ARRIS agreed to purchase the assets of Digeo, including its intellectual property portfolio, for a cash purchase price of approximately $20 million. ARRIS plans to continue to develop and market the current line of Digeo Digital Video Recorder (DVR) products, including Digeo’s Moxi Cable DVR and consumer HD DVR. Approximately 75 employees in Kirkland, Washington will join ARRIS.
ARRIS said the Digeo acquisition, along with the recently announced acquisition of EG Technology (EGT), provides it with substantial technical expertise in video networking and an innovative multimedia services delivery platform. The engineering talent and intellectual property acquired as part of these transactions will be combined with ARRIS’ internal development efforts to accelerate the introduction of next-generation IP-based consumer video products and services. These new products will allow the Company’s customers to cost effectively integrate and distribute new forms of personalized multimedia content throughout the home.
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