Cable Technology Feature Article
Aurora Networks to Take Over the Assets of Harmonic's Optical Transmission Equipment Business
By Jyothi Shanbhag, TMCnet Contributor
Optical access solution provider for cable operators, Aurora Networks has announced that it is offering $46 million for acquiring the assets of Harmonic’s (News - Alert) optical transmission equipment business. This significant take over from the company will enhance its market share lead in the optical transport market and create more market opportunities for its next-generation service-providing products while creating long-term strategic growth opportunities.
Guy Sucharczuk, chairman, president and CEO of Aurora Networks, said that acquiring the assets of Harmonic’s optical transport business extends their Access leadership position by adding to their footprint within the cable industry.
“We are dedicated to the evolution of cable infrastructure. This strategic move is an opportunity for us to further accelerate our innovations, continue to grow and ensure that the networks of current customers and expanded customer base from Harmonic can meet challenges today and well into the future,” Sucharczuk added.
Aurora Networks officials said it is dedicated to the evolution of the broadband industry by providing optimized solutions that enable operators to accommodate ever-growing capacity needs. After the acquisition, the company plans to continue its focus on a product strategy providing cable operators with the best technology, well-received by its customers, to enable them to address targeted problems.
“We’ve entered into this agreement because Aurora Networks is an established, trusted and well respected industry player,” said Patrick Harshman, CEO and president of Harmonic. “The direction of Harmonic has evolved to shift away from Cable Access and we selected Aurora Networks to purchase our Cable Access business because of its scale, strategic focus and commitment to customer care.”
Edited by Brooke Neuman