ADTRAN acquires connected home software provider SmartRG
ADTRAN, Inc. (NASDAQ:ADTN) has expanded its service portfolio with the acquisition of SmartRG Inc. a Vancouver, WA, based company that develops and provides carrier-class, open-source connected home platforms and cloud services for broadband service providers. Terms of the deal were not disclosed.
SmartRG offers Wi-Fi-enabled residential gateways as well as products for cloud-management and analytics. Its SmartOS software platform leverages virtual CPE to enable deployment of internal or third party developed apps in the home. These will be integrated under ADTRAN’s Mosaic SDN umbrella (see “ADTRAN expands functionality of Mosaic OS for software-defined access networks”) to enable ADTRAN to offer in-home networking capabilities to its broadband service provider customers. SmartRG has more than 3 million devices in service and more than 1.3 million devices under management in North America, the Caribbean, and South America, says ADTRAN.
“We are very excited to welcome everyone at SmartRG—a growing and profitable enterprise—and look forward to their contributions to our team,” ADTRAN Senior Vice President of Technology and Strategy Jay Wilson said. “SmartRG’s expansive customer base exemplifies its market leadership and we are committed to a smooth transition, as we move toward full collaboration and integration with our award-winning Mosaic platforms.”
“As fiber-based, virtually future-proof residential networks become a reality and bandwidth is no longer the gating factor, value creation will come from the ability to optimize the subscriber experience,” SmartRG President and CEO Jeff McInnis said. “Our ability to deliver against this need will enable ADTRAN and SmartRG customers to lower costs, simplify and scale networks, and grow revenue by creating higher-value and lasting relationships with their customers.”
McInnis and the rest of SmartRG’s management team and employees are expected to be retained.
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