ARRIS acquires VC-backed SeaWell Networks

April 21
11:50 2014

ARRIS Group, Inc. has acquired venture-backed SeaWell Networks for an undisclosed amount.

SeaWell acquisition comes one year after ARRIS’ significant acquisition of Motorola Mobility’s Home division. ARRIS is integrating SeaWell’s adaptive bit rate (ABR) streaming technologies and talent into its Network & Cloud business.

“This acquisition further positions ARRIS to transform IP video delivery…from content creation to consumption,” said Bob Stanzione, ARRIS Chairman & 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.”

“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,” said Brian Collie, SeaWell Networks Founder and CEO.

SeaWell Networks was backed by Northwater Capital Management, BDC Venture Capital, MaRS Investment Accelerator Fund (IAF).

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