Encoding.com Secures Strategic Series B Investment from Harmonic
Encoding.com and Harmonic strengthen partnership to lead cloud media services.
San Francisco(06 Nov 2014)
Encoding.com, the leader in cloud-based video encoding has announced it has completed a Series B financing led by Harmonic, Inc. (NASDAQ: HLIT), the worldwide leader in video delivery infrastructure and video services. This investment reflects the trend that media companies, broadcasters and cable MSOs continue to take advantage of the cloud to gain the optimal efficiencies for a wide range of video workflows. Harmonic recognizes the disruptive force that cloud computing has become in the media services industry and has chosen to strengthen its existing relationship with Encoding.com, the market leader.
“The stars have aligned with this investment and we are thrilled to work more closely with the Harmonic team,” said Jeff Malkin, president at Encoding.com. “With the strength of Harmonic’s brand and video product experience along with Encoding.com’s advanced cloud-based capabilities, together we offer the most compelling solution for publishers targeting multi-screen video distribution and video production workflows.”
“Encoding.com has pioneered and continues to lead the cloud-based, video software-as-a-service market,” said Patrick Harshman, CEO at Harmonic, Inc. “As the market increasingly embraces the cloud, we look forward to working closely with Encoding.com to offer our customers the most compelling solutions to meet the rapid changes within the video ecosystem.”
This Series B investment, led by Harmonic with participation from Encoding.com’s existing investors, follows on the heels of their existing partnership announced earlier this year in which Encoding.com deployed Harmonic’s ProMedia Carbon broadcast toolset via the Encoding.com cloud. The response to this partnership has already made waves attracting the interest of leading video distributors throughout the industry. The companies will continue to work together to develop and offer Harmonic’s advanced video workflow solutions as a service via the Encoding.com Cloud.
Encoding.com is the largest and most trusted cloud-based video processing service provider. As the pioneer and market leader for enabling multi-screen video delivery, Encoding.com powers advanced workflows for the majority of the Fortune 1000 media, entertainment, cable, broadcast, and technology brands. Offering the most robust feature set in the industry, Encoding.com streamlines transcoding, packaging and video delivery to all mobile, desktop, IPTV, and OTT devices. Headquartered in San Francisco, CA with offices in Aspen, CO and St. Petersburg, Russia, Encoding.com operates in private cloud environments and 12 data centers around the globe. For the latest news, please visit www.encoding.com and follow them @ https://twitter.com/encodingdotcom.
About Harmonic, Inc.
Harmonic (HLIT) is the worldwide leader in video delivery infrastructure for emerging television and video services. The company`s production-ready innovation enables content and service providers to efficiently create, prepare, and deliver differentiated services for television and new media video platforms. More information is available at www.harmonicinc.com.