Showing posts with label ARRIS. Show all posts
Showing posts with label ARRIS. Show all posts

Thursday, November 8, 2018

CommScope to acquire ARRIS for $7.4 billion

CommScope agreed to acquire ARRIS International (NASDAQ: ARRS) in an all-cash transaction for $31.75 per share, or a total purchase price of approximately $7.4 billion, including the repayment of debt. In addition, The Carlyle Group, a global alternative asset manager, has reestablished an ownership position in CommScope through a $1 billion minority equity investment as part of CommScope’s financing of the transaction.

ARRIS, an innovator in broadband, video and wireless technology, combines hardware, software and services to enable advanced video experiences and constant connectivity across a variety of environments – for service providers, commercial verticals, small enterprises and the people they serve. ARRIS has strong leadership positions in the three segments in which it operates:

  • Customer Premises Equipment (CPE), featuring access devices such as broadband modems, gateways and routers and video set-tops and gateways;
  • Network & Cloud (N&C), combining broadband and video infrastructure with cloud-based software solutions; and
  • Enterprise Networks, incorporating the recently acquired Ruckus Wireless and ICX Switch businesses, and focusing on wireless and wired connectivity, including Citizens Broadband Radio Service solutions.
  • For the 12 months ended September 30, 2018, ARRIS generated revenues of approximately $6.7 billion, consisting of $3.9 billion from CPE, $2.2 billion from N&C and $568 million from Enterprise Networks (reflecting only a partial year of Ruckus since its acquisition in December 2017). 
The combination of CommScope and ARRIS, on a pro forma basis, would create a company with approximately $11.3 billion in revenue and adjusted EBITDA (earnings before interest, taxes, depreciation and amortization) of approximately $1.8 billion, based on results for the two companies for the 12 months ended September 30, 2018.

CommScope said the combined company will drive profitable growth in new markets, shape the future of wired and wireless communications, and position the new company to benefit from key industry trends, including network convergence, fiber and mobility everywhere, 5G, Internet of Things and rapidly changing network and technology architectures.



“After a comprehensive evaluation of our business and the evolving industry we operate in, we are confident that combining with ARRIS is the best path forward for CommScope to grow and provide the greatest returns for shareholders,” said Eddie Edwards, president and chief executive officer, CommScope. “CommScope and ARRIS will bring together a unique set of complementary assets and capabilities that enable end-to-end wired and wireless communications infrastructure solutions that neither company could otherwise achieve on its own. With ARRIS, we will access new and growing markets, and have greater technology, solutions and employee talent that will provide additional value and benefit to our customers and partners.

Separately, CommScope reported 3Q18 sales of $1.15 billion, up 2% year over year. GAAP operating income was $132 million and non-GAAP adjusted operating income (excluding special items) was $219 million.

Sales increased 2 percent year over year as growth in the North America and the Europe, Middle East and Africa (EMEA) regions more than offset lower sales in the Asia-Pacific region. Double-digit Outdoor Network Solutions growth, was partially offset by a decline in Indoor Copper. Foreign exchange rate changes unfavorably impacted net sales by approximately 2 percent.

“During the quarter, we took action to ensure CommScope successfully navigates a dynamic and challenging market environment,” said President and Chief Executive Officer Eddie Edwards. “While we expect headwinds to continue as certain North American service providers spend more conservatively over the near term, we are confident that with ARRIS we will be better positioned for the advent of 5G and fixed wireless access.”

ARRIS completes acquisition of Ruckus Wireless

ARRIS completed its previously-announced acquisition of the Ruckus Wireless and ICX Switch business from Broadcom.

When the deal was first announced in February 2017 the announced price was $800 million in cash, plus the additional cost of unvested employee stock awards, following the closing of Broadcom's acquisition of Brocade.

Ruckus Networks will operate as a dedicated business under Enterprise Networks. Its target vertical markets span hospitality, education, government, service providers, multi-dwelling / tenant units, sports / entertainment venues, and transportation centers. ARRIS said another opportunity for Ruckus is the small-cell CBRS LTE market.

Dan Rabinovitsj—previously COO of Ruckus Wireless—will lead a new ARRIS Enterprise Networks business segment.

The business will focus on the delivery of innovative, high-performance wireless and wired network infrastructure, with a robust channel-led sales strategy.

