SUWANEE, Ga., April 18, 2014 /PRNewswire/ -- ARRIS
(NASDAQ: ARRS) announced it acquired Mississauga, Ontario-based SeaWell Networks
for an undisclosed amount. This acquisition comes one year after
ARRIS's significant acquisition of Motorola Mobility's Home
division.
ARRIS is integrating SeaWell's adaptive bit rate (ABR) streaming
technologies and talent into its Network & Cloud business. This
combined portfolio – of IP video, multiscreen, and ad insertion
solutions – will be the enabler for next-gen TV and advertising
services. These solutions will enhance IP video by enabling new
levels of interactivity and personalization. They also will
streamline video distribution across a variety of devices, while
minimizing the cost and complexity of multiple IP streaming
platforms for multiple device types.
"This acquisition further positions ARRIS to transform IP video
delivery…from content creation to consumption," said Bob Stanzione,
ARRIS Chairman and CEO. "ARRIS and SeaWell Networks recently
collaborated, introducing an integrated solution to monetize the
multiscreen opportunity. SeaWell's technology and talent impressed
our team, and we are excited to do more together. Combining our
solutions, technologists and roadmaps promises to accelerate the
delivery of the personalized TV and advertising solutions that
service providers need and their consumers crave."
Brian Collie, SeaWell Networks
Founder and CEO said, "This acquisition will create new
opportunities for our employees, customers and the industry. This
combination will provide the next-gen TV solutions our customers
need to more quickly and cost-effectively transition to IP and
multiscreen video."
About ARRIS
ARRIS is a global innovator in IP, video
and broadband technology. We have continually worked with our
customers to transform the experience of entertainment and
communications for millions of people across the world. The
people of ARRIS are dedicated to the success of our customers,
bringing a passion for invention that has fueled our 60-year
history: We created digital TV, delivered the first wireless
broadband gateway and are pioneering the standards and
pathways for tomorrow's personalized, Ultra HD, multiscreen, and
cloud services. We are dedicated to meeting today's challenges and
preparing for the tasks the future holds. Collaborating with
our customers, ARRIS will continue to solve the most pressing
challenges of 21st century communications. Together, we are
inventing the future. For more
information: www.arrisi.com.
For the latest ARRIS news:
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Forward-Looking Statements:
This news release contains forward looking statements. The
statements include, among others, our ability to accelerate time to
market, increasing opportunities for ARRIS, plans to optimize
SeaWell's performance, expansion of our customer base, continued
innovation, and general expectations for the acquisition.
Actual results may differ materially from those contained in any
forward looking statements. Specific factors that could cause
material differences include, among other things, potential impact
on the business of SeaWell or uncertainty regarding the
acquisition, the possible loss of SeaWell employees, the ability of
ARRIS to successfully integrate SeaWell's opportunities,
technology, personnel and operations, and the customer demand for
our products. The above listing of factors is representative
and is not intended as an all-encompassing list of factors.
For additional factors please see our respective Form 10-K for the
year ended December 31, 2013.
We disclaim any obligations to update forward looking statements,
whether as a result of new information, future events or otherwise
except as required by law.
ARRIS and the ARRIS Logo are trademarks or registered trademarks
of ARRIS Enterprises, Inc. All other trademarks are the
property of their respective owners. © ARRIS Enterprises, Inc.
2014. All rights reserved.
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