Arris Closes Com21 Acquisition
Arris completes the acquisition of the CMTS-related assets of Com21, including the stock of its Irish subsidiary, for $2.8M
August 14, 2003
DULUTH, Ga. -- ARRIS (NASDAQ:ARRS), a globaltelecommunications technology leader, today announced that it has completedthe acquisition of the cable modem termination systems (CMTS)-related assetsof COM 21, including the stock of its Irish subsidiary, for the previouslyannounced purchase price of approximately $2,800,000. The transaction willtransfer ownership of a DOCSIS® 2.0-based, Layer 3 capable CMTS (the ARRISCadant® C3) specifically suited for smaller markets to the ARRIS portfolioof next generation high speed data products. The new C3 product along withthe ARRIS market-leading Cadant C4 CMTS provides ARRIS customers withcomplete market coverage from very large concentrated urban markets to smalland medium size markets.
Com21 Inc.
Arris Group Inc.
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