Motorola announced yesterday that it has completed its acquisition of Terayon Communication Systems. Motorola acquired all of the outstanding shares of Terayon’s common stock for $1.80 per share in cash. The transaction has a total equity value of approximately $140 million on a fully-diluted basis.The acquisition of Terayon and its software-driven application solutions enhances Motorola’s video infrastructure and seamless mobility core by providing Motorola with industry-recognized video processing solutions that enable digital ad insertion, motion and graphical overlays, channel branding and channel line-up solutions as well as cutting-edge ad insertion delivery technologies. These solutions will enable Motorola’s customers to optimize bandwidth and deliver content based upon the regional and local interest of viewers, accelerating the service provider’s ability to evolve and capitalize on new business opportunities.
The transaction is expected to be neutral to Motorola’s earnings per share in 2007, excluding certain non-cash charges relating to amortization associated with acquired intangibles and other one-time accounting and transaction-related costs.
About Terayon
Terayon is the market leader dedicated to creating video solutions that enable content to be localized and delivered “on-demand” based on the regional and local interest of viewers, accelerating our customer’s ability to evolve and capitalize on new business opportunities. Terayon’s track record of delivering key innovations first, just as our customers need them, includes applications like statistical multiplexing, grooming, rate shaping, digital simulcast, digital ad insertion and channel branding.
Terayon is the winner of 58th Annual Technology & Engineering Emmy Awards.
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