BigBand Networks

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"BigBand" redirects here. For the type of musical ensemble, see Big band.
BigBand Networks
TypePrivate
IndustryDigital Video
CMTS
Founded1999, public 2007
Headquarters
Redwood City, California
,
United States
Key people
Amir Bassan-Eskenazi, President & Co-Founder, Former CEO
Ran Oz, Co-Founder & Former CTO
RevenueIncreaseUS$112M (FY 2010)[1]
DecreaseUS$-30.8M (FY 2010)[1]
DecreaseUS$-31.6M (FY 2010)[1]
Total assetsDecreaseUS$181M (FY 2010)[2]
Total equityDecreaseUS$134M (FY 2010)[2]
Number of employees
620 (July 2007)
ParentArris Group
Websitewww.bigbandnet.com

BigBand Networks was a corporation headquartered in Redwood City, California, which became a division within Arris Group. BigBand manufactured and sold digital video and data processing products and services for digital video and cable modem termination systems (CMTS).

Description[]

BigBand's development centers were assimilated by Arris Group. The main video products are developed in Tel Aviv, Israel employing roughly 200 people. The main data and voice products development center is in Westborough, Massachusetts with roughly 175 people.[3] A third research and development office is located in Shenzhen, China.[4]

Products and technologies[]

The company formerly sold video, voice and data products directly to major cable multi system operators (MSOs). Amongst the company's biggest MSO clients were Comcast, Time Warner Cable, Cablevision, Cox with Verizon becoming their biggest customer in 2006.

BigBand's main products include a digital video processing platform called BMR and a cable modem termination system (CMTS) called Cuda. The video platform enables services such as Switched Video,[5] Digital Cable, Video on demand and IPTV offered on a variety of transport networks such as QAM cable, DSL and Verizon FiOS.

BigBand won two Emmy Awards, one for service in the US with Time Warner Cable "Start Over", enabling video on demand, the ability to pause a broadcast program and watch it later.[6] In 2008, BigBand received the Technology & Engineering Emmy Award for its switched video technology which enabled cable operators to deliver unlimited number of broadcast channels to their subscribers.[7]

IPO and class action lawsuit[]

BigBand went public in March 2007.[8] The offering was underwritten by Morgan Stanley, Merrill Lynch, Jeffries & Company, Cowen & Company and ThinkEquity.[9]

In October 2007, a class-action shareholder lawsuit was filed on behalf of shareholders who purchased BigBand Network. securities in the company's IPO on March 15, 2007. The lawsuit sought to pursue remedies under the Securities Act of 1933. The complaint alleged BigBand violated the Securities Act, and that company insiders including the CEO, CFO and CTO knowingly published misleading and false statements about the company's financial health and product offerings. In particular, the complaint alleged that BigBand materially misstated their revenues, and engaged, among other allegations, in the practice informally known as channel stuffing to artificially inflate their financials prior to IPO. The suit was settled in 2009, with BigBand agreeing to pay US$1.5 million.[10]

In 2007, BigBand sued a firm started by ex-employees. The firm, called Imagine Communications, was allegedly infringing on 3 of BigBand's patents covering video processing and bandwidth management techniques.[11]

Acquisition[]

In 2011 the acquisition of BigBand by Arris Group was completed for $172 million, with Arris paying $53 million for the acquisition of BigBand's outstanding shares.[12]

Publications[]

  • Network Design For A Multiplicity Of Services (2003)[13]
  • The Triple-Play Network Platform (2004)[14]
  • The Statistics of Switched Broadcast (2005)[15]
  • Advanced Monitoring Of Switched Broadcast Systems (2007)[16]

References[]

  1. ^ a b c BigBand Networks (BBND) annual SEC income statement filing via Wikinvest.
  2. ^ a b BigBand Networks (BBND) annual SEC balance sheet filing via Wikinvest.
  3. ^ U.S. Securities and Exchange Commission (2 August 2007). "BIGBAND NETWORKS REPORTS SECOND QUARTER 2007 FINANCIAL RESULTS". SEC.gov. Retrieved 13 December 2016.
  4. ^ "BigBand Networks Expands Presence in China". Business Wire. 2007-03-30.
  5. ^ "Cablevision Deploys BigBand's Switched Video". Converge Network Digest. 2007-07-24. Archived from the original on 2007-09-27.
  6. ^ "Tech Emmys Take the Strip". Broadcasting & Cable. Retrieved 2018-09-15.
  7. ^ "Winners of the 59th Technology and Engineering Emmy Awards". Archived from the original on 2008-05-09. Retrieved 2011-03-28.
  8. ^ Alan Breznick (2007-03-15). "BigBand IPO: Boing!". Cable Digital News.
  9. ^ "BigBand Networks raises $139m on Nasdaq IPO - Globes". Globes (in Hebrew). Retrieved 2018-09-14.
  10. ^ "BigBand Settles Shareholder Lawsuit". Multichannel. Retrieved 2018-09-14.
  11. ^ Todd Spangler (2007-06-05). "BigBand Sues Firm Started by Ex-Employees". Multichannel News.
  12. ^ "ARRIS Completes BigBand Acquisition". Yahoo! Finance. ZACKS. 22 November 2011. Retrieved 15 December 2011.
  13. ^ "Paper - Network Design For A Multiplicity Of Services - NCTA Technical Papers". www.nctatechnicalpapers.com. Retrieved 2018-09-14.
  14. ^ "Paper - The Triple-Play Network Platform - NCTA Technical Papers". www.nctatechnicalpapers.com. Retrieved 2018-09-14.
  15. ^ "The Statistics of Switched Broadcast - 2005". docslide.us. Retrieved 2018-09-14.
  16. ^ "Paper - Advanced Monitoring Of Switched Broadcast Systems - NCTA Technical Papers". www.nctatechnicalpapers.com. Retrieved 2018-09-14.

External links[]

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