Suwanee, Georgia-based ARRIS Group has agreed to acquire BigBand Networks for $172 million. Founded in Tel Aviv in 1998, BigBand continues to maintain its R&D operations in Israel with corporate headquarters in California.
For several years, ARRIS has been interested in acquiring Israeli technology, having served as a major corporate sponsor of the AICC-organized US-Israel Broadband Business Exchanges held in Atlanta in 2005 and 2006. Previously, they partnered with Modi’in-based resolute networks on a joint venture R&D project that received a major grant from the BIRD Foundation. This transaction received recognition in 2005 as AICC’s Eagle Star “Deal of the Year”.
“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. In addition, the acquisition offers new opportunities to expand our customer base worldwide. We are delighted to welcome the BigBand employees to ARRIS,” said Bob Stanzione, ARRIS Chairman & CEO.
With the addition of BigBand’s experienced employees, 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. 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.
“The BigBand team is proud of its accomplishments over the last 12 years in developing innovative products that enable the transmission of digital television to consumers around the world. We are excited to see this legacy live on and generate broader opportunities with continued innovation in media processing as part of the world-class product and service offerings provided by the ARRIS organization,” said BigBand’s President and CEO Amir Bassan-Eskenazi.