Originally featured on BroadcastEngineering.com
OmniBus receives $12.5 million injection from Palamon Capital Partners

OmniBus Systems, a provider of automation and asset management solutions to the broadcast industry, has received a new infusion of $12.5 million in investment money from majority shareholder Palamon Capital Partners to help fuel R&D and company expansion efforts. In tandem with this announcement, the company said that Mike Oldham, previously the CEO of OmniBus Systems' North American subsidiary, would assume worldwide responsibilities.

The funding follows the completion of a market study conducted on behalf of Palamon by the management consultants McKinsey & Company. That validates OmniBus’ G3 architecture and its potential in the broadcast market for addressing the industry’s need for modular technology that is flexible and scalable. The research also confirmed that OmniBus is well positioned for strengthening its U.S. operations.

Andrew Hawkins, a partner at Palamon Capital Partners, said that OmniBus Systems is well positioned to roll out the next generation of products at exactly the time that the industry demand is accelerating.

Hawkins said Omnibus is set to deliver the first products based on its G3 architecture, that offers “task-specific” modules which share a common interface. Because this flexible, scalable architecture is based on standard, open-IT protocols, it allows broadcasters to use a single, consistent interface to integrate, control, and configure OmniBus products and third-party equipment for smooth content-flow management throughout entire operations.

For more information visit www.omnibus.tv.

Back to the top

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

Friday 3:00PM
Google Debuts Android TV
“We’re simply giving TV the same level of attention that phones and tablets have traditionally enjoyed.” ~ David Burke, Google

Featured Articles
Discover TV Technology