Imagine Communications has signed an agreement to acquire the assets of multiscreen video delivery firm RGB Networks.

California-based RGB Networks provides cloud-based video delivery systems for TV everywhere and OTT services.

Imagine highlighted video packaging, cloud DVR and ad insertion as the company’s “core technology strengths”.

The deal, which will include the “majority” of RGB Networks’ employees, will see RGB’s assets integrated into the Imagine Communications advertising management and video infrastructure portfolio.

It follows last year’s acquisition of IP and file-based media processing systems firm Digital Rapids which was also bought to support Imagine’s TV everywhere ambitions.

Imagine Communications chief executive Charlie Vogt said: “Our customers require video solutions that enable content to be delivered anywhere, anytime, and on any device.

“The acquisition of RGB Networks, combined with our innovation in video playout and distribution, enables us to strategically navigate the convergence of IP, mobility, and the internet, which has changed the way we consume entertainment and information.

“We also gain an enviable customer base and will continue to support the RGB Networks product portfolio.

“Equally exciting, we are acquiring a world class technology, operations and sales team, which has been focused on IP and software-based cloud solutions for several years.”

Imagine said the transaction would be subject to usual approvals and closing conditions.