Terayon
From Wikipedia, the free encyclopedia
| Terayon Communication Systems | |
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 |
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| Type | Public (NASDAQ: TERN) |
| Founded | Santa Clara, California |
| Headquarters | Santa Clara, California, USA |
| Industry | Video, voice, and data solutions |
| Website | www.terayon.com |
Terayon Communication Systems, Inc. is a company that vends equipment to broadband service providers for delivering broadband voice, video and data services to residential and business subscribers.
Terayon was founded in 1993 to provide cable operators with a cable data system enabling them to offer telephone-over-cable and high-speed, broadband Internet access to their subscribers. In 1999, the company initiated a strategy to expand its offerings to the telecommunication and satellite industries, but refocused its business on the cable industry in 2000.
In 2004, Terayon recentered its strategy on digital video solutions, marketing to television broadcasters, telecom carriers and satellite television providers. Terayon also decided to phase out equipment for home access, such as cable modems and home networking devices.
In April 2006, Terayon was delisted from NASDAQ due to outstanding financial reports.[1] The company was acquired by Motorola Inc. for $140 million in June 2007.[2]
[edit] References
- ^ "Nasdaq to delist Terayon on Tuesday", Silicon Valley San Jose Business Journal, April 3, 2006.
- ^ "Motorola Completes Terayon Acquisition", Associated Press, July 20, 2007.
