Miranda buy OmniBus

The Canadian Miranda Technologies announced at noon on Thursday the 9th, coinciding with IBC, the purchase of all outstanding shares of the private company OmniBus Systems held until now by Palamon Capital Partners, a European venture capital fund. The cash purchase, valued at 48.7 million Canadian dollars (37.06 million euros), will be financed equally between cash and a credit operation.

The Canadian Miranda Technologies announced at noon on Thursday, coinciding with IBC, the purchase of all outstanding shares of the private company OmniBus Systems held until now by Palamon Capital Partners, a European venture capital fund.

La compra en efectivo por valor de 48,7 millones de dólares canadienses (37,06 millones de euros), será financiada a partes iguales entre efectivo y una operación crediticia. OmniBus, con sede en Loughborough, Reino Unido, obtuvo unos ingresos de aproximadamente 24 millones de dólares canadienses (18,2 millones de euros) en el último ejercicio cerrado a 30 de junio 2010. Cuenta con una gran base instalada de clientes entre los que destacan ABC, Ascent Media, Astro, AT&T, BBC, Chellomedia, Corus, Direct TV, Discovery, E!, FOX, SkyPerfect TV, Starz, y Turner.

Strath Goodship, Miranda President and CEO, commented that "with its IT-based broadcast and automation solutions, especially ITX, OmniBus has helped broadcasters have a single, fully integrated software platform. Over the past four years, ITX has been adopted by many of the world's largest and most successful broadcasters, helping them reduce costs and streamline their operations. This next-generation platform has proven to be highly scalable and reliable."

"The addition of omnibus, and specifically ITX, will enable Miranda to have a unique offering and full range of broadcast solutions, from traditional hardware to a fully software-based environment. We are now uniquely positioned to help our customers transition to more efficient operations, offering the best fit of hardware and software products to meet their individual needs."

Mike Oldham, CEO of OmniBus Systems, said: "iTX is an award-winning solution on a rapid growth trajectory. By joining Miranda, we will see real product synergies, especially in terms of graphics workflows and advanced control capabilities."