Arris Group

ARRIS
Public
Traded as NASDAQ: ARRS
Industry Telecommunications
Founded 1995
Headquarters Suwanee, Georgia
Key people
 Robert J. Stanzione, Chairman and CEO
Revenue Increase$5.322 Billion USD (2014)
Increase$341.33 Million USD (2014)
Increase$327.21 Million USD (2014)
Total assets $1.36 Billion USD (2011)
Total equity $916.21 Million USD (2011)
Number of employees
 6,660 (FEB '15)
Website www.arris.com

ARRIS Group Inc. is an American telecommunications equipment manufacturing company that provides cable operators with high-speed data, video and telephony systems for homes and businesses. The company is headquartered in Suwanee, Georgia, and has design, engineering, manufacturing, distribution, service and sales office locations throughout the world.

Two of the company's popular home telephony modems are the TM402P and the TM502G.[1] The firm also produces the SBG6782-AC wireless cable modem-and-router (residential gateway) unit, among other telecommunications and data-transfer products.

Acquisitions

In November, 2001, Arris announced that it would acquire the assets of Cadant Inc., a Naperville, IL-based privately held designer and manufacturer of cable modem termination systems.[2] The acquisition was completed on January 31, 2002.[3]

Arris purchased C-COR in late 2007.

On September 1, 2009, Arris acquired certain assets of EG Technology, Inc., (EGT), an Atlanta-based company.[4] That same month, Arris purchased the assets of Digeo, Inc. (including Moxi), for approximately $20 million.[5]

On October 11, 2011, Arris acquired BigBand Networks, for $172 million, or $53 million net of the estimated cash on hand at BigBand.[6]

On December 19, 2012, Arris announced that it would acquire Motorola Mobility's home unit (the former General Instrument company) from Google for $2.35 billion in cash and stock.[7][8] The acquisition was completed on April 17, 2013.[9] With that acquisition, Arris grew its presence in the set-top box market.[10]

Pace acquisition

On April 22, 2015, Arris Group agreed to acquire set top box manufacturer Pace plc of the United Kingdom, in a stock and cash deal that valued Pace at £1.4Bn. The resultant combined group will be headquartered in the United Kingdom, but operationally managed from the United States. Pace shareholders will own 24% of the combined company, and Arris shareholders 76%.[11]

Sponsorship

On August 19, 2014, Arris announced a sponsorship of NASCAR driver Carl Edwards. Carl now drives the number 19 Toyota Camry in the Sprint Cup Series for Joe Gibbs Racing in 2015.[12] Additionally, Daniel Suárez pilots Arris-sponsored vehicles in the Xfinity Series and Camping World Truck Series. Carl won the Southern 500 in Arris livery meanwhile, Suarez got Rookie of the Year running the entire year with the Arris livery.

References

  1. ↑ ARRIS TM402P FAQ Videotron VoIP cable English - dslreports.com
  2. ↑ ARRIS to acquire Cadant Inc.
  3. ↑ Arris closes Cadant deal
  4. ↑ ARRIS Acquires Assets of EG Technology Inc.
  5. ↑ ARRIS Purchases Digeo, Inc. in Cash Transaction
  6. ↑ Arris Group to buy BigBand Networks for $172M
  7. ↑ ARRIS Group, Inc. (December 19, 2012). "ARRIS To Acquire Motorola Home Business For $2.35 Billion In Cash And Stock" (Press release). Thomson Reuters.
  8. ↑ Tess Stynes (December 20, 2012), "Google Sells Cable-Box Unit for $2.35 Billion", The Wall Street Journal, p. B2
  9. ↑ "ARRIS Acquires Motorola Home: Creates Premier Video Delivery and Broadband Technology Company Powerful Combination Transforms Industry, Accelerates Innovation" (Press release). April 17, 2013.
  10. ↑ Jeff Baumgartner (14 Jan 2015). "Arris Not Boxed Out Of 'Worldbox' Opportunity". multichannel.com. Retrieved 25 Jan 2015.
  11. ↑ "Pace bought by US-based Arris for £1.4bn". BBC News. 22 April 2015. Retrieved 22 April 2015.
  12. ↑ Bruce, Kenny (August 19, 2014). "Carl Edwards to join Joe Gibbs Racing in 2015: Driver will run fourth car for Joe Gibbs Racing starting in 2015; Suarez becomes full-time NNS driver for organization". NASCAR.com. Huntersville, North Carolina: NASCAR. Retrieved 20 August 2014.

http://www.motorsport.com/nascar-cup/news/it-s-official-carl-edwards-and-daniel-suarez-join-jgr/

External links

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