Looking to further expand its DVR and interactive video capabilities, Arris has reached an agreement to buy Digeo and its intellectual property portfolio for about $20 million. The acquisition of Digeo, which follows its purchase of EG Technology, is the latest in a string of recent moves Arris has made to enhance its multimedia service portfolio. Upon completion of the acquisition, Arris plans to integrate the intellectual property with ARRIS' internal development efforts to develop new IP-based consumer video products and services that the company says will enable subscribers to integrate and distribute personalized multimedia content through their respective homes.
Along with leveraging Digeo's intellectual property for new services and products, ARRIS plans to continue developing and marketing Digeo's DVR products, including its Moxi Cable DVR and consumer HD DVR to ensure there are no interruptions to its current customer base. In the deal, ARRIS says it will bring on about 75 employees that currently work out of Kirkland, Wash. The potential benefit for Digeo, suggests a Cable Digital News article, is that it will have a direct channel into the large cable MSO market, one that the company has struggled to penetrate.
"Several years ago we laid out a strategy to establish ARRIS as a leader in video networking," said Bob Stanzione, Arris Chairman and CEO in a release. "Our strategy includes both organic development and strategic acquisitions. The Digeo acquisition, along with our acquisition of EGT last month, has enhanced our ability to aggressively pursue end to end video delivery initiatives."
For more:
- see the release here
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