 New Markets." Business Wire, September 12, 2000.
As 29-year-old Ardai told the Standard in September 2000, 'We're on the verge of an Internet mutation.
After the first quarter of 2000, though, it was trading back in the $7--$16 range and heading progressively lower to barely more than $2 a share in late 2000.
WorldSpy had about 260,000 subscribers when it went out of business in mid-2000.
For the second quarter of 2000, 62 percent of Juno's revenue came from billable services, and 38 percent came from ads and electronic commerce.
"Juno Launches Version 5.0 of its Internet Access Software." Business Wire, January 23, 2001.
Borrus, Amy. "Someone Has to Pay the Freight." BusinessWeek Online, March 26, 2001.
In September of 2001, Juno Online Services and NetZero joined forces to become a new company, United Online.
"Juno Online Services, Inc ." Gale Encyclopedia of E-Commerce. . Retrieved June 21, 2022 from Encyclopedia.com: https://www.encyclopedia.com/economics/encyclopedias-almanacs-transcripts-and-maps/juno-online-services-inc
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Juno Inc. competitors
| Company name | Founded date | Revenue | Employee size | Job openings |
|---|---|---|---|---|
| CompuServe | 1969 | $2.7M | 15 | - |
| United Online | 2001 | $151.1M | 200 | - |
| Open Range Communications | - | - | 75 | - |
| Point Broadband | 2016 | $1.2M | 100 | 22 |
| Belden | 1902 | $2.5B | 8,100 | 43 |
| KSM Electronics | 1975 | $186.0M | 500 | - |
| Gates | 1911 | $3.4B | 13,433 | 83 |
| Wiremold Company | 1900 | $5.2M | 15 | - |
| RTE | - | $600,000 | 7 | 1 |
| CafePress | 1999 | $76.3M | 298 | - |
Juno Inc. history FAQs
Zippia gives an in-depth look into the details of Juno Inc., including salaries, political affiliations, employee data, and more, in order to inform job seekers about Juno Inc.. The employee data is based on information from people who have self-reported their past or current employments at Juno Inc.. The data on this page is also based on data sources collected from public and open data sources on the Internet and other locations, as well as proprietary data we licensed from other companies. Sources of data may include, but are not limited to, the BLS, company filings, estimates based on those filings, H1B filings, and other public and private datasets. While we have made attempts to ensure that the information displayed are correct, Zippia is not responsible for any errors or omissions or for the results obtained from the use of this information. None of the information on this page has been provided or approved by Juno Inc.. The data presented on this page does not represent the view of Juno Inc. and its employees or that of Zippia.
Juno Inc. may also be known as or be related to Juno Inc.