SANTA CLARA, CA — Motorola, Inc. has inked a $140-million deal to acquire Terayon Communication Systems Inc., it was announced Monday.
Under the definitive merger agreement, Motorola will integrate Terayon’s software-driven application solutions that optimize bandwidth and enable content to be delivered based on the regional and local interests of viewers with its video infrastructure.
“Operators around the world are looking for a digital video core that will maximize bandwidth and enable the delivery of revenue-generating services,” said Dan Moloney, president of Motorola Connected Home Solutions. “The acquisition of Terayon will enhance Motorola’s end-to-end portfolio for the delivery of next-generation services such as targeted advertising and program insertion solutions.”
Terayon Communication Systems CEO Jerry Chase added, “Through this proposed merger with Motorola, Terayon will be able to expand its reach and integrate our technology into a diverse set of video platforms.”
Upon completion of the transaction, Terayon will become a wholly-owned subsidiary of Motorola and will be integrated into the Motorola Connected Home Solutions business. Motorola intends to maintain Terayon’s operations in Santa Clara, CA.
