Terayon Communication Systems, Inc. was a company that vended equipment to
broadband
In telecommunications, broadband is wide bandwidth data transmission which transports multiple signals at a wide range of frequencies and Internet traffic types, that enables messages to be sent simultaneously, used in fast internet connections. ...
service providers
A service provider (SP) is an organization that provides services, such as consulting, legal, real estate, communications, storage, and processing services, to other organizations. Although a service provider can be a sub-unit of the organization t ...
for delivering broadband voice, video and data services to residential and business subscribers.
History
Terayon was founded by Israeli brothers Zaki Rakib and Shlomo Rakib in 1993; both brothers graduated from high school at age 16 and went on to university. Shlomo studied electrical engineering, and Zaki did a PhD in mechanical engineering and post-doctorate studies in applied mathematics. He taught for a while at
Tel Aviv University
Tel Aviv University (TAU) ( he, אוּנִיבֶרְסִיטַת תֵּל אָבִיב, ''Universitat Tel Aviv'') is a public research university in Tel Aviv, Israel. With over 30,000 students, it is the largest university in the country. Locate ...
’s computer science faculty, and then joined Helios. After Helios was sold to
Cadence Design Systems, Zaki moved to the US, and urged his brother to join him and set up the company. Terayon held an
IPO
An initial public offering (IPO) or stock launch is a public offering in which shares of a company are sold to institutional investors and usually also to retail (individual) investors. An IPO is typically underwritten by one or more investment ...
on
NASDAQ in August 1998.
In 1999, the company initiated a strategy to expand its offerings to the
telecommunication
Telecommunication is the transmission of information by various types of technologies over wire, radio, optical, or other electromagnetic systems. It has its origin in the desire of humans for communication over a distance greater than that fe ...
and
satellite
A satellite or artificial satellite is an object intentionally placed into orbit in outer space. Except for passive satellites, most satellites have an electricity generation system for equipment on board, such as solar panels or radioi ...
industries but later refocused its business on the cable industry in 2000. During 1999 and 2000 the company acquired seven other companies, including: Imedia, a video processing startup founded by
Efi Arazi
Efraim R. "Efi" Arazi ( he, אפי ארזי) (14 April 1937 – 14 April 2013) was an Israeli technology pioneer and businessman.
Education
Arazi enrolled as a cadet to study electronics in the Israel Defense Forces at the Air Force Techno ...
(founder of
Scitex
Suny Cellular Communication was known as Scitex Corporation Ltd. until December 2005 and Scailex Corporation Ltd. () until November 2016.
History
Scitex was an Israel-based multi-national company, founded by Efraim (Efi) Arazi in 1968, and w ...
) for $100m; Radwiz for $64m from the
Rad Group,
Teledata Networks
Teledata Networks was a global provider of Access network solutions for Telecom Service Providers. The company created solutions that enable service providers to migrate to Next Generation Networks ( NGN), and also support a Triple Play service p ...
(which was later sold) and Ultracom Communications for $32m in March 2000.
In 2004, Terayon recentered its strategy on
digital video solutions, marketing to television
broadcasters
Broadcaster may refer to:
* A presenter of any syndicated media program
* A broadcasting organization, one responsible for audio and video content and/or their transmission
* A sports commentator on television or radio
* Broadcaster, currently ...
, telecom carriers and satellite television providers. Terayon also decided to phase out equipment for home access, such as
cable modems and
home networking devices.
In April 2006, Terayon was delisted from
NASDAQ due to outstanding financial reports.
Motorola Inc.
Motorola, Inc. () was an American multinational telecommunications company based in Schaumburg, Illinois, United States. After having lost $4.3 billion from 2007 to 2009, the company split into two independent public companies, Motorola ...
acquired Terayon for $140 million in June 2007.
See also
*
Motorola Inc.
Motorola, Inc. () was an American multinational telecommunications company based in Schaumburg, Illinois, United States. After having lost $4.3 billion from 2007 to 2009, the company split into two independent public companies, Motorola ...
References
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Companies formerly listed on the Nasdaq
Companies based in Santa Clara, California