BigBand Networks

BigBand Networks
Private
Industry Digital Video
CMTS
Founded 1999, public 2007
Headquarters Redwood City, California, United States
Key people
 Amir Bassan-Eskenazi, CEO, President & Co-Founder
Ran Oz, Former CTO & Co-Founder
Revenue IncreaseUS$112M (FY 2010)[1]
DecreaseUS$-30.8M (FY 2010)[1]
DecreaseUS$-31.6M (FY 2010)[1]
Total assets DecreaseUS$181M (FY 2010)[2]
Total equity DecreaseUS$134M (FY 2010)[2]
Number of employees
 620 (July 2007)
Parent ARRIS
Website www.bigbandnet.com

BigBand Networks was a corporation headquartered in Redwood City, California, which became a division within Arris Group. BigBand manufactured and sold digital video and data processing products and services for digital video and CMTS.

Locations

BigBand's development centers were assimilated by Arris Group. The main video products are developed in Tel Aviv, Israel employing roughly 200 people. The main data and voice products development center is in Westborough, Massachusetts with roughly 175 people.[3] A third research and development office is located in Shenzhen, China.[4]

Products and technologies

The company formerly sold video, voice and data products directly to major cable multi system operators (MSOs). Amongst the company's biggest MSO clients were Comcast, Time Warner Cable, Cablevision, Cox with Verizon becoming their biggest customer in 2006.

BigBand's main products include a digital video processing platform called BMR and a cable modem termination system (CMTS) called Cuda. The video platform enables services such as Switched Video,[5] Digital Cable, Video on demand and IPTV offered on a variety of transport networks such as QAM cable, DSL and Verizon FiOS.

In 2008, BigBand received the Technology & Engineering Emmy Award for its switched video technology.[6]

Recent affairs

In 2011 the acquisition of BigBand by Arris Group was completed for $172 million, with Arris paying $53 million for the acquisition of BigBand's outstanding shares.[7]

BigBand is suing a firm started by ex-employees. The firm, called Imagine Communications, is allegedly infringing on 3 of BigBand's patents covering video processing and bandwidth management techniques.[8]

IPO and Class Action Lawsuit

BigBand went public in March 2007.[9] The offering was underwritten by Morgan Stanley, Merrill Lynch, Jeffries & Company, Cowen & Company and ThinkEquity.

In October 2007, a class-action shareholder lawsuit was filed on behalf of shareholders who purchased BigBand Networks Inc. securities in the company’s IPO on March 15, 2007.[10] The lawsuit sought to pursue remedies under the Securities Act of 1933. The complaint alleged BigBand violated the Securities Act, and that company insiders including the CEO, CFO and CTO knowingly published misleading and false statements about the company’s financial health and product offerings. In particular, the complaint alleged that BigBand materially misstated their revenues, and engaged, among other allegations, in the practice informally known as channel stuffing to artificially inflate their financials prior to IPO. The suit was settled in 2009, with BigBand agreeing to pay US$1.5 million.[11]

References

  1. 1 2 3 BigBand Networks (BBND) annual SEC income statement filing via Wikinvest.
  2. 1 2 BigBand Networks (BBND) annual SEC balance sheet filing via Wikinvest.
  3. ↑ U.S. Securities and Exchange Commission (2 August 2007). "BIGBAND NETWORKS REPORTS SECOND QUARTER 2007 FINANCIAL RESULTS". SEC.gov. Retrieved 13 December 2016.
  4. ↑ "BigBand Networks Expands Presence in China". Business Wire. 2007-03-30.
  5. ↑ "Cablevision Deploys BigBand's Switched Video". Converge Network Digest. 2007-07-24. Archived from the original on 2007-09-27.
  6. ↑ "Winners of the 59th Technology and Engineering Emmy Awards". Archived from the original on 2008-05-09. Retrieved 2011-03-28.
  7. ↑ "ARRIS Completes BigBand Acquisition". Yahoo! Finance. ZACKS. 22 November 2011. Retrieved 15 December 2011.
  8. ↑ Todd Spangler (2007-06-05). "BigBand Sues Firm Started by Ex-Employees". Multichannel News.
  9. ↑ Alan Breznick (2007-03-15). "BigBand IPO: Boing!". Cable Digital News.
  10. ↑ http://www.hbsslaw.com/BigBand.htm
  11. ↑ BRIEF-BigBand Networks says settles class action lawsuit


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