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COMMUNICATIONS GIANT ARRIS GROUP BUYS ISRAEL’S BIGBAND NETWORKS FOR $158 MLN

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Wednesday, November 16th, 2011

“We are delighted to welcome the BigBand employees to ARRIS.” – Bob Stanzione, ARRIS Chairman & CEO.

Communications-equipment maker Arris Group Inc. is acquiring digital-video networking company BigBand Networks Inc. for about $158.1 million in cash.

BigBand Networks, which has more than 200 customers in North America, Asia and Europe, provides broadband service providers with digital video networking solutions designed to make it easier to distribute, manage and monetize video.

ARRIS, headquartered in Suwanee, Georgia, USA, specializes in the design, engineering and supply of technology supporting triple- and quad-play broadband services for residential and business customers around the world.