Miranda Technologies has acquired all of the outstanding shares of British automation and content management technology developer OmniBus Systems.
The £31m deal was completed with private equity firm Palamon Capital Partners and includes cash and an existing credit facility.
Miranda, from Montreal, makes and provides infrastructure, playout and monitoring systems for the broadcast and cable/satellite/IPTV industries.
The company will add Omnibus’ iTX playout and automation technology to its own graphics and monitoring capabilities in order to provide cost-effective channel distrubtion for broadcasters.
Miranda chief executive Strath Goodship said: “The addition of OmniBus, and specifically iTX, allows Miranda to uniquely offer the complete range of playout solutions, from traditional hardware to a fully software-based environment. We are now exceptionally positioned to help our customers transition to more efficient operations, by offering the best fit of hardware and software products to suit their individual requirements.”
OmniBus Systems cief executive Mike Oldham said the deal will give his extensive worldwide sales and support and creating new opportunities to increase its market share.
“Importantly, the fit with Miranda is excellent,” he said. “And the OmniBus team is really excited by the clear potential for our combined businesses.”