Motorola To Buy Terayon Communication Systems - InformationWeek

InformationWeek is part of the Informa Tech Division of Informa PLC

This site is operated by a business or businesses owned by Informa PLC and all copyright resides with them.Informa PLC's registered office is 5 Howick Place, London SW1P 1WG. Registered in England and Wales. Number 8860726.

IoT
IoT
Software // Enterprise Applications

Motorola To Buy Terayon Communication Systems

Terayon equipment is used in optimizing bandwidth in distributing digital video, and in enabling content to be delivered based on the regional and local interests of viewers.

Motorola on Monday said it has agreed to acquire Terayon Communication Systems, a digital-video equipment maker, for $140 million in cash.

Under the agreement, Motorola would pay Terayon stockholders $1.80 per share. The deal, which requires stockholder approval, is expected to be completed in the second or third quarter.

Motorola plans to operate Terayon as a wholly owned subsidiary. The company would continue to operate out of its Santa Clara, Calif., headquarters, and would become a part of Motorola's Connected Home Solutions business.

Terayon equipment is used in optimizing bandwidth in distributing digital video, and in enabling content to be delivered based on the regional and local interests of viewers. Motorola plans on using the technology in products that enable digital-ad insertion, motion and graphical overlays, and channel branding.

Last year, Terayon had $76.4 million in revenue, and reported a net loss for the year of $3.8 million. "Through this proposed merger with Motorola, Terayon will be able to expand its reach and integrate our technology into a diverse set of video platforms," Jerry Chase, chief executive of Terayon, said in a statement.

We welcome your comments on this topic on our social media channels, or [contact us directly] with questions about the site.
Comment  | 
Print  | 
More Insights
InformationWeek Is Getting an Upgrade!

Find out more about our plans to improve the look, functionality, and performance of the InformationWeek site in the coming months.

News
Becoming a Self-Taught Cybersecurity Pro
Jessica Davis, Senior Editor, Enterprise Apps,  6/9/2021
News
Ancestry's DevOps Strategy to Control Its CI/CD Pipeline
Joao-Pierre S. Ruth, Senior Writer,  6/4/2021
Slideshows
IT Leadership: 10 Ways to Unleash Enterprise Innovation
Lisa Morgan, Freelance Writer,  6/8/2021
White Papers
Register for InformationWeek Newsletters
Video
Current Issue
Planning Your Digital Transformation Roadmap
Download this report to learn about the latest technologies and best practices or ensuring a successful transition from outdated business transformation tactics.
Slideshows
Flash Poll