ADTRAN Acquires SmartRG—Leading Provider of Connected Home Software Platforms & Cloud Services
December 06 2018 - 8:00AM
Business Wire
Robust portfolio and specialized industry
expertise to capitalize on growing global markets and trends
ADTRAN, Inc., (NASDAQ:ADTN), the leading provider of
next-generation open networking solutions, announced its
acquisition today of SmartRG Inc—a pacesetter and accomplished
innovator of carrier-class, open-source connected home platforms
and cloud services for broadband service providers.
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ADTRAN Acquires SmartRG (Graphic:
Business Wire)
Based in Vancouver, Washington, SmartRG brings long-standing
industry leadership and expertise in open-source software
development, as well as a comprehensive portfolio of
cloud-management, analytics, Wi-Fi-enabled residential gateways and
its SmartOS software platform. The company’s executive team and
employees will remain in place to ensure a seamless transition and
accelerated market share growth, while leveraging ADTRAN’s global
reach and resources.
“We are very excited to welcome everyone at SmartRG—a growing
and profitable enterprise—and look forward to their contributions
to our team,” ADTRAN Sr. Vice President of Technology and Strategy
Jay Wilson said. “SmartRG’s expansive customer base exemplifies its
market leadership and we are committed to a smooth transition, as
we move toward full collaboration and integration with our
award-winning Mosaic platforms.”
Together, ADTRAN Mosaic and Smart OS provide full end-to-end
management and orchestration solutions from cloud edge to
subscriber edge. Service providers understand that bandwidth must
now be delivered not only to the doorstep but down to every device
within a home to meet consumer expectations. This acquisition
emphasizes ADTRAN’s commitment to helping broadband providers lower
operating expenses and connect everyone, everywhere and
everything—the internet the way it should be.
Industry analysts forecast exponential growth in the fiber
access market, driven by greater broadband requirements for
connected homes and businesses. According to IDC’s Worldwide
Quarterly Smart Home Device Tracker, all categories of smart home
devices are expected to deliver double-digit growth through 2022.
The timing of this acquisition positions ADTRAN and SmartRG to
capitalize on two important global market trends.
“As fiber-based, virtually future-proof residential networks
become a reality and bandwidth is no longer the gating factor,
value creation will come from the ability to optimize the
subscriber experience,” SmartRG President and CEO Jeff McInnis
said. “Our ability to deliver against this need will enable ADTRAN
and SmartRG customers to lower costs, simplify and scale networks
and grow revenue by creating higher-value and lasting relationships
with their customers.”
SmartRG counts more than 3 million devices in service and over
1.3 million devices under management in North America, the
Caribbean and South America. The company expects to scale and drive
growth through its differentiated software solutions as more
customers shift from closed, proprietary options to SmartOS—its
open-source-based, cloud-enabled solution suite.
As the market has shifted toward Software-Defined Networking
(SDN), both ADTRAN and SmartRG have delivered market-defining
solutions based on open, programmable and scalable designs that
interoperate and manage other devices. The combination of ADTRAN
and SmartRG will enable broadband providers to improve subscriber
experience from the access network into any home or business. Both
companies are also philosophically aligned around the need to
design for and support third party devices to give operators
greater flexibility.
About SmartRG
SmartRG Inc. offers the best whole-home Wi-Fi service delivery
platform in its class. Its innovative technology and elegant
designs help broadband operators migrate, manage and monetize the
increasingly connected home experience while exceeding subscriber
expectations. For more information, visit SmartRG.com.
About ADTRAN
ADTRAN, Inc. is the leading global provider of networking and
communications equipment. ADTRAN’s products enable voice, data,
video and internet communications across a variety of network
infrastructures. ADTRAN solutions are currently in use by service
providers, private enterprises, government organizations and
millions of individual users worldwide. For more information,
please visit ADTRAN.com, LinkedIn and Twitter.
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version on businesswire.com: https://www.businesswire.com/news/home/20181206005431/en/
Ashley SchulteWitz Communications for
ADTRAN919-435-9112ashley@witzcommunications.com
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