Harmonic Acquires Video Storage Company Omneon For $306 Million
Backed by Accel, Omneon produces video server and storage infrastructure for companies that produce and distribute audio and video content for television and the web. Omneon’s video server and storage technology is used by an impressive client list including the BBC, BSkyB, CBS, Comcast, Discovery Communications, Echostar, NBC Universal, News Corporation, Televisa, Turner Broadcasting System, and Viacom.
The company has has impressive revenue numbers. For the year ended December 31, 2009, Omneon’s revenues were approximately $105 million, of which 67% were outside the United States, with no single customer representing more than 10% of total revenue.