Tuesday, August 7, 2018

Australia's NBN Co implements ARRIS DOCSIS 3.1

Australia's NBN Co has begun rolling out ARRIS's technology solutions for its nationwide launch of DOCSIS 3.1, which aims to bring gigabit-class broadband over the upgraded HFC network to three million premises in major Australian cities by 2020. Financial terms were not disclosed.

ARRIS technology powering the network includes:

  • E6000 Gen 2 Platform – the world's most widely deployed CCAP platform
  • OM4100 OptiMax – 4x4 segmentable nodes – scalable and upgradeable optical modules that extend the edges of the fiber network without requiring additional infrastructure at the plant
  • ServAssure NXT management platform – the system that provides visibility across the entire service environment to anticipate and resolve issues before they impact the consumer experience
  • ARRIS CM8200B – DOCSIS 3.1 cable modems
  • Global Services – supporting the planning, designing, implementation and operation of the network and business processes

"NBN Co has worked hard on the introduction of DOCSIS 3.1 onto the HFC network and we are very proud to be able to launch the technology onto the network with our HFC technology partner ARRIS," said Ray Owen, Chief Technology Officer at NBN Co. "This is another example of NBN Co using world-leading technology to deliver a better experience for Australians on the nbn broadband access network. DOCSIS 3.1 will not only double the capacity of the NBN Co HFC network, but it will also help us deliver a more stable and resilient service for end-users with the advanced technologies that it uses."

Sunday, December 3, 2017

ARRIS completes acquisition of Ruckus Wireless

ARRIS completed its previously-announced acquisition of the Ruckus Wireless and ICX Switch business from Broadcom.

When the deal was first announced in February 2017 the announced price was $800 million in cash, plus the additional cost of unvested employee stock awards, following the closing of Broadcom's acquisition of Brocade.

Ruckus Networks will operate as a dedicated business under Enterprise Networks. Its target vertical markets span hospitality, education, government, service providers, multi-dwelling / tenant units, sports / entertainment venues, and transportation centers. ARRIS said another opportunity for Ruckus is the small-cell CBRS LTE market.

Dan Rabinovitsj—previously COO of Ruckus Wireless—will lead a new ARRIS Enterprise Networks business segment.

The business will focus on the delivery of innovative, high-performance wireless and wired network infrastructure, with a robust channel-led sales strategy.

"This combination underscores our shared vision of achieving market leadership across wireless and wired networks in close partnership with our valued customers and channel partners," said Dan Rabinovitsj, President of ARRIS Enterprise Networks. "We're very excited about the collaboration opportunities across our product portfolios to enable connectivity from the office to the home and to all the places in between. Joining ARRIS means we still do what Ruckus does best, but on a larger, global scale. I'm excited to lead the Ruckus Networks team into our next stage of growth and innovation."

"I'm proud to welcome the 1,700 talented Ruckus Wireless and ICX Switch Business employees into the ARRIS family," said Bruce McClelland, ARRIS CEO. "It's an important milestone, not only for ARRIS but for our industries. Ruckus' unmatched expertise in wireless and wired networking perfectly complements our growth strategy of driving towards a constantly connected, mobile future. The acquisition brings diversification to our portfolio, building on our strength in networking and helping us to serve new verticals. Ultimately, our combined portfolios and scale will help our customers and partners deliver a smart, simple connected world for billions of people."

Broadcom completes Brocade acquisition - one year since bid


Broadcom completed its acquisition of Brocade Communications Systems. Brocade will operate as an indirect subsidiary of Broadcom and will be led by Jack Rondoni as General Manager. Previously, Rondoni served as Senior Vice President of Storage Networking at Brocade, having joined the company in 2006. "We are pleased to complete this transaction, which strengthens Broadcom's position as a leading provider of enterprise storage and networking solutions...







ARRIS to Acquire Ruckus Wireless and ICX Switch Business for $800M from Brocade

ARRIS agreed to acquire Brocade Communication Systems' Ruckus Wireless and ICX Switch business for $800 million in cash, plus the additional cost of unvested employee stock awards, following the closing of Broadcom's acquisition of Brocade.

