Combination poised for next stage of growth in networking
SUWANEE, Georgia, Dec. 1,
2017 /PRNewswire/ -- ARRIS International plc (NASDAQ: ARRS)
has completed its acquisition of the Ruckus Wireless® and ICX®
Switch business from Broadcom Limited (NASDAQ: AVGO). With this
acquisition, ARRIS® builds on a leadership position in networking
and entertainment for service providers while expanding into new
enterprise and vertical markets.
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The deal strategically positions ARRIS for a new phase of growth
by leveraging the companies' combined technology assets to enable
next-generation wireless and wired networks. The Ruckus target
vertical markets span hospitality, education, government, service
providers, multi-dwelling / tenant units, sports / entertainment
venues, and transportation centers. Additionally, Ruckus'
trailblazing leadership in the small-cell CBRS LTE market
represents an opportunity to deploy converged Wi-Fi and LTE using
common cloud-based control and management capabilities.
Dan Rabinovitsj—previously COO of Ruckus Wireless—will lead a
new ARRIS Enterprise Networks business segment. Ruckus Networks,
an ARRIS company, will operate as a dedicated business under
Enterprise Networks. The business will focus on the delivery of
innovative, high-performance wireless and wired network
infrastructure, with a robust channel-led sales strategy.
"This combination underscores our shared vision of achieving
market leadership across wireless and wired networks in close
partnership with our valued customers and channel partners," said
Dan Rabinovitsj, President of ARRIS
Enterprise Networks. "We're very excited about the collaboration
opportunities across our product portfolios to enable connectivity
from the office to the home and to all the places in between.
Joining ARRIS means we still do what Ruckus does best, but on a
larger, global scale. I'm excited to lead the Ruckus Networks team
into our next stage of growth and innovation."
"I'm proud to welcome the 1,700 talented Ruckus Wireless and ICX
Switch Business employees into the ARRIS family," said Bruce McClelland, ARRIS CEO. "It's an important
milestone, not only for ARRIS but for our industries. Ruckus'
unmatched expertise in wireless and wired networking perfectly
complements our growth strategy of driving towards a constantly
connected, mobile future. The acquisition brings diversification to
our portfolio, building on our strength in networking and helping
us to serve new verticals. Ultimately, our combined portfolios and
scale will help our customers and partners deliver a smart, simple
connected world for billions of people."
ARRIS management will conduct a conference call at 8:00 am ET, Thursday,
December 14, 2017, to provide an update on Ruckus Networks.
You may participate in this conference call by dialing 888.655.5028
or +1.503.343.6025 for international calls prior to the start of
the call. Live internet access to the call will be available
through the following link. A replay can be accessed approximately
two hours after the call through December
21, 2017, by dialing 855.859.2056 or +1.404.537.3406 for
international calls and using the passcode 6288025. A replay also
will be made available for a period of 12 months following the
conference call on the ARRIS web site.
About ARRIS
ARRIS International plc (NASDAQ: ARRS) is
powering a smart, connected world. The company's leading hardware,
software and services transform the way that people and businesses
stay informed, entertained and connected. For more information,
visit www.arris.com.
For the latest ARRIS news:
- Check out our blog: ARRIS EVERYWHERE
- Follow us on Twitter: @ARRIS
Forward-Looking Statements
Statements made in this
report related to the acquisition of the Ruckus Business Networks,
the general market outlook and industry trends are forward-looking
statements. These statements involve risks and uncertainties that
may cause actual results to differ materially from those set forth
in these statements. Among other things, the anticipated benefits
from the Ruckus Networks acquisition may not be realized; we may
encounter significant transaction costs and unknown liabilities in
connection with the Ruckus Business Networks acquisition; our
customers operate in a capital intensive consumer-based industry,
and volatility in the capital markets or changes in customer
spending may adversely impact their ability or willingness to
purchase the products that we offer; and because the market in
which we operate is volatile, actions taken and contemplated may
not achieve the desired impact relative to changing market
conditions and the success of these strategies will be dependent on
the effective implementation of those plans while minimizing
organizational disruption
In addition to the factors set forth elsewhere in this release,
other factors that could cause results to differ from current
expectations include: the impact of rapidly changing technologies;
market trends and the adoption of industry standards. These factors
are not intended to be an all-encompassing list of risks
and uncertainties that may affect the Company's business and
results from operations. Additional information regarding these and
other factors can be found in the Company's reports filed with the
Securities and Exchange Commission, including its
Form 10-Q for the quarter ended September 30, 2017.
In providing forward-looking statements, the Company expressly
disclaims any obligation to update these statements publicly or
otherwise, whether as a result of new information, future events or
otherwise, except as required by law.
ARRIS, the ARRIS Logo, Ruckus Wireless, ICX and the
Ruckus Logo are trademarks or registered trademarks of ARRIS
International plc or its Affiliates. All other trademarks are
the property of their respective owners.
© 2017 ARRIS Enterprises LLC. All rights reserved.
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