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Harris Corp. to Acquire Aastra Digital Video for $35 Million

Authored by Mark Hefflinger on May 24, 2006 - 7:22pm.
Melbourne, Fla. - Harris Corp., a major communications and defense technology company, has agreed to acquire Aastra Digital Video, a New Jersey-based unit of Aastra Technologies that develops video networking, encoding, decoding, and multiplexing technologies used by television broadcasters, telecommunications providers and satellite networks. The deal is valued at $35 million in cash. "This acquisition adds to our Total Content Delivery solutions for the broadcast industry and will enable Harris to offer networking products that transport media content over a variety of broadcast, cable, satellite, and telco networks, including those supporting new services such as IPTV and Mobile TV," said Tim Thorsteinson, president of Harris Broadcast Communications Division. Aastra Digital Video employs about 35 people and had revenue of about $18 million and a profit of about $5.7 million last year.
http://www.aastra.com/corporate/press_releases.asp?p=130&y=2006

tags: Deals | Video | Tech | Broadband | Acquisitions | Harris Corp. | Content Delivery | Aastra Digital Video |



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