SUWANEE, Ga. and REDWOOD CITY, Calif. – Cable and telecom gear maker ARRIS Group announced this week it will buy BigBand Networks for $172 million.
This acquisition “further extends ARRIS' capabilities in the processing, management and distribution of digital video content and represents an important acquisition of innovative technologies and significant R&D investments that are expected to accelerate time-to-market and increase opportunities for ARRIS in several fast growing product areas,” reads the press release.
“These include the Converged Cable Access Platform (CCAP) architecture defined by CableLabs, Local and Targeted Advertising, IP Video Distribution, and Advanced Video Processing and Compression. BigBand's valuable patent portfolio, coupled with their expertise in digital video networking will enhance ARRIS' technological leadership as service providers move to an all IP converged network architecture.”
"We are both enthusiastic and optimistic about the BigBand acquisition because it builds on our stated business strategy of growing our current businesses into a more complete portfolio including a strong video product suite and investing in the evolution towards network convergence onto an all IP platform," said Bob Stanzione, ARRIS chairman and CEO. "In addition, the acquisition offers new opportunities to expand our customer base worldwide. We are delighted to welcome the BigBand employees to ARRIS."
Arris specializes in the design, engineering and supply of technology supporting triple- and quad-play broadband services for residential and business customers around the world while BigBand Networks provides broadband service providers with digital video networking solutions designed to make it easier to move, manage and monetize video.
