Motorola To Buy Terayon Communication Systems - InformationWeek

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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.

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