TV infrastructure specialist Harris Broadcast is buying Imagine Communications. Terms were not revealed but the deal is expected to close in January 2014. The deal will strengthen Harris’s position in the OTT and TV Everywhere markets.
San Diego-based Imagine specialises in digital video solutions and which “enables content providers and system operators to deliver bandwidth-intensive services with optimum video quality”.
Charlie Vogt, Harris Broadcast CEO, in a statement, said: “This acquisition enables Harris Broadcast to take a leadership position in the OTT and TV Everywhere market, while laying the foundation for the first true software defined integration of sales, scheduling, automation, playout and delivery across both linear and non-linear content distribution networks. Additionally, through this acquisition, we will expand our R&D and innovation initiatives, strengthen our encoding, transcoding and ABR market position, and increase our total global addressable market.”