Imagine Communications has closed its acquisition of RGB Networks, a deal announced last month that expands Imagine's ad insertion, video encoding and cloud DVR technology and expertise.
Imagine still has not disclosed the value of the deal, but said when it was announced that about 100 RGB employees would be joining Imagine alongside a plan to merge RGB’s and Imagine’s operations in Sunnyvale, Calif.
“RGB Networks’ technology, people and customers complement and accelerate our vision and roadmap defined by IP, software, cloud and multiscreen,” Imagine CEO Charlie Vogt said in a memo announcing the closure of the deal, its fourth acquisition in the last 12 months. “Video is increasingly at the center of social networking and the media and entertainment we consume. Imagine Communications is poised to lead the industry into the new frontier,” he added.
