Harmonic, Inc.
| Traded as |
NASDAQ: HLIT S&P 600 Component |
|---|---|
| Industry | ICT - Broadcast and Media segment |
| Headquarters | San Jose, California, USA |
|
Key people
|
Patrick Harshman, President and Chief Executive Officer |
| Products | Video servers and storage, broadcast and multiscreen encoders and transcoders, contribution encoders, stream processors, integrated receiver-decoders, media asset management |
| Revenue | $530.46 million (2012) |
|
Number of employees
|
1148 (2012) |
| Website | www |
Harmonic Inc. is an American technology company that develops and markets video routing, server, and storage products for companies that produce, process, and distribute video content for television and the Internet.
Harmonic was initially incorporated in California in June 1988 as Harmonic Lightwaves, and reincorporated into Delaware in May 1995. Anthony J. Ley became chief executive in November 1988. Co-founder Moshe Nazarathy led a research and development center named "Harmonic Data" in Israel starting in 1993, funded in part by the Israel-U.S. Binational Industrial Research and Development Foundation.
Harmonic acquired the DiviCom business of C-Cube Microsystems in 2000 for about $1.7 billion in stock. It acquired the video networking software business of Entone Technologies in 2006 for about $45 million, Rhozet Corporation in 2007, and Scopus Video Networks, Ltd. in 2009.
Omneon Video Networks was founded in May 1998, with investors including Advanced Technology Ventures, Norwest Venture Partners, Accel Partners and Invesco. Omneon co-founder Donald M. Craig designed products that won Technology & Engineering Emmy Awards in 1988 and 1996. On December 29, 2006 Omneon filed for an initial public offering, and tried again several times in 2007 and 2008 after dropping the "Video Networks" from its name, but remained private. On May 6, 2010 Omneon announced it agreed to be acquired by Harmonic for an estimated $274 million.
Harmonic sold its line of fiber-optic access products to Aurora Networks in February 2013 for $46 million in cash.
In March 2016 Harmonic acquired Thomson Video Networks.
Harmonic’s products fall into four principal categories; video production products, video server products for playout, video processing products, and cable edge products. Video production products are used to support video editing, post-production and finishing. Server systems are used to assemble and play out one or more channel systems. Video processing products are used by media companies, broadcasters, telcos, satellite operators, cable operators, and OTT operators to acquire and use different types and sources of video signals. Cable edge products are used by cable operators to deliver customized broadcast or on-demand and data services to their subscribers.
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Wikipedia