The company has tripled the number of employees since that transaction.In October 2017, SmartRG announced it would open a new office in downtown Portland with a majority of its employees moving there. “We will continue to operate as we have in the past.”Buzinover described Adtran as “a great partner” with an entrepreneurial approach similar to SmartRG.“This was a great opportunity for us,” he said, adding that employees were told Wednesday of the transaction. Follow. As more objects become Internet connected the demand for smart home software and other products has spiked. Founders Jeff McInnis; Operating Status Active; Funding Status M&A; Number of Employees 51-100; IPO Status Private; Company Type For Profit; Website www.smartrg.com ; Facebook View on Facebook ; LinkedIn View on LinkedIn ; Twitter View on Twitter ; Contact Email info@smartrg.com; Phone Number 360 … Columbia Shores Blvd.Adtran, traded on Nasdaq, recorded $667 million in 2017 sales.Privately held SmartRG had revenue of $27.9 million last year and a two-year growth rate of 30.4 percent, said Brad Gevurtz, managing director for the technology investment banking group for D.A. Davidson brought SmartRG to market earlier this year, attracting several interested buyers with Adtran emerging as the preferred buyer, Gevurtz said.The merger and acquisition makes sense because of complementary business strengths, Gevurtz said. “As fiber-based, virtually future-proof residential networks become a reality and bandwidth is no longer the gating factor, value creation will come from the ability to optimize the subscriber experience,” SmartRG President and CEO Jeff McInnis said. At the time, an entity called SmartRG Gateways represented ClearAccess’ hardware business.That entity became SmartRG Inc. with Jeff McInnis appointed as chief executive officer. “We’re excited for this event and to continue what we’ve been doing.”SmartRG engineers hardware and software to help connect devices to the internet.The company traces its roots to a March 2012 transaction in which Silicon Valley networking giant Cisco Systems acquired Vancouver-based ClearAccess, a 2005 startup that provides tools to telecommunication and broadband providers. Davidson & Co. in Portland, which served as the financial adviser to SmartRG for the sale.D.A. But also Adtran wanted to purchase SmartRG because “they wanted to expand their footprint in the Pacific Northwest,” Gevurtz said of the Alabama company, adding that SmartRG is likely to expand its workforce as a result. 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That entity became SmartRG Inc. with Jeff McInnis appointed as chief executive officer. Terms of the stock purchase of SmartRG were not disclosed. SmartRG, a Vancouver company that develops networking technologies for the connected home, plans to open a new office in downtown Portland next week. McInnis remains the company’s CEO.
The company has tripled the … SmartRG's President & CEO, Jeff Mcinnis, currently has an approval rating of 69%. This process is automatic. “We are pleased to have been able to work with the D.A. SmartRG General Information Description. Website SmartRG's primary competitors are Mimosa , Sagemcom & Aerohive Networks .
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