Arris Group
 | |
| Public | |
| Traded as | NASDAQ: ARRS |
| Industry | Telecommunications |
| Founded | 1995 |
| Headquarters | Suwanee, Georgia |
Key people | Bruce McClelland, CEO |
| Revenue |
 $5.322 billion USD (2014) |
|
$341.33 million USD (2014) | |
|
$327.21 million USD (2014) | |
| Total assets | $1.36 billion USD (2011) |
| Total equity | $916.21 million USD (2011) |
Number of employees | 6,660 as of February 2015 |
| Parent | Nortel Networks, Antec (now known as Arris, 1995-2001) |
| Website |
www |
Arris Group is an American[1] 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.[2] 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.[3] The acquisition was completed on January 31, 2002.[4]
On September 23,[5] 2007, Arris purchased C-COR.
On September 1, 2009, Arris acquired certain assets of EG Technology, Inc., (EGT), an Atlanta-based company.[6] That same month, Arris purchased the assets of Digeo, Inc. (including Moxi), for approximately $20 million.[7]
On October 11, 2011, Arris acquired BigBand Networks, for $172 million, or $53 million net of the estimated cash on hand at BigBand.[8]
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.[9][10] The acquisition was completed on April 17, 2013.[11] With that acquisition, Arris grew its presence in the set-top box market.[12]
On April 22, 2015, Arris Group agreed to acquire set top box manufacturer Pace plc of the United Kingdom, and completed the acquisition on Jan. 4, 2016 in a stock and cash deal that valued Pace at UKP £1.4Bn (USD $2.1Bn). The resultant combined group is incorporated in the United Kingdom, but operationally managed from Arris's location in Suwanee, Georgia, United States. Pace shareholders own 24% of the combined company, and Arris shareholders 76%.[13][14]
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.[15] Additionally, Daniel Suárez pilots Arris-sponsored vehicles in the Xfinity Series and Camping World Truck Series.
References
- ↑ http://www.arris.com/Company/Offices
- ↑ ARRIS TM402P FAQ Videotron VoIP cable English - dslreports.com
- ↑ ARRIS to acquire Cadant Inc.
- ↑ Arris closes Cadant deal
- ↑ Inc., ARRIS Group. "ARRIS Announces Acquisition of C-COR in Cash and Stock Transaction". www.prnewswire.com. Retrieved 2016-04-04.
- ↑ ARRIS Acquires Assets of EG Technology Inc.
- ↑ ARRIS Purchases Digeo, Inc. in Cash Transaction
- ↑ Arris Group to buy BigBand Networks for $172M
- ↑ ARRIS Group, Inc. (December 19, 2012). "ARRIS To Acquire Motorola Home Business For $2.35 Billion In Cash And Stock" (Press release). Thomson Reuters.
- ↑ Stynes, Tess (December 20, 2012), "Google Sells Cable-Box Unit for $2.35 Billion", The Wall Street Journal, p. B2
- ↑ "ARRIS Acquires Motorola Home: Creates Premier Video Delivery and Broadband Technology Company Powerful Combination Transforms Industry, Accelerates Innovation" (Press release). April 17, 2013.
- ↑ Baumgartner, Jeff (14 Jan 2015). "Arris Not Boxed Out Of 'Worldbox' Opportunity". MultiChannel.com. Retrieved 25 Jan 2015.
- ↑ "Pace bought by US-based Arris for £1.4bn". BBC News. 22 April 2015. Retrieved 22 April 2015.
- ↑ "ARRIS Completes Pace Acquisition: Combined companies to transform video and broadband delivery through broadened portfolio, global footprint, and customer base". Arris official website (press release). Arris. 4 January 2016. Retrieved 2 November 2016.
- ↑ 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.