ARRIS expects the acquisition to be accretive to its Non-GAAP earnings per share in the first 12 months. The deal is contingent on Broadcom closing its acquisition of Brocade, previously announced on November 2, 2016 and approved by Brocade shareholders on January 26, 2017. Broadcom presently expects to close the Brocade acquisition in its third fiscal quarter ending July 30, 2017.

Brocade to Acquire Ruckus Wireless for $1.5 Billion


Brocade agreed to acquire Ruckus Wireless in a deal valued at approximately $1.5 billion, consisting of $6.45 in cash and 0.75 shares of Brocade common stock for each share of Ruckus common stock. Ruckus' wireless products add to Brocade's enterprise portfolio and will also significantly strengthen Brocade's strategic presence in the broader service provider space. Ruckus has over $370 million in annual revenue and over 1,000 employees w

Monday, June 5, 2017

Danish ISP Stofa and DOCOMO Pacific select ARRIS

ARRIS, a global supplier of communications and entertainment solutions, announced that Danish TV and Internet service provider Stofa has selected the company to transform its cable broadband network to enable gigabit broadband speeds and introduce new, enhanced services including future ultra HD TV channels, streaming and digital services.

The strategic collaboration between Stofa and ARRIS centres on a technology migration across Stofa's sites in Denmark. For the project ARRIS is delivering a new headend-to-home network solution based on DOCSIS 3.1 technology and a distributed architecture designed to increase network capacity, allow operational efficiencies and deliver faster connectivity and next-generation services to subscribers.

The ARRIS solution specifically includes its latest generation E6000 Converged Edge Router and NC2000 nodes with RemotePHY (R-PHY) modules to enable support for DOCSIS 3.1. In addition, performance management is supported by ARRIS ServAssure suite, enabling Stofa to monitor the network in real time, optimise performance and prevent or resolve outages.

Stofa, part of the SE Group, an energy and telecoms group providing electricity, energy optimisation, broadband fibre and cable TV services to more than 700,000 consumers.

Separately, DOCOMO PACIFIC, a subsidiary of Japan's NTT DOCOMO, announced it is partnering with ARRIS International for a program to offer an advanced whole home TV service that will feature live, on demand and streaming capabilities for customers in Guam and the Mariana Islands.
DOCOMO PACIFIC has selected ARRIS' MG1 video gateway to enable the new services. The MG1 solution is designed to allow subscribers to stream the same content to multiple IP devices as well as the main TV, while DVR functionality enables recording and playback at home and on the go.

The operator will also deploy ARRIS' E6000 Converged Edge Router to deliver its newly launched 100 Mbit/s high-speed broadband service and establish an upgrade path to offering gigabit speeds.


DOCOMO PACIFIC provides TV, online, mobile, phone and enterprise solutions in Guam and the Marianas. The company provides services to over 70 million mobile customers in Japan.

Wednesday, February 22, 2017

ARRIS to Acquire Ruckus Wireless and ICX Switch Business for $800M from Brocade

ARRIS agreed to acquire Brocade Communication Systems' Ruckus Wireless and ICX Switch business for $800 million in cash, plus the additional cost of unvested employee stock awards, following the closing of Broadcom's acquisition of Brocade.

ARRIS expects the acquisition to be accretive to its Non-GAAP earnings per share in the first 12 months. The deal is contingent on Broadcom closing its acquisition of Brocade, previously announced on November 2, 2016 and approved by Brocade shareholders on January 26, 2017. Broadcom presently expects to close the Brocade acquisition in its third fiscal quarter ending July 30, 2017.

ARRIS said the deal expands its leadership in converged wired and wireless networking technologies beyond the home into the education, public venue, enterprise, hospitality, and MDU segments.  ARRIS plans to establish a dedicated business unit within the company focused on innovative wireless networking and wired switching technology to address evolving and emerging needs across a number of vertical markets. The business unit will be led by current Ruckus COO, Dan Rabinovitsj.

"We are building upon our successful history of making investments that significantly grow our business and create value for our customers, employees, shareholders and partners," said Bruce McClelland, ARRIS CEO. "Driven by ever-growing demand for high-speed, reliable, and effortless connectivity, service providers and enterprises will continually invest in their wired and wireless networks. The next five years will see exciting changes as every service provider will become a wireless operator of some fashion. Enterprises and venues will upgrade their broadband networks to provide new innovative value-added services and faster, more seamless internet access."

