Why is Harmonic acquiring Omneon and why now?
The growth of broadband internet has spurred a demand for personalized and mobile video consumption. This has resulted in a radical change in the traditional divide between content owners and service providers which is now blurring, resulting in the emergence of new media companies focused on both production and delivery of video. These changes are creating an opportunity for a new kind of video infrastructure, one that can span across acquisition and production to delivery. This transaction positions Harmonic to become the leading supplier of video production, processing, management and delivery solutions to major content creators, aggregators and service providers. The combination of Omneon and Harmonic creates a company with industry leading technology and the broadest expertise in video compression, processing and delivery; in video optimized storage, production and playout servers; and in media processing and media management. We will become a company with unparalleled customer re
