Harris Corporation Completes Encoda Systems Acquisition
November 03 2004 - 12:40PM
PR Newswire (US)
Harris Corporation Completes Encoda Systems Acquisition MELBOURNE,
Fla., Nov. 3 /PRNewswire-FirstCall/ -- Harris Corporation
(NYSE:HRS) announced today that it has completed the previously
announced acquisition of Encoda Systems Holdings, Inc. Encoda is
the leading global supplier of end-to-end broadcast enterprise
software and services solutions including traffic and billing
systems, program scheduling, master control play-to-air automation
and digital asset management. The company serves more than 600
customers in 34 countries and had revenue for the 12 months ended
June 30, 2004, of $124 million. Encoda had previously been owned by
an investment group that included Thomas H. Lee Partners,
Blackstone Capital Partners, Spire Capital Partners, and Evercore
Capital Partners, among others. Harris Corporation is an
international communications technology company focused on
providing assured communications(TM) products, systems and services
for government and commercial customers. The company's operating
divisions serve markets for government communications, tactical
radio, broadcast and microwave systems. Harris provides systems and
service to customers in more than 150 countries. Additional
information about Harris Corporation is available at
http://www.harris.com/ . DATASOURCE: Harris Corporation CONTACT:
Media, Tom Hausman, +1-321-727-9131, or , or Investor Relations,
Pamela Padgett, +1-321-727-9383, or , both of Harris Corporation
Web site: http://www.harris.com/
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