ARRIS: Every Carrier Will Become a Wireless Provider, So We Bought Ruckus Wireless
ARRIS will acquire Ruckus Wireless and ICX Switch business from Broadcom subsidiary Brocade Communication System for $800 million in cash, as well as unvested employee stock awards. The deal is contingent upon Broadcom successfully completing the acquisition of Brocade Communications, which owns both ARRIS’ acquisition targets. Acquiring Ruckus and ICX Switch will further expand ARRIS’s presence in wired and wireless networking technology and markets beyond the home to encompass the education, public venue, enterprise, hospitality and MDU market segments. Off the back of acquiring Ruckus and the ICX Switch business line, management intends to create a business unit dedicated to marketing innovative wireless networking and wired switching technology that can meet the needs of various industry sector verticals. ARRIS previously acquired Motorola and Pace. “We’ve set an aggressive growth strategy for ARRIS that includes expanding our technology breadth and depth with a focus on wireless broadband,” said CEO Bruce McClelland.
ARRIS: Every Carrier Will Become a Wireless Provider, So We Bought Ruckus Wireless