"We have a history of partnering with Ruckus and the talented employees that created this powerful brand and platform. We are excited to welcome about 1,600 new employees and an extensive network of enterprise channel partners to the ARRIS family," added McClelland.

http://ir.arris.com/phoenix.zhtml?c=87823&p=irol-newsArticle&ID=2248392

Brocade to Acquire Ruckus Wireless for $1.5 Billion


Brocade agreed to acquire Ruckus Wireless in a deal valued at approximately $1.5 billion, consisting of $6.45 in cash and 0.75 shares of Brocade common stock for each share of Ruckus common stock. Ruckus' wireless products add to Brocade's enterprise portfolio and will also significantly strengthen Brocade's strategic presence in the broader service provider space. Ruckus has over $370 million in annual revenue and over 1,000 employees w

Monday, January 4, 2016

ARRIS Completes Acquisition of Pace

ARRIS International plc completed its previously announced $2.1B (£1.4B) acquisition of Pace plc.

In addition to CPE, the combination further establishes ARRIS as a global leader in HFC/Optics, complementing its established CMTS leadership position.

"ARRIS is investing in our industry's next stage of growth. This acquisition enables us to scale our leadership and innovation to transform global entertainment and communications for millions of people," said Bob Stanzione, Chairman and CEO of ARRIS. "Our combined organization unites two of the strongest leadership and engineering teams in the industry—giving us the scale, expertise, and technology to make ARRIS, more than ever before, the partner of choice for the world's leading service providers. Together with our customers, we're creating a world of connected, personalized entertainment and communications that blend seamlessly into our everyday lives."

http://www.arris.com


ARRIS to Acquire Pace for $2.1 Billion

ARRIS Group agreed to acquire Pace plc., a supplier of networking equipment for cable operators, for US$2.1 billion (£1.4 billion) is stock and cash.

Under the agreed upon terms, Pace shareholders will receive £1.325 of cash and a fixed exchange ratio of 0.1455 New ARRIS shares for each Pace share, reflecting aggregate consideration as of April 21, 2015 of £4.265 per share, representing a 28% premium to the Pace closing share price as of April 21, 2015.

The transaction will result in the formation of New ARRIS, which will be incorporated in the U.K., and its operational and worldwide headquarters will be in Suwanee, GA USA. New ARRIS is expected to be listed on the NASDAQ stock exchange under the ticker ARRS. In connection with the formation of New ARRIS each current share of ARRIS will be exchanged for one share in New ARRIS.

Monday, May 4, 2015

ARRIS Debuts Service Provider Wi-Fi Platform

ARRIS introduced a new Service Provider Wi-Fi solution for extending residential Wi-Fi services outside the home with a centrally managed, coordinated service.

ARRIS's Service Provider Wi-Fi Systems Design and Integration combines key service components— Authentication Authorization and Accounting (AAA), policy enforcement, web portals, wireless access gateways, radio resource management, access point controllers, and access points—for delivering a single, unified customer experience regardless of device, location or transport technology.

The company said it is able to fit into operators' delivery network and back-office systems as a result of its integration with Aptilo Networks, Benu Networks and Ruckus Wireless. The combined platform leverages Aptilo's service management platform, Benu's wireless access gateway, and Ruckus carrier-class, Smart Wi-Fi access points and control systems to provide a scalable, global platform for new Wi-Fi service delivery.

The Aptilo Service Management Platform centralizes user authentication, billing, policy enforcement, and captive portals to the operator's cloud, supporting a wide range of Wi-Fi business models. Benu's wireless access gateway enables seamless mobility between access networks, terminating tunnels from Wi-Fi access points and providing a consistent user experience across the network. Ruckus ZoneFlex access points as well as their SmartCell™ Gateway (SCG) and virtual SCG (vSCG) carrier scale WLAN controllers provide carrier-class Wi-Fi access plus self-organizing and self-optimizing capabilities, and are available in a broad range of indoor and outdoor models, including wall-plate units designed specifically for the MDU and hospitality sectors.

