Harris Buys Encoda for $340 Million

Harris Buys Encoda for $340 Million
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Harris Buys Encoda for $340 Million

In a $340 million deal, Harris is acquiring Encoda Systems Holdings, which makes products for radio, TV and other media.
The deal gives Harris a new line of traffic, billing and program scheduling products, as well as automation systems.
Encoda, which has 700 employees, is made up of what used to be Enterprise Software, Columbine JDS Systems and Drake Automation. It is now a private company owned by several investment groups. It reported revenue for the 12 months ending in June of $124 million.
Jeremy Wensinger, president of Harris' Broadcast Communications Division, said in a statement that the agreement “will position Harris as a preeminent supplier of open, integrated, enterprise-wide workflow systems for any operation that creates, manages and distributes rich media.”