Harmonic has completed its acquisition of video production and playout solution provider Omneon for about $194 million in cash and 17.1 million shares of its common stock, Harmonic announced Sept 15.
    The acquisition, announced in May, represents an enterprise value of about $273 million based on the value of Harmonic’s common stock at the time of purchase and the net of Omneon’s cash balances.
    The acquisition combines Harmonic’s video delivery infrastructure with Omneon production technology resources as well as its management and distribution of digital media. Omneon’s customer base includes media companies such as BBC, BSkyB, CBS, Comcast, Discovery Communications, Echostar, NBC Universal, News Corp., Televisa, Turner Broadcasting System and Viacom. In 2009,  Omneon’s revenues were about $105 million, of which 67 percent were outside the United States.
     “By bringing together a powerful range of market-leading technologies that span content contribution through delivery, and leveraging strong relationships with content producers and service providers around the globe, Harmonic is now uniquely positioned as a global leader in video infrastructure for the digital media industry. In combination with Omneon, we expect to deepen our relationships with global media companies, enabling them to create, package and deliver the next generation of video-centric media services,” Harmonic President and CEO Patrick Harshman said in a statement.