Miranda buys out OmniBus Systems

MONTREAL - Broadcast equipment manufacturer Miranda Technologies has bought OmniBus Systems Ltd., the pioneer of IT-based media management and delivery solutions for television and Internet broadcasters, from European private equity firm Palamon Capital Partners for $48.7 million.The company said that the all cash purchase will be financed equally between cash on hand and an existing credit facility.Based in Loughborough, UK, OmniBus Systems has a large installed blue chip customer base which includes ABC, Ascent Media, Astro, AT&T, BBC, Chellomedia, Corus, Direct TV, Discovery, E!, FOX, SkyPerfect TV, Starz, and Turner. Miranda president and CEO, Strath Goodship, said the move means that...