Aurora in a buying mood: Spends $5.1M on Trident7 tech
Aurora Networks is following through on its mission of expanding its portfolio for cable operators with yesterday's purchase of Trident7 technology from Enablence Technologies.
Aurora will pay Enablence a purchase price of $5.1 million, comprising $2.75 million in cash and the assumption of certain liabilities and contingent liabilities. The deal is slated to close Sept. 15 once it passes regulatory muster and other closing conditions.
The deal includes the sale of Enablence's Trident7 Universal Access Platform for delivery of FTTP services through optical networks. Also included in the sale are related inventory, certain patents, certain product and process technology, and customer contracts and lists.
Aurora said the Trident7 platform strengthens its end-to-end PON offerings and will help cable operators cost-effectively deliver all optical IP Ethernet-based services to both residential and commercial customers.
Aurora Networks said the Trident7 PON solution enhances its capability to deliver the right technology for emerging services such as IP video, OTT (over-the-top) video and commercial services. The Trident7 chassis provides key aggregation and management functions, including DPoE (DOCSIS Provisioning of EPON) of both node- and chassis-based PON deployments. Furthermore, the platform will extend this capability to additional node-based solutions such as BitCoax, Aurora Networks' Ethernet-over-Coax solution to support gigabit data rates over existing HFC networks' coaxial drops.
"Acquiring the Trident7 product family from Enablence is very complementary with Aurora Networks' strategic vision of network evolution. It will enable us to further integrate technologies that operators will need to continue the evolution of their networks," said Guy Sucharczuk, chairman, president and CEO of Aurora Networks. "This acquisition will provide an additional tool for operators to meet the ever-growing demand for capacity per subscriber."
Approximately 25 Enablence employees are expected to move to Aurora, effective at the close of the transaction. Enablence's Trident7 team is currently headquartered in Alpharetta, Ga., while Aurora makes its home in Santa Clara, Calif.
While Aurora is a privately held company, it said it has achieved 21 consecutive quarters of profitability and has been actively searching for new acquisitions since bringing on Scott Weinstein as vice president of new business development late last year.
In May, Aurora Networks bought GoBackTV for an undisclosed sum. That acquisition marked the first time in Aurora Networks' 11-year history that it had bought another company.