BigBand Networks: Difference between revisions
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==Recent affairs== |
==Recent affairs== |
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BigBand went public in March 2007.<ref>{{cite news| url=http://www.lightreading.com/document.asp?doc_id=119597&site=cdn| title=BigBand IPO: Boing!| author= Alan Breznick| publisher=Cable Digital News| date=2007-03-15}}</ref> The offering was underwritten by [[Morgan Stanley]], [[Merrill Lynch]], Jeffries & Company, Cowen & Company and [[ThinkEquity]].<ref>{{cite web| url=http://phx.corporate-ir.net/phoenix.zhtml?c=200598&p=irol-faq#31777| |
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title=BigBand FAQ| publisher=BBND}}</ref> |
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In 2011 the acquisition of BigBand by [[Arris Group|ARRIS]] was completed for $172 million, with ARRIS paying $53 million for the acquisition of BigBand's outstanding shares.<ref>{{cite news|title=ARRIS Completes BigBand Acquisition|url=http://finance.yahoo.com/news/Arris-Completes-BigBand-zacks-2255026094.html|accessdate=15 December 2011|newspaper=[[Yahoo! Finance]]|date=22 November 2011|agency=ZACKS}}</ref> |
In 2011 the acquisition of BigBand by [[Arris Group|ARRIS]] was completed for $172 million, with ARRIS paying $53 million for the acquisition of BigBand's outstanding shares.<ref>{{cite news|title=ARRIS Completes BigBand Acquisition|url=http://finance.yahoo.com/news/Arris-Completes-BigBand-zacks-2255026094.html|accessdate=15 December 2011|newspaper=[[Yahoo! Finance]]|date=22 November 2011|agency=ZACKS}}</ref> |
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Revision as of 09:51, 23 February 2013
| Company type | Private |
|---|---|
| Industrie | Digital Video CMTS |
| Gegründet | 1999, public 2007 |
| Hauptsitz | , |
Key people | Amir Bassan-Eskenazi, CEO, President & Co-Founder Ran Oz, Former CTO & Co-Founder |
| Revenue |  US$112M (FY 2010)[1] |
 US$-30.8M (FY 2010)[1] | |
| US$-31.6M (FY 2010)[1] | |
| Total assets | US$181M (FY 2010)[2] |
| Total equity | US$134M (FY 2010)[2] |
Number of employees | 620 (July 2007) |
| Parent | ARRIS |
| Website | www.bigbandnet.com |
BigBand Networks, or BigBand, was a multinational corporation headquartered in Redwood City, California, United States, and is currently a division within ARRIS Group. BigBand manufactured and sold digital video and data processing platforms and solutions in areas ranging from digital video to CMTS.
Standorte
BigBand's 3 major development centers have been assimilated by ARRIS Group. The main video products are developed at the development center in Tel Aviv, Israel employing roughly 200 people. The main data and voice products development center is located in Westborough, Massachusetts with roughly 175 people.[4] A third research and development office is located in Shenzhen, China.[5]
Products and technologies
The company formerly sold video, voice and data solutions directly to major cable Multi-System Operators MSOs. Amongst the company's biggest MSO clients were Comcast, Time Warner Cable, Cablevision, Cox, and Telcos with Verizon becoming their biggest customer in 2006.
BigBand's main products include a digital video processing platform called BMR and a Cable Modem Termination System (CMTS) called Cuda. The video platform enables services such as Switched Video,[6] Digital Cable, Video on demand and IPTV offered on a variety of transport networks such as QAM cable, DSL and Verizon FiOS.
In 2008, BigBand received the Technology & Engineering Emmy Award for its innovative switched video technology.[7]
Recent affairs
In 2011 the acquisition of BigBand by ARRIS was completed for $172 million, with ARRIS paying $53 million for the acquisition of BigBand's outstanding shares.[8]
BigBand is currently suing a firm started by ex-employees. The firm, called Imagine Communications, is allegedly infringing on 3 of BigBand's patents covering video processing and bandwidth management techniques.[9]
Class action lawsuit
In October 2007, a class-action shareholder lawsuit was filed on behalf of shareholders who purchased BigBand Networks Inc. securities in the company’s IPO on March 15, 2007.[10] The lawsuit sought to pursue remedies under the Securities Act of 1933. The complaint alleged BigBand violated the Securities Act, and that company insiders including the CEO, CFO and CTO knowingly published misleading and false statements about the company’s financial health and product offerings. In particular, the complaint alleged that BigBand materially misstated their revenues, and engaged, among other allegations, in the practice informally known as channel stuffing to artificially inflate their financials prior to IPO. The suit was settled in 2009, with BigBand agreeing to pay US$1.5 million.[11]
References
- ^ a b c BigBand Networks (BBND) annual SEC income statement filing via Wikinvest.
- ^ a b BigBand Networks (BBND) annual SEC balance sheet filing via Wikinvest.
- ^ "Company Profile for BigBand Networks Inc (BBND)". Retrieved 2008-10-21.
- ^ "SEC filing S-1/A". 2007-01-26.
- ^ "BigBand Networks Expands Presence in China". Business Wire. 2007-03-30.
- ^ "Cablevision Deploys BigBand's Switched Video". Converge Network Digest. 2007-07-24.
- ^ "Winners of the 59th Technology and Engineering Emmy Awards". Retrieved 2011-03-28.
- ^ "ARRIS Completes BigBand Acquisition". Yahoo! Finance. ZACKS. 22 November 2011. Retrieved 15 December 2011.
- ^ Todd Spangler (2007-06-05). "BigBand Sues Firm Started by Ex-Employees". Multichannel News.
- ^ http://www.hbsslaw.com/BigBand.htm
- ^ BRIEF-BigBand Networks says settles class action lawsuit
External links
- BigBand Networks Official site
- Business data for BigBand Networks: