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Motorola Snaps Up RiverDelta

7/31/2001 5:15 AM Eastern

Motorola Inc. beefed up its cable-modem-termination-system product line
Monday by announcing the acquisition of RiverDelta Networks Inc. for $300
million.

As previously reported in Multichannel News, speculation about the
purchase had intensified the past few weeks.

RiverDelta will be rolled into Motorola Broadband Communications Sector's
network-infrastructure business, according to a spokeswoman.

RiverDelta -- a Tewksbury, Mass.-based start-up and one of the few pure-play
CMTS companies in the industry -- has two Data Over Cable Service Interface
Specification 1.0-qualified boxes: the 'Broadband Services Router 64000' and the
smaller, pizza-box-sized 'BSR 1000.'

'This acquisition makes sense for both companies because it strengthens our
ability to meet the needs of broadband-network operators that are migrating to
high-availability DOCSIS 1.1 networks to deploy complex broadband services like
tiered data-over-cable, VoIP [voice over Internet protocol] services and IP
streaming video,' said Dan Moloney, senior vice president and general manager of
Motorola BCS' IP-systems group, in a prepared statement.

The deal will also boost Motorola's entry into wireless-access markets.

According to the merger agreement, which is subject to various closing
conditions, Motorola will acquire all of RiverDelta's capital stock in exchange
for shares of Motorola's common stock, with the final exchange ratio fixed
immediately prior to the closing and based on the average trading price of
Motorola's common stock at that time.

 

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