Espial Completes Acquisition of Whole Home Solution Platform from ARRIS
August 19 2016 - 5:55PM
Business Wire
Transforming the viewing experience worldwide, Espial today
announced that it has completed the previously announced
acquisition of ARRIS’s Whole Home Solution (WHS) platform. Terms
and conditions of the acquisition were not disclosed.
With this acquisition, Espial gains an end-to-end, cloud hosted
solution that enables service providers to quickly meet increasing
consumer demand for next-gen video services. As previously
announced, the acquisition also includes the talented WHS software
engineering and operations teams based in Kirkland, WA; the WHS
Network Operations Center (NOC); and two geo-redundant data
centers. Ron Miller will transition from ARRIS to lead the business
as General Manager for Espial.
“WHS expands our solution portfolio with a cloud-hosted
Video-as-a-Service platform that is complementary to and will
leverage Espial’s current solutions for next-generation IP video
services,” said Jaison Dolvane, CEO, Espial. “Espial gains a broad
base of new customer relationships and further scales our
world-class integration, operations, and software development
teams. We look forward to collaborating with ARRIS to enhance the
Whole Home Solution, strengthen support, and expand the customer
base going forward.”
About Whole Home Solution (WHS)
The Whole Home Solution is an end-to-end, turn-key IP Video
solution. WHS enables service providers to deliver feature-rich
video and telephony services, multi-room advanced DVR services,
Wi-Fi®, DOCSIS®, and other services. Subscribers can access an
extended range of content and TV everywhere options, as well as
rich personalized experience. The Espial Whole Home Solution
service is supported on the following ARRIS devices: the DCX-3635
Gateway, the IP815 IP Media Player, and the MP2050 and MP2150 Media
Players.
About ARRIS (www.arris.com)
ARRIS International plc. (NASDAQ: ARRS) is a world leader in
entertainment and communications technology. Our innovations
combine hardware, software, and services across the cloud, network,
and home to power TV and Internet for millions of people around the
globe. The people of ARRIS collaborate with the world's top service
providers, content providers, and retailers to advance the state of
our industry and pioneer tomorrow's connected world. For more
information, visit www.arris.com.
About Espial (www.espial.com)
With Espial, video service providers create responsive and
engaging subscriber viewing experiences incorporating powerful
content discovery and intuitive navigation. Service providers
achieve ‘Web-speed’ innovation with Espial’s flexible, open
software leveraging RDK and HTML5 technologies. This provides
competitive advantage through an immersive and personalized user
experience, seamlessly blending advanced TV services with OTT
content. With customers spanning six continents, Espial is
headquartered in Ottawa, Canada, has R&D centers in Montreal,
Silicon Valley, Cambridge UK, and Lisbon, and sales/support offices
in N. America, Europe and Asia. For more information, visit
www.espial.com.
Forward Looking Statements
This press release contains information that is forward looking
information with respect to Espial within the meaning of Section
138.4(9) of the Ontario Securities Act (forward looking statements)
and other applicable securities laws. In some cases,
forward-looking information can be identified by the use of terms
such as "may", "will", "should", "expect", "plan", "anticipate",
"believe", "intend", "estimate", "predict", "potential", "continue"
or the negative of these terms or other similar expressions
concerning matters that are not historical facts. In particular,
statements or assumptions about, perceived future benefits and
synergies of the proposed acquisition and possible new customer and
partner relationships, our position or ability to capitalize on
such perceived benefits and synergies, existing or future
opportunities for the company and products, execute on new market
opportunities, maintain existing Whole Home Solution user base and
secure new customer wins, and any other statements regarding
Espial's, ARRIS’s or their customers’ objectives (and strategies to
achieve such objectives), future expectations, beliefs, goals or
prospects, are or involve forward-looking information.
Forward-looking information is based on certain factors and
assumptions. While the company considers these assumptions to be
reasonable based on information currently available to it, they may
prove to be incorrect. Forward-looking information, by its nature
necessarily involves known and unknown risks and uncertainties. A
number of factors (many of which are beyond our control and current
expectation or knowledge) could cause actual results to differ
materially from those in the forward-looking statements or could
cause our current objectives and strategies to change, including
but not limited to:
- our ability to complete the proposed
acquisition (which is subject to conditions beyond Espial’s
control) and successfully integrate the Whole Home Solution product
line and associated ARRIS personnel into Espial operations;
- our ability to capitalize on the
perceived benefits and synergies of the proposed acquisition;
- our ability to maintain Whole Home
Solution user base and supply existing and new customers and
partners with our products and services, including Whole Home
Solution, and avoid being displaced by competitive offerings;
- our ability to effectively grow our
integration and support capabilities, execute on market
opportunities, develop our distribution channels and generate
increased demand for our products;
- economic conditions and technological
change; and
- unanticipated changes in our costs,
regulatory changes or litigation.
Additional risks and uncertainties affecting Espial can be found
in Management’s Discussion and Analysis of Results of Operations
and Financial Condition and its Annual Information Form for the
fiscal years ended December 31, 2014 and 2015 on SEDAR at
www.sedar.com. If any of these risks or uncertainties were to
materialize, or if the factors and assumptions underlying the
forward-looking information were to prove incorrect, actual results
could vary materially from those that are expressed or implied by
the forward-looking information contained herein and our current
objectives or strategies may change. Espial assumes no obligation
to update or revise any forward looking statements, whether as a
result of new information, future events or otherwise, except as
required by law. Readers are cautioned not to place undue reliance
on these forward-looking statements that speak only as of the date
hereof.
View source
version on businesswire.com: http://www.businesswire.com/news/home/20160819005734/en/
Espial:Kirk Edwardson, +1-613-301-3423Director of
Marketingkedwardson@espial.comorARRIS:Jeanne Russo,
+1-215-323-1880Global Strategic
Communicationsjeanne.russo@arris.com
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