Imagine finalises RGB acquisition
DetailsMichelle Clancy | 12 February 2015
Imagine Communications has finalised the acquisition of RGB Networks, representing its fourth acquisition in 12 months.
"Like those before it, this transaction advances our leadership position in video infrastructure, advertising management and workflow solutions," said Charlie Vogt, CEO at Imagine. "RGB Networks' technology, people and customers complement and accelerate our vision and roadmap defined by IP, software, cloud and multiscreen. Our goal and mission is to overcome the technical barriers that currently constrain our customers' creativity and imagination."
In 2014, the company released a hybrid SDI/IP platform, the Magellan SDN Orchestrator, and introduced VersioCloud, an integrated IP-enabled cloud playout platform, and Zenium, an advanced workflow management system. Vogt said that Imagine saw double-digit growth in 2014, and 13% year-over-year growth in new orders.
"In 2015, the convergence of video, mobility and the Internet brings our industry to an inflection point," said Vogt. "To monetise their services and capture market share, our customers will need to migrate away from inflexible, proprietary infrastructures and adopt IP-enabled, cloud-based, software-defined networks and workflows to deliver top-line growth and bottom-line results."
He added: "Our ongoing investments in innovation and leadership in these areas are helping our customers ease the transition to these more flexible, next-generation solutions."