Big Band networks, the cable operator technology specialist, has filed a registration for an IPO that will raise $147 million.
Big Band sells routers and cable termination systems and distributed VoD appliances to the cable industry and has expertise in rich media, networking and bandwidth management.
The company has sold to more than 100 customers globally, including Cablevision, Charter, Comcast, Cox, Time Warner Cable and Verizon, and has revenues of $176.6 million for last year, a rise of over 80%.
Big Band will only get around $74 million of the money with the rest going to existing shareholders, and will use it to pay down around $14 million of debt, to fund acquisitions and we would expect it to expand overseas.