Arris has announced that it has agreed to purchase the assets of Digeo, Inc., including its intellectual property portfolio, for a cash purchase price of approximately $20 million (€13.6 million).
The Digeo acquisition, along with the recently announced acquisition of EG Technology (EGT), provides Arris with technical expertise in video networking and an innovative multimedia services delivery platform. All these acquisitions will be combined with Arris’ internal development efforts to accelerate the introduction of next-generation IP-based consumer video products and services.
Arris said it will continue to develop and market the current line of Digeo Digital Video Recorder products, including Digeo’s Moxi Cable DVR and consumer HD DVR.
As a result of the Digeo transaction, Arris will gain approximately 75 employees located in Kirkland, Washington. The addition of the Digeo engineering team will raise the company’s research and development investment by approximately $3 million per quarter.
The transaction is expected to close early in the fourth quarter of 2009.