{"id":86235,"date":"2010-09-11T20:36:19","date_gmt":"2010-09-11T12:36:19","guid":{"rendered":"https:\/\/wp-productionenv-bjg9h2g2bgg5b8aa.southeastasia-01.azurewebsites.net\/news\/miranda-technologies-acquires-omnibus-systems\/"},"modified":"2010-09-11T20:36:19","modified_gmt":"2010-09-11T12:36:19","slug":"miranda-technologies-acquires-omnibus-systems","status":"publish","type":"post","link":"https:\/\/starpath.global\/news\/miranda-technologies-acquires-omnibus-systems\/","title":{"rendered":"Miranda Technologies Acquires OmniBus Systems"},"content":{"rendered":"<p><strong>Miranda Technologies<\/strong>, a Canadian provider of  infrastructure, playout and monitoring systems for the cable, satellite  and IPTV broadcast industries, has acquired IT-based media management  and delivery solutions provider <strong>OmniBus Systems<\/strong> from<strong> Palamon Capital Partners<\/strong> for $47.1 million in cash, Miranda announced Sept. 9.<br \/>\n&nbsp;&nbsp;&nbsp; The all-cash purchase will be financed equally between Miranda\u2019s  $49.1 million cash on hand and an existing credit facility. OmniBus has a  net cash position of $6.48 million. The transaction is expected to be  accretive to Miranda\u2019s earnings within the first full year of operation,  and should generate product and distribution synergies, the company  said.<br \/>\n&nbsp;&nbsp;&nbsp; OmniBus Systems, based in Loughborough, has an extensive broadcast customer base, which includes <strong>ABC, Ascent Media, Astro, AT&amp;T, BBC, Chellomedia, Corus, Direct TV, Discovery, E!, FOX, SkyPerfect TV, Starz<\/strong>, and <strong>Turner<\/strong>.  Miranda said that the media management and delivery market segment will  grow by a compound annual growth rate of approximately 24 percent over  the next 2 years. <br \/>\n&nbsp;&nbsp;&nbsp; \u201cThe 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,\u201d Miranda President and  CEO Strath Goodship said in a statement.<br \/>\n&nbsp;&nbsp;&nbsp; \u201cBy joining Miranda, we will see real product synergies, and gain  more extensive worldwide sales and support, creating new opportunities  to increase our share of the expanding markets we serve. Importantly,  the fit with Miranda is excellent, and the OmniBus team is really  excited by the clear potential for our combined businesses,\u201d OmniBus  Systems CEO Mike Oldham added.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Miranda Technologies, a Canadian provider of infrastructure, playout and monitoring systems for the cable, satellite and IPTV broadcast industries, has acquired IT-based media management and delivery solutions provider OmniBus Systems from Palamon Capital Partners for $47.1 million in cash, Miranda announced Sept. 9. &nbsp;&nbsp;&nbsp; The all-cash purchase will be financed equally between Miranda\u2019s $49.1 million [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"","ping_status":"","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"inline_featured_image":false,"footnotes":"","_links_to":"","_links_to_target":""},"categories":[2],"tags":[],"class_list":["post-86235","post","type-post","status-publish","format-standard","hentry","category-news"],"acf":[],"_links":{"self":[{"href":"https:\/\/starpath.global\/blog\/wp-json\/wp\/v2\/posts\/86235"}],"collection":[{"href":"https:\/\/starpath.global\/blog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/starpath.global\/blog\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/starpath.global\/blog\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/starpath.global\/blog\/wp-json\/wp\/v2\/comments?post=86235"}],"version-history":[{"count":0,"href":"https:\/\/starpath.global\/blog\/wp-json\/wp\/v2\/posts\/86235\/revisions"}],"wp:attachment":[{"href":"https:\/\/starpath.global\/blog\/wp-json\/wp\/v2\/media?parent=86235"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/starpath.global\/blog\/wp-json\/wp\/v2\/categories?post=86235"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/starpath.global\/blog\/wp-json\/wp\/v2\/tags?post=86235"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}