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

Author:: TVTechnology
Publish date:: Mar 3, 2005

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.

Harmonic Inc. has entered into an agreement to acquire the video networking software business of Entone Technologies Inc. for $45 million. Entone, a privately held company based in San Mateo, Calif. with research and development facilities in Hong Kong, has software that manage and stream personalized video servi

Harmonic Inc., a provider of broadcast and on-demand video delivery solutions, has agreed to acquire Rhozet Corp., a privately-held company based in Santa Clara, Calif., for $15.5 million.

By integrating BTL into Harmonic’s Convergent Systems Division, the company is able to expand its solutions

The acquisition will have little impact on its revenue and earnings for the first quarter

Siemens Business Services has been awarded a 2-billion pound 10-year IT outsourcing contract with BBC Technology that includes the acquisition of the company, a division of the BBC. The sale, if accepted by review by the BBC Governors and other U.K. and E.U. officials, is expected to be completed by the fall. The sale

Harmonic to acquire Scopus Video Networks promo image

The acquisition will expand Harmonic’s position in international video broadcast, contribution and distribution markets

The purchase adds Entone’s content ingest, distributed content management and video streaming software to Harmonic’s solutions to create an end-to-end on-demand video delivery offering.

But hours after the deal was announced, lawyers for investors said they would investigate the deal.