Harris has signed a definitive agreement to acquire Optimal Solutions, a privately held provider of air-time sales, traffic and billing software systems, for approximately $32 million in cash. The transaction is subject to customary closing conditions and is expected to close in early May.
The acquisition of Optimal Solutions fits in with Harris' stated goal of providing total content delivery solutions to the industry, and gives Harris new capabilities in enterprise-wide software for managing and scheduling advertising and programming. Optimal Solutions’ Windows-based platform also complements the Harris next-generation H-Class platform, which is designed to serve the diverse business models of broadcast networks, cable networks and media content providers as well as the emergence of new services such as IPTV, mobile TV and on-demand video delivery.
For more information, visit www.harris.com.