09.09.2010 11:47 AM
Miranda Technologies acquires OmniBus Systems

Miranda Technologies, a worldwide provider of infrastructure, playout and monitoring systems for the broadcast and cable/satellite/IPTV industries, has acquired all of the outstanding shares of privately held OmniBus Systems, a pioneer of IT-based media management and delivery solutions for TV and Internet broadcasters, from Palamon Capital Partners.

The acquisition, valued at CDN$48.7 million, will be financed equally between cash on hand and an existing credit facility. OmniBus Systems, based in Loughborough, UK, had revenues of approximately CDN$24 million for the trailing last 12 months ended June 30 2010. It has a large, installed blue chip customer base, including ABC, Ascent Media, Astro, AT&T, BBC, Chellomedia, Corus, Direct TV, Discovery, E!, FOX, SkyPerfect TV, Starz and Turner.

“The addition of OmniBus, and specifically iTX, allows Miranda to uniquely offer the complete range of playout solutions, from traditional hardware to a fully software-based environment,” said Strath Goodship, president and CEO of Miranda. “We are now exceptionally positioned to help our customers transition to more efficient operations by offering the best fit of hardware and software products to suit their individual requirements.”

OmniBus Systems’ iTX is a software-based TV production and transmission solution built on standard IT hardware and advanced software technology. Broadcasters and media operators can use this single, integrated system to unify and streamline ingest, media management, workflow organization, schedule management, asset management, automation, master control and playout to TV, radio and the internet. Handling all stages of the production and delivery process under a consistent user environment, the iTX system delivers increases in efficiency, scalability and speed of response for media businesses.



Comments
Post New Comment
If you are already a member, or would like to receive email alerts as new comments are
made, please login or register.

Enter the code shown above:

(Note: If you cannot read the numbers in the above
image, reload the page to generate a new one.)

No Comments Found




Thursday 10:05 AM
NAB Requests Expedited Review of Spectrum Auction Lawsuit
“Broadcasters assigned to new channels following the auction could be forced to accept reductions in their coverage area and population served, with no practical remedy.” ~NAB

Wall Street Communications /   Friday 06:54 PM
ChyronHego Products at Content and Communications World (CCW):
Sue Sillitoe, White Noise PR /   Friday 05:52 AM
Visual Unity Shows vuMedia™ at NAT Expo 2014 and Inter BEE 2014

 
Featured Articles
Discover TV Technology