"ARRIS is inventing the future of broadband by meeting service providers' needs today, while anticipating how they will evolve," said Dan Whalen, Senior Vice President and General Manager, Global Services, ARRIS. "Wi-Fi, as a service, is crossing over into the carrier space, and we're committed to keeping each of our customers ahead of the curve. We partnered with Aptilo, Benu, and Ruckus to deliver a new Service Provider Wi-Fi solution that provides a scalable and customizable solution that can evolve with the changing landscape."

http://www.arris.com

Wednesday, April 22, 2015

ARRIS to Acquire Pace for $2.1 Billion

ARRIS Group agree to acquire Pace plc., a supplier of networking equipment for cable operators, for US$2.1 billion (£1.4 billion) is stock and cash.

Under the agreed upon terms, Pace shareholders will receive £1.325 of cash and a fixed exchange ratio of 0.1455 New ARRIS shares for each Pace share, reflecting aggregate consideration as of April 21, 2015 of £4.265 per share, representing a 28% premium to the Pace closing share price as of April 21, 2015.

The transaction will result in the formation of New ARRIS, which will be incorporated in the U.K., and its operational and worldwide headquarters will be in Suwanee, GA USA. New ARRIS is expected to be listed on the NASDAQ stock exchange under the ticker ARRS. In connection with the formation of New ARRIS each current share of ARRIS will be exchanged for one share in New ARRIS.

"This transaction is another example of ARRIS's ongoing strategy of investing in the right opportunities to position our company for growth. Adding Pace's talent, products and diverse customer base will provide ARRIS with a large scale entry into the satellite segment, broaden our portfolio and expand our global presence. We expect this merger will enable ARRIS to increase its speed of innovation. We believe this is a tremendous opportunity for ARRIS and our customers, employees, shareholders and partners around the world as we collaborate to invent the future," said Bob Stanzione. "We look forward to working with the talented and accomplished team at Pace."

"Pace plc is a great company with a strong track record of pioneering innovation and excellent customer service. Through a combination of organic development and acquisitions, Pace has grown to be a leading technology solutions provider to the PayTV and Broadband industries serving cable, satellite and telco customers across the globe. Over the last three years, Mike Pulli and the wider Pace team have successfully executed against our strategic plan to develop Pace into a more distinctive, profitable and cash generative company, creating significant value for shareholders.

http://www.pace.com/global/#
http://www.arris.com/

Tuesday, April 14, 2015

ARRIS and Charter to Acquire ActiveVideo for CloudTV Platform

ARRIS and Charter Communications have set-up  a joint venture that has agreed to acquire ActiveVideo for approximately $135 million.

ARRIS will own 65% of the joint venture company and will be the sales channel for ActiveVideo's CloudTV platform.

ActiveVideo's CloudTV is a cloud-based software platform that enables service providers, content aggregators, and consumer electronic (CE) manufacturers to rapidly deploy new services by virtualizing consumer premises equipment (CPE) functions. ActiveVideo is based in San Jose, California.

CloudTV enables the delivery of next-gen user interfaces, online content, and interactive advertising for TV to millions of set-tops and connected devices. ActiveVideo's CloudTV platform and proven intellectual property (39 issued patents and 64 pending) will complement ARRIS's cloud portfolio. ARRIS's service provider relationships, global reach and installed base of CPE are expected to accelerate adoption of ActiveVideo's technology.

ActiveVideo's platform powers Charter's new fully featured, cloud-based Spectrum Guide. Charter expects to launch Spectrum Guide on Worldbox, as well as on legacy boxes currently deployed within the Charter footprint. ActiveVideo's global base of customers includes: Cablevision, Liberty Global, Deutsche Telekom, Time Warner Cable, J:COM, Philips, and Roku.

"This joint venture signifies ARRIS's continued investment in advanced software solutions that will create value across the entire video ecosystem," said Bob Stanzione, ARRIS Chairman and CEO. "We look forward to the untold opportunities our extended partnership with Charter will spawn as we march together into the future. ARRIS and Charter are paving the way for an all IP network migration and enabling the software-defined TV experience that will deliver the unified, next-gen content experiences that today's consumers demand."

