ARRIS Group
 |
|
| Public | |
| Traded as |
NASDAQ: ARRS S&P 400 Component |
| Industry | Telecommunications |
| Founded | 1995 |
| Headquarters | Suwanee, Georgia |
|
Key people
|
Bruce McClelland, CEO |
| Revenue |
 $6.829 billion USD (2015) |
|
$240.2 million USD (2015) |
|
|
$92.2 million USD (2015) |
|
| Total assets | $4,524 billion USD (2015) |
| Total equity | $1,794 million USD (2015) |
|
Number of employees
|
6,660 as of February 2015[update] |
| Parent | Nortel Networks, Antec (now known as Arris, 1995-2001) |
| Website | www |
Arris Group is an Americantelecommunications equipment manufacturing company that provides cable operators with high-speed data, video and telephony systems for homes and businesses. The company is headquartered in Suwanee, Georgia, and has design, engineering, manufacturing, distribution, service and sales office locations.
Two of the company's popular home telephony modems are the TM402P and the TM502G. The firm also produces the SBG6580 wireless cable modem-and-router (residential gateway) unit, among other telecommunications and data-transfer products.
In November, 2001, Arris announced that it would acquire the assets of Cadant Inc., a Naperville, IL-based privately held designer and manufacturer of cable modem termination systems. The acquisition was completed on January 31, 2002.
On September 23, 2007, Arris purchased C-COR.
On September 1, 2009, Arris acquired certain assets of EG Technology, Inc., (EGT), an Atlanta-based company. That same month, Arris purchased the assets of Digeo, Inc. (including Moxi), for approximately $20 million.
On October 11, 2011, Arris acquired BigBand Networks, for $172 million, or $53 million net of the estimated cash on hand at BigBand.
On December 19, 2012, Arris announced that it would acquire Motorola Mobility's home unit (the former General Instrument company) from Google for $2.35 billion in cash and stock. The acquisition was completed on April 17, 2013. With that acquisition, Arris grew its presence in the set-top box market.
On April 22, 2015, Arris Group agreed to acquire set top box manufacturer Pace plc of the United Kingdom, and completed the acquisition on Jan. 4, 2016 in a stock and cash deal that valued Pace at UKP £1.4Bn (USD $2.1Bn). The resultant combined group is incorporated in the United Kingdom, but operationally managed from Arris's location in Suwanee, Georgia, United States. Pace shareholders own 24% of the combined company, and Arris shareholders 76%.
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Wikipedia