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ARRIS to Purchase Digeo
Thursday, September 24, 2009 10:52 AM


(Source: Datamonitor)trackingARRIS Group, a communications technology company, has agreed to purchase the assets of Digeo, including its intellectual property portfolio, for a cash purchase price of approximately $20 million.

The Digeo acquisition, along with the recently announced acquisition of EG Technology (EGT), provides ARRIS with substantial technical expertise in video networking and an innovative multimedia services delivery platform. The engineering talent and intellectual property acquired as part of these transactions will be combined with ARRIS's internal development efforts to accelerate the introduction of next-generation IP-based consumer video products and services.

ARRIS will continue to develop and market the current line of Digeo digital video recorder (DVR) products, including Digeo's Moxi Cable DVR and consumer HD DVR with its Emmy user interface. Moxi customers will continue to uninterrupted service and updates. The transaction is expected to close early in the fourth quarter of 2009.

Bob Stanzione, chairman and CEO of ARRIS, said: "Several years ago we laid out a strategy to establish ARRIS as a leader in video networking. Our strategy includes both organic development and strategic acquisitions. The Digeo acquisition, along with our acquisition of EGT last month, has enhanced our ability to aggressively pursue end to end video delivery initiatives."

A service of YellowBrix, Inc.



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