Motorola Home, previously a subsidiary of Google Inc., has officially become ARRIS following an acquisition which closed on 17th April 2013. This combination will enable ARRIS to transform how service and content providers deliver entertainment and communications. ARRIS has paid Google approximately $2.2 billion in cash and issued Google 10.6 million shares of its common stock in connection with the transaction.
Google and Comcast now each hold around 7.7% of ARRIS's outstanding shares.
"This acquisition creates a global player in video delivery and broadband technology. We are combining the industry's top experts and technologies to create a powerful solution for the entire multiscreen delivery chain – from network infrastructure, to transport, to user experience," said Bob Stanzione, Chairman and CEO of ARRIS. "The new ARRIS has the expertise to transform the industry."
A highly skilled management team of top executives will be leading the company, meaning unrivaled experience from both sides involved. Many of the significant transformations the industry has undergone have been pioneered by these fore-runners, and they maintain deep industry expertise as well as strong customer relationships.
This content is provided by Arris, sponsors of the next generation video experiences hub.
