ARRIS Acquires Assets of EG Technology, Inc.
September 01 2009 - 8:30AM
PR Newswire (US)
SUWANEE, Ga., Sept. 1 /PRNewswire-FirstCall/ -- ARRIS (NASDAQ:ARRS)
today announced that it has acquired certain assets of EG
Technology, Inc., (EGT) an Atlanta-based company. Under the terms
of the agreement, ARRIS acquired EGT patents and video processing
technology for digital networks, and will employ approximately
20-25 of the existing employees. The acquisition complements ARRIS
video offerings by adding multi-functional, flexible, and scalable
video processors to its portfolio of market leading voice, video
and data solutions. "The addition of EGT's video processing
portfolio to the ARRIS portfolio is another step in our evolution
towards addressing all of the quad play, three-screen needs of
broadband network operators," said Jim Lakin, President, ARRIS
Advanced Technology. "The primary benefits from this acquisition
will be the long term enhanced engineering and solution
capabilities the EGT product portfolio will enable. The transaction
is expected to be neutral with respect to earnings per share,
excluding amortization of intangibles associated with the
acquisition." "The EGT product line complements established ARRIS
offerings such as Video on Demand, Switched Digital Video, and Ad
Insertion. The EGT team is excited about joining ARRIS and is
looking forward to creating exciting and innovative new edge
products enriching the video experience of broadband subscribers,"
said Bill Hogan, EGT's Chief Operating Officer. The products
acquired by ARRIS will continue to be marketed under the EGT brand
name, and include the following: -- ARRIS EGT Encore Encoder --
ARRIS EGT Quartet Encoder -- ARRIS EGT VIPr Transcoder -- ARRIS
HEMi Edge Encoder About ARRIS ARRIS is a global communications
technology company specializing in the design, engineering and
supply of broadband services for residential and business customers
around the world. The company supplies broadband operators with the
tools and platforms they need to deliver reliable telephony, demand
driven video, next-generation advertising and high-speed data
services. ARRIS products expand and help grow network capacity with
access and outside plant construction equipment, reliably deliver
voice, video and data services and assure optimal service delivery
for end customers. Headquartered in Suwanee, GA, USA, ARRIS has
R&D centers in Suwanee; Chicago, IL; State College, PA;
Beaverton, OR; Wallingford, CT; Cork, Ireland; Waltham, MA; and
Shenzhen, China, and operates support and sales offices throughout
the world. Information about ARRIS products and services can be
found at http://www.arrisi.com/. DATASOURCE: ARRIS CONTACT: Alex
Swan, ARRIS Media Relations, +1-678-473-8327, ; or Jim Bauer, ARRIS
Investor Relations, +1-678-473-2647, Web Site:
http://www.arrisi.com/
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