Terayon
Encyclopedia
Terayon Communication Systems, Inc. was a company that vended equipment to broadband
service providers
for delivering broadband voice, video and data services to residential and business subscribers.
i brothers Dr. Zaki 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
’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 on NASDAQ
in August 1998.
In 1999, the company initiated a strategy to expand its offerings to the telecommunication
and satellite
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
(founder of Scitex) for $100m; Radwiz for $64m from the Rad Group
, Teledata Networks
(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
, telecom carriers and satellite television providers. Terayon also decided to phase out equipment for home access, such as cable modem
s and home networking
devices.
In April 2006, Terayon was delisted from NASDAQ
due to outstanding financial reports. Motorola Inc.
acquired Terayon for $140 million in June 2007.
Broadband
The term broadband refers to a telecommunications signal or device of greater bandwidth, in some sense, than another standard or usual signal or device . Different criteria for "broad" have been applied in different contexts and at different times...
service providers
Internet service provider
An Internet service provider is a company that provides access to the Internet. Access ISPs directly connect customers to the Internet using copper wires, wireless or fiber-optic connections. Hosting ISPs lease server space for smaller businesses and host other people servers...
for delivering broadband voice, video and data services to residential and business subscribers.
History
Terayon was founded by IsraelIsrael
The State of Israel is a parliamentary republic located in the Middle East, along the eastern shore of the Mediterranean Sea...
i brothers Dr. Zaki 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
Tel Aviv University is a public university located in Ramat Aviv, Tel Aviv, Israel. With nearly 30,000 students, TAU is Israel's largest university.-History:...
’s computer science faculty, and then joined Helios. After Helios was sold to Cadence Design Systems
Cadence Design Systems
Cadence Design Systems, Inc is an electronic design automation software and engineering services company, founded in 1988 by the merger of SDA Systems and ECAD, Inc...
, Zaki moved to the US, and urged his brother to join him and set up the company. Terayon held an IPO on NASDAQ
NASDAQ
The NASDAQ Stock Market, also known as the NASDAQ, is an American stock exchange. "NASDAQ" originally stood for "National Association of Securities Dealers Automated Quotations". It is the second-largest stock exchange by market capitalization in the world, after the New York Stock Exchange. As of...
in August 1998.
In 1999, the company initiated a strategy to expand its offerings to the telecommunication
Telecommunication
Telecommunication is the transmission of information over significant distances to communicate. In earlier times, telecommunications involved the use of visual signals, such as beacons, smoke signals, semaphore telegraphs, signal flags, and optical heliographs, or audio messages via coded...
and satellite
Satellite
In the context of spaceflight, a satellite is an object which has been placed into orbit by human endeavour. Such objects are sometimes called artificial satellites to distinguish them from natural satellites such as the Moon....
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
Efi Arazi
-Education:After learning electronics in the Israel Defense Forces, Arazi earned an engineering degree in the 1960s at the Massachusetts Institute of Technology.-Business career:Arazi began his career in the United States...
(founder of Scitex) for $100m; Radwiz for $64m from the Rad Group
Rad Group
The RAD Group is a collection of independent companies that develop, manufacture and market solutions for diverse segments of the networking and telecommunications industry....
, Teledata Networks
Teledata Networks
Teledata Networks is a global provider of Access network solutions for Telecom Service Providers. The company creates solutions that enable service providers to migrate to Next Generation Networks , and also support a Triple Play service portfolio....
(which was later sold) and Ultracom Communications for $32m in March 2000.
In 2004, Terayon recentered its strategy on digital video
Digital video
Digital video is a type of digital recording system that works by using a digital rather than an analog video signal.The terms camera, video camera, and camcorder are used interchangeably in this article.- History :...
solutions, marketing to television broadcasters
Broadcasting
Broadcasting is the distribution of audio and video content to a dispersed audience via any audio visual medium. Receiving parties may include the general public or a relatively large subset of thereof...
, telecom carriers and satellite television providers. Terayon also decided to phase out equipment for home access, such as cable modem
Cable modem
A cable modem is a type of network bridge and modem that provides bi-directional data communication via radio frequency channels on a HFC and RFoG infrastructure. Cable modems are primarily used to deliver broadband Internet access in the form of cable Internet, taking advantage of the high...
s and home networking
Home network
A home network or home area network is a residential local area network . It is used for communication between digital devices typically deployed in the home, usually a small number of personal computers and accessories, such as printers and mobile computing devices...
devices.
In April 2006, Terayon was delisted from NASDAQ
NASDAQ
The NASDAQ Stock Market, also known as the NASDAQ, is an American stock exchange. "NASDAQ" originally stood for "National Association of Securities Dealers Automated Quotations". It is the second-largest stock exchange by market capitalization in the world, after the New York Stock Exchange. As of...
due to outstanding financial reports. Motorola Inc.
Motorola
Motorola, Inc. was an American multinational telecommunications company based in Schaumburg, Illinois, which was eventually divided into two independent public companies, Motorola Mobility and Motorola Solutions on January 4, 2011, after losing $4.3 billion from 2007 to 2009...
acquired Terayon for $140 million in June 2007.