Harmonic

#5910

Rank

$1.1B

Marketcap

United States

Country

Leadership team

Dr. Patrick J. Harshman (Pres, CEO & Director)

Mr. Sanjay Kalra (Sr. VP & CFO)

Mr. Ian Graham (Sr. VP of Global Sales & Video Services)

Products/ Services

Internet, Mobile, Telecommunications

Number of Employees

1,000 - 20,000

Headquarters

San Jose, California, United States

Established

1988

Company Registration

SEC CIK number: 0000851310

Net Income

20M - 100M

Revenue

500M - 1B

Traded as

HLIT

Social Media

URL

https://www.harmonicinc.com

Overview

Location

Recognition and Award

References

Summary

Harmonic Inc., together with its subsidiaries, provide video delivery software, products, system solutions, and services worldwide. The company operates in two segments, Video and Cable Access. The Video segment sells video processing, production, and playout solutions and services to cable operators, and satellite and telecommunications Pay-TV service providers, as well as to broadcast and media, including streaming media companies. This segment's video processing appliance solutions include network management and application software, and hardware products, such as encoders, video servers, high-density stream processing systems, and edge processors. This segment also provides software-as-a-service (SaaS) solutions, which enables the packaging and delivery of streaming services, including live streaming, video-on-demand, catch-up TV, start-over TV, network-DVR, and cloud-DVR services through HTTP streaming to various device along with dynamic and personal ad insertion. The Cable Access segment offers CableOS software-based cable access solutions; and CableOS central cloud services primarily to cable operators. Its products enable customers to create, prepare, store, playout, and deliver a range of broadcast and streaming video services to consumer devices, including televisions, personal computers, laptops, tablets, and smart phones. The company also provides technical support and professional services, such as maintenance and support, consulting, implementation, program management, technical design and planning, building and site preparation, integration and equipment installation, end-to-end system testing, and training. It sells its products through its direct sales force, as well as through independent resellers and systems integrators. The company was incorporated in 1988 and is headquartered in San Jose, California.

History

Harmonic was initially incorporated in California in June 1988 as Harmonic Lightwaves, and reincorporated into Delaware in May 1995.

Anthony J. Ley became chief executive in November 1988 after the creation of the company by co-founders Moshe Nazarathy, and Josef Berger. Co-founder Moshe Nazarathy led a research and development center named "Harmonic Data" in Israel starting in 1993, funded in part by the Israel-U.S. Binational Industrial Research and Development Foundation.Harmonic acquired the DiviCom business of C-Cube Microsystems in 2000 for about $1.7 billion in stock.

It acquired the video networking software business of Entone Technologies in 2006 for about $45 million, Rhozet Corporation in 2007, and Scopus Video Networks, Ltd. in 2009.Omneon Video Networks was founded in May 1998, with investors including Advanced Technology Ventures, Norwest Venture Partners, Accel Partners and Invesco.

Omneon co-founder Donald M. Craig designed products that won Technology & Engineering Emmy Awards in 1988 and 1996.

On December 29, 2006 Omneon filed for an initial public offering, and tried again several times in 2007

and 2008 after dropping the "Video Networks" from its name,

but remained private.

On May 6, 2010 Omneon announced it agreed to be acquired by Harmonic for an estimated $274 million.Harmonic sold its line of fiber-optic access products to Aurora Networks in February 2013 for $46 million in cash.On February 29, 2016 Harmonic acquired Thomson Video Networks.In January 2022, SBTVD Forum approved a selection of technologies for SBTVD 3.0 which include MPEG-5 LCEVC, V-NOVA & Harmonic’s submission.

Mission

Harmonic’s mission is to provide the most advanced solutions for our customers to access, distribute, optimize, and manage video content.

Vision

Harmonic’s vision is to be the leading provider of best-in-class software-based solutions that enable cable, satellite, telco, network, and independent regional IPTV operators to easily deliver differentiated and enhanced entertainment services to their customers.

Key Team

Mr. Neven Haltmayer (Sr. VP of R&D - Video Bus.)

Mr. Nimrod Ben-Natan (Sr. VP & GM of Broadband Bus.)

Mr. Jean-Marc Guiot (Sr. VP of Operations & IT)

Mr. Michael Smiley (Fin. & Investor Relations Mang.)

Mr. Timothy C. Chu (Gen. Counsel, Sr. VP of HR & Corp. Sec.)

Ms. Crystele Trevisan-Jallu (Sr. VP of Corp. Marketing & Communications)

Mr. Shahar Bar (Sr. VP of Corp. Devel.)

Recognition and Awards

Harmonic Inc. has won dozens of awards throughout its history, including the 2019 Emmy Award for excellent achievements in engineering and the 2018 NAB Show Product of the Year Award for its virtualized CableOS solution.