ARRIS has acquired SeaWell Networks, a developer of adaptive bit rate (ABR) streaming technologies. Financial terms were not disclosed.
SeaWell is based in Mississauga, Ontario. ARRIS plans to integrated SeaWell's streaming technologies into its Network & Cloud business. This combined portfolio – of IP video, multiscreen, and ad insertion solutions – will be the enabler for next-gen TV and advertising services.
"This acquisition further positions ARRIS to transform IP video delivery…from content creation to consumption," said Bob Stanzione, ARRIS Chairman and CEO. "ARRIS and SeaWell Networks recently collaborated, introducing an integrated solution to monetize the multiscreen opportunity. SeaWell's technology and talent impressed our team, and we are excited to do more together. Combining our solutions, technologists and roadmaps promises to accelerate the delivery of the personalized TV and advertising solutions that service providers need and their consumers crave."
Brian Collie, SeaWell Networks Founder and CEO said, "This acquisition will create new opportunities for our employees, customers and the industry. This combination will provide the next-gen TV solutions our customers need to more quickly and cost-effectively transition to IP and multiscreen video."
http://www.arrisi.com
