Video Tech Firm Harmonic Buys Transcoding Firm Rhozet for $15.5 Million

Video compression technology firm Harmonic (Nasdaq: HLIT) has bought Rhozet, a Santa Clara, CA-based media transcoding company whose services are used in Internet, mobile and broadcast applications. The price: $15.5 million. Rhozet’s clients inlcude Amazon.com, MSN and Yahoo. More details in release.

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