Wednesday, 12 November 2014

Harmonic Makes Strategic Investments in Cloud Technology Companies

Harmonic the worldwide leader in video delivery infrastructure announced that the company has made significant investments in, the world's largest video transcoding service, and VJU, one of the first companies to provide cloud-enabled playout solutions to the broadcast and pay-TV industries. Having a financial stake in and VJU strengthens Harmonic's ability to offer highly flexible and scalable cloud-based services that provides amazing video quality and dramatically simplified cloud-based operations.
"To manage the complexity and enable the scalability of broadcast and multiscreen workflows, our customers are increasingly embracing flexible cloud technologies. Investing in and VJU, two key innovators in the cloud services market, aligns with Harmonic's strategic vision, enabling us to better support our customers' business and operational requirements," said Patrick Harshman, president and CEO, Harmonic. "With and VJU, Harmonic can deliver VOS™ technologies both on-premise and in the cloud, for seamless and highly elastic customer operations."

In addition to making a significant equity investment in VJU, Harmonic has signed a reseller agreement with the company, through which Harmonic will distribute its cloud playout solutions to the broadcast and pay-TV industries. VJU plans to use the Harmonic funding to continue making enhancements to its core product (Channel as a Service), expand cloud-based playout infrastructure, enhance quality of service, and support and grow its partnership network. VJU's Channel as a Service is one of the only cloud-based, enterprise-quality, end-to-end video broadcasting solutions in the marketplace. As part of a workflow that includes Harmonic's VOS-based Electra™ XVM virtualized media processor and Harmonic's Spectrum™ ChannelPort™ integrated channel playout system, Channel as a Service integrates the operational, technical, regulatory, and commercial functionality of the broadcast environment into the cloud, saving users substantial amounts of time and money, making it easier for broadcasters and pay-TV providers to launch new TV channels.


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