March 4, 2005
Harmonic Acquires Broadcast Technology
Harmonic --a digital video, broadband and IP delivery systems provider-- has completed the acquisition of Broadcast Technology .
Harmonic will integrate the technology from U.K.-based Broadcast Technology with its Convergent Systems Division, expanding its reach into the cable, satellite, terrestrial broadcast and telecom markets.
The $754,000 deal was paid mostly in cash and also with 169,112 shares of Harmonic common stock.
"We look forward to working as a part of Harmonic to capitalize on the coming market opportunities," said Nick Jennings, managing director of Broadcast Technology.
Products by Broadcast Technology will be supported by Harmonic NMX Digital Service Manager, a system deployment, monitoring and control tool.