Type Public Key people Bruce McClelland, CEO Parent organizations Nortel, Antec | Industry Telecommunications Founded 1995 | |
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Traded as NASDAQ: ARRS
S&P 400 Component Revenue $6.829 billion USD (2015) Operating income Stock price ARRS (NASDAQ) US$ 25.95 +0.15 (+0.58%)1 Mar, 4:00 PM GMT-5 - Disclaimer CEO Robert J. Stanzione (1 Jan 2000–) Headquarters Suwanee, Georgia, United States Subsidiaries C-COR, ARRIS Solutions Inc, BigBand Networks Profiles | ||
Arris Group is an American telecommunications 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 throughout the world.
Contents
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.
Acquisitions
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%.
On February 22, 2017, Arris Group announced an agreement to acquire the Ruckus Wireless unit from Broadcom for $800 million.
Sponsorship
On August 19, 2014, Arris announced a sponsorship of NASCAR driver Carl Edwards. Carl drove the number 19 Toyota Camry in the Monster Energy NASCAR Cup Series for Joe Gibbs Racing from 2015 to 2016 until he left the sport in January 2017. Starting with the 2017 Daytona 500, Daniel Suárez will pilot the Arris-sponsored Monster Energy NASCAR Cup Series #19 Toyota Camry for Joe Gibbs Racing and possibly for vehicles in the Xfinity Series and Camping World Truck Series.