Tuesday, July 24, 2007

Harmonic to Acquire Rhozet for Mobile Video Creation

Harmonic agreed to acquire Rhozet, a start-up offering software-based universal transcoding solutions that facilitate the creation of multi-format video for Internet, mobile and broadcast applications. Harmonic will pay $15.5 million comprised of cash and the value of approximately 1.1 million shares of Harmonic stock.

The Rhozet product line includes Carbon Coder, a stand-alone software transcoding application, and Carbon Server, an enterprise-level distributed transcoding management application. This highly scalable solution is designed to allow users to start with a single system that can be expanded to a large transcoding server farm, and includes features such as load balancing and failover protection for maximum reliability. Rhozet is based in Santa Clara, California.

Harmonic said the addition of Rhozet's software transcoding technology will enable Harmonic's existing broadcast, cable, satellite, and telco customers to seamlessly create and deliver high quality Internet and mobile video programming. It is also expected to expand Harmonic's presence into the online video service provisioning market, where Rhozet's transcoding solutions are today in use by leading Web video content providers including Amazon.com, MSN and Yahoo!.




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