Harris Broadcast to Acquire Imagine Communications4 Dec, 2013 By: Chris Tribbey
Broadcast backbone technology company Harris Broadcast will acquire digital video company Imagine Communications, bolstering its over-the-top (OTT), mobile video and TV Everywhere portfolio.
Financial terms of the deal, which is expected to close in January, were not disclosed.
“Many of our content originator customers have been adding services for OTT and TV Everywhere, but have had to do so with bifurcated systems for linear and non-linear services,” said Harris CEO Charlie Vogt. “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.”
Imagine Communications’ specializes in TV Everywhere, DVR, Internet, mobile video and IPTV software.
“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 Imagine CEO Richard Stanfield. “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.”