Digital headend solutions provider GoBackTV has been acquired by Aurora Networks, as Aurora looks to expand into the cable IPTV market. The financial details between the two privately held companies of the acquisition have not been disclosed, but Aurora says it expects to integrate GoBackTV's 20-some employees into its Santa Clara campus within two months.
"We are using this acquisition to increase our technology base enabling us to expand the breadth of our product lines, thus maintaining our lead as the cable operator's main partner to build future-proof networks," said Guy Sucharczuk, chairman, CEO and president of Aurora Networks.
GoBackTV specializes in a soup-to-nuts turn-key IPTV platform that makes it easy for smaller cable operators to play in IPTV. It also has a strong product line in the cable modem termination system and edge QAM business.
Aurora Networks said it will integrate key technologies from GoBackTV's current product line of headend and edge solutions into its current product line. GoBackTV's product offering complements Aurora Network's strategy as its solutions are a flexible and future-proof way to deploy all-digital video services.
Aurora initiated a business expansion plan in October, adding Scott Weinstein as the company's vice president of new business development. Weinstein, who has more than 15 years experience in investment banking and mergers and acquisitions has been a key factor in helping the company identify organic and inorganic growth opportunities.
The GoBackTV acquisition is the first such move for the 11-year-old firm.
For more:
- see this release
- see this Light Reading article
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