Harmonic Inc. (NASDAQ: HLIT) and Omneon, Inc. have signed a definitive agreement pursuant to which Harmonic would acquire Omneon for an enterprise value of approximately $274 million in cash and Harmonic stock. The proposed acquisition would combine Harmonic’s position in video delivery infrastructure with Omneon’s technology for the production, management and distribution of digital media.

Omneon’s customer base includes the BBC, BSkyB, CBS, Comcast, Discovery Communications, Echostar, NBC Universal, News Corporation, Televisa, Turner Broadcasting System, Viacom and many other leading media companies worldwide. For the year ended December 31, 2009, Omneon’s revenues were approximately $105 million, of which 67 percent were outside the United States, with no single customer representing more than 10 percent of total revenue. Omneon’s gross margin was 58 percent in 2009. Omneon has approximately 280 employees worldwide, and is headquartered in Sunnyvale, California, with research and development facilities in Sunnyvale and Beaverton, Oregon.