Imagine Communications Acquires Digital Rapids
VEGAS—Imagine Communications, the workflow portion of
the former Harris Broadcast business, is acquiring Digital Rapids, a media
processor based in Markham, Ontario, Canada. Terms of the deal were not disclosed.
“We have made major investments in
developing our TV Everywhere portfolio, MediaCentral platform, and
MultiService SDN frameworks to deliver service-oriented, software-based
architectures for our customers. The addition of Digital Rapids’
advancements in software-based workflow management and transcoding
strategically complements our pillars of innovation and rounds out our
capabilities. Additionally, their expert team, which is based just miles
from our Development Center in Toronto,
brings a rich history in pioneering software solutions for high-end
media processing applications that strengthens our TV Everywhere
business and company,” said Imagine CEO Charlie Vogt.
Imagines says the acquisition creates a comprehensive portfolio
of processing and compression solutions for TV Everywhere. Digital
Rapids’ software-based workflow management, transcoding and encoding
solutions will integrate with Imagine Communications’ existing mezzanine
quality origination encoding, adaptive bitrate transcoding
technology and content delivery network software to create an
end-to-end, TV Everywhere solution for optimized file-based and live
video stream distribution across a variety of platforms.
The integration plan for the companies’ facilities and employee bases were not mentioned in the announcement.