Harmonic Acquires Broadcast Technology
By TVTechnology published
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.
Future US's leading brands bring the most important, up-to-date information right to your inbox
Thank you for signing up to TV Tech. You will receive a verification email shortly.
There was a problem. Please refresh the page and try again.