"ActiveVideo's CloudTV platform is one of the enabling technologies behind Spectrum Guide. We have worked very closely with ActiveVideo on the development of this technology, and now, as a 35% shareholder, are uniquely positioned to support the continued innovation and marketplace adoption of ActiveVideo's solutions," said Tom Rutledge, President and CEO of Charter Communications. "Today's announcement extends Charter's long-standing relationship with ARRIS, who continues to be a key provider of both infrastructure and consumer premises equipment. We are excited to be partnering with them on this acquisition and to be continuing our collaboration on next-generation platforms."

http://www.arris.com
http://www.activevideo.com/

Sunday, February 22, 2015

NBN Co Selects ARRIS for New Australian HFC network

NBN Co has selected ARRIS to build a next-generation Hybrid Fiber-Coaxial (HFC) network for Australia's broadband network. Financial terms were not disclosed.

NBN Co expects that using HFC technology will yield significant cost savings for Australian tax-payers over its previous FTTH network design.

ARRIS said its platform will allow NBN Co to enhance and manage its cable access network while providing a roadmap for possible future migration to DOCSIS 3.1 architecture. The initiative involves its flagship E6000TM CER (Converged Edge Router) along with a number of additional ARRIS product lines, including: ARRIS Access Technologies and Supplies (ATS) products (CORWave forward path transmitters and OM4100 optical receivers) and Assurance solutions for service assurance. Additionally, ARRIS's Global Services was selected for the full deployment and network integration of this national broadband service. In addition, ARRIS Global Services group will assist NBN Co in managing and supporting its network and customers.

NBN Co CTO, Dennis Steiger, said: "An HFC network represents the fastest and most cost-effective way to deliver it to consumers and businesses in the existing HFC network areas. Our goal is to achieve high-speed broadband as quickly possible, with an eye on future technologies that will secure our place as a global technology leader." Steiger continued: "Significant investments are being made in HFC broadband technology on a global scale, and we are committed to ensuring that Australia is at the forefront of this movement."

Bruce McClelland, President of Network & Cloud and Global Services at ARRIS added: "ARRIS is honored to be selected by NBN Co for this exciting project and whole-heartedly endorses the use of HFC technology to proliferate Broadband across Australia. The ARRIS portfolio of Products and Services are at the heart of many Broadband networks around the world, and we look forward to expanding our presence in the Asia Pacific region. We are delighted to be working with NBN Co at such an important stage in this initiative."

http://ir.arrisi.com/phoenix.zhtml?c=87823&p=irol-newsArticle&ID=2018745


In December 2014, Australia's NBN Co announced a new national rollout plan for the National Broadband Network (NBN) based on a multi-technology access strategy, including fiber to the premise (FTTP), fiber to the node (FTTN), wireless and upgraded HFC. 

Areas where NBN FTTP has been deployed or is in advanced stages of being built will likely remain part of the FTTP rollout, while areas served by the Optus or Telstra Hybrid Fibre Coaxial (HFC) cable networks will likely receive fast broadband over an upgraded HFC network.

The plan covers the next 1.9 million homes and businesses by mid-2016 across more than 400 cities, suburbs and towns, on the path to achieving 8 million connections to the NBN by 2020.

Saturday, April 19, 2014

ARRIS Acquires SeaWell for ABR Streaming Technology

ARRIS has acquired SeaWell Networks, a developer of adaptive bit rate (ABR) streaming technologies.  Financial terms were not disclosed.

SeaWell is based in Mississauga, Ontario.  ARRIS plans to integrated SeaWell's streaming technologies into its Network & Cloud business. This combined portfolio – of IP video, multiscreen, and ad insertion solutions – will be the enabler for next-gen TV and advertising services.

"This acquisition further positions ARRIS to transform IP video delivery…from content creation to consumption," said Bob Stanzione, ARRIS Chairman and CEO. "ARRIS and SeaWell Networks recently collaborated, introducing an integrated solution to monetize the multiscreen opportunity. SeaWell's technology and talent impressed our team, and we are excited to do more together. Combining our solutions, technologists and roadmaps promises to accelerate the delivery of the personalized TV and advertising solutions that service providers need and their consumers crave."

Brian Collie, SeaWell Networks Founder and CEO said, "This acquisition will create new opportunities for our employees, customers and the industry. This combination will provide the next-gen TV solutions our customers need to more quickly and cost-effectively transition to IP and multiscreen video."

http://www.arrisi.com

Wednesday, October 30, 2013

ARRIS Sees Strong Q3

ARRIS reported Q3 revenue of $1,067.8 million and GAAP net income in the third quarter 2013 was $0.13 per diluted share.  The company ended the third quarter 2013 with $695.0 million of cash resources.

