Harmonic/Omneon acquisition likely to lead to further deals
May 17, 2010
Harmonic's planned $274 million acquisition of media server and storage specialist Omneon confirms forecasts that the recovery in the professional media industry is under way, according to a report published by Strategy Analytics and D. I. S. Consulting. The report also concludes that further deals should be expected from Harmonic as it seeks to add further capabilities.
“Regardless of Harmonic's clear leadership position in encoding, they could have still been viewed pretty narrowly as a solutions provider for only a relatively small slice of the broadcast and professional work flow,” says Douglas I. Sheer, Chief Analyst at D. I. S. Consulting. “With the addition of Omneon, they are able to greatly broaden their solutions offerings in a very â€“ no pun intended â€“ harmonious way, that builds on their already established strengths in the post-production part of their customers' operations.”