TV infrastructure specialist Harris Broadcast has announced that it has signed a definitive agreement to acquire Imagine Communications. The transaction, subject to customary approvals and closing conditions, is expected to close in January 2014.
Harrison Broadcast has stated that the acquisition of Imagine Communications will strengthen their OTT and TV Everywhere market position. Imagine Communications specialises in digital video solutions which “enables content providers and system operators to deliver bandwidth-intensive services with optimum video quality”.
“Harris Broadcast’s new leadership team, end-to-end technology and industry leading platforms ideally complement and significantly expand the possibilities for our cutting edge TV Everywhere capabilities,” said Richard Stanfield, Imagine Communications CEO. “By combining Imagine technology with Harris Broadcast’s intellectual property, which already powers most of the world’s top content producers, this acquisition will transform the marketplace by leveraging Harris Broadcast’s strength and transferring it through smart integration to the non-linear, OTT, TV Everywhere world. Moreover, through Harris Broadcast, our technology benefits immediately from a worldwide go-to-market infrastructure, sales force and supply chain that turbocharges the possibilities of a comprehensive offering.”
DTG Staff | 05.12.2013