"I am very pleased with our third quarter results and our outlook for the balance of the year.  Our customers continue to react positively to our Motorola Home acquisition and we are making good progress in delivering new products to our customers," said Bob Stanzione, ARRIS Chairman and CEO.

http://www.arrisi.com/

Wednesday, August 7, 2013

Arris Completes Motorola Home Acquisition

Arris completed its previously announced acquisition of Motorola Home.

Arris also announced Q2 revenue of $1,000.4 million.  The company estimates that prior to the close of the acquisition, Motorola Home recorded approximately $66 million of revenue in the second quarter.

GAAP net loss in the second quarter 2013 was $(0.37) per diluted share, as compared to second quarter 2012 GAAP net income of $0.13 per diluted share and first quarter 2013 GAAP net loss of $(0.13) per diluted share. Year to date, GAAP net loss was $(0.52) per diluted share in 2013 as compared to GAAP net income of $0.18 per diluted share in 2012.  A reconciliation of adjusted net income to GAAP net income per diluted share is attached to this release and also can be found on the Company's website (www.arrisi.com).

"I am very pleased with our second quarter and first half results. The industry continues to react positively to our Motorola Home acquisition.  Our integration plans are well on their way and ahead of schedule," said Bob Stanzione, ARRIS Chairman and CEO.  "I am encouraged by the progress we are making in delivering new products to our customers and by an improving business climate."

http://www.arrisi.com



Wednesday, July 17, 2013

ARRIS Releases E6000 Converged Edge Router

ARRIS announced the commercial release of its new E6000 Converged Edge Router (CER), which continues the legacy of the company's widely deployed C4® Cable Modem Termination System (CMTS).

The ARRIS E6000 CER delivers new levels of density with the an integrated architecture that has the capability to realize the vision of CCAP — the convergence of high-speed data, voice, and MPEG video service delivery from a single F connector.

"We're excited to declare the General Availability of the E6000 CER," said Bruce McClelland, President, Network & Cloud Global Services, ARRIS. "Operators today are benefitting from the unrivaled efficiencies of the E6000 CER – in rack space, power consumption, cooling, advanced services and new applications."

"The E6000 CER software is based on that of the C4 CMTS, which enables seamless deployments," said McClelland, "Cable operators who deploy IPv6 with the E6000 will benefit from years of operational IPv6 experience gained with the C4 CMTS and from an unprecedented level of service group and channel density, both upstream and downstream."

Wednesday, December 19, 2012

ARRIS to Acquire Motorola Home from Google for $2.35 B

Google will sell its Motorola Home Business to ARRIS for $2.35 billion in cash and stock.

Motorola Home is a leading global supplier of digital video and IPTV hardware and
software solutions for the cable, telecom, broadcast & satellite markets.  The Motorola Home division, which is based in Horsham, PA, had revenues of approximately $3.4 billion over the past 4 quarters and about 5,000 employees. The company is profitable.

ARRIS reported revenue of approximately $1.3 billion over the past 4 quarters.  It has approximately 2,100 employees and is based in Suwanee, Georgia.

For ARRIS, the acquisition effectively triples its overall revenue, brings an enhanced product portfolio, a larger customer base, and strengthened relationships with cable operators and broadband service providers worldwide. The deal also includes the transfer of certain Motorola patents related to the business.

For Google, the deal helps it dispose of some of the assets of Motorola Mobility, which it acquired last year for about $12.5 billion.  That acquisition also included approximately 24,500 patents and patent applications from Motorola, along with the Motorola mobile handset business.

The acquisition will be on a cash-free, debt-free basis. Google will receive $2.05 billion in cash and approximately $300 million in newly issued ARRIS shares.

“This transformational combination of two complementary businesses will create a leading end-to-end provider of today’s video, data and voice products and tomorrow’s next-generation IP-based broadband products,” said Bob Stanzione, Chairman and CEO of ARRIS.  “Ever-expanding consumer demand for bandwidth will continue to drive growth across cloud and network technologies we provide that enable innovative home entertainment products and services.”

http://www.arrisi.com
http://www.google.com


See also