Software and Services
Broadcasting Automation Services
UK-headquartered OmniBus developed, sold and implemented software for TV broadcasting systems. Palamon acquired OmniBus from the administrators of its former German listed parent.
At the time of the investment, the market for TV broadcasting technology was undergoing significant change driven by the digitisation of media content enabling more efficient electronic workflows. OmniBus had a strong position at the higher end of the market and strong innovation capability.
Leading broadcasters around the world installed iTX, including; the BBC, MTV, Discovery, Disney, CBS, and DirecTV. Despite the global recession from 2008, OmniBus continued strong growth in profitability and its unique strategic position made it a compelling acquisition target for trade buyers.
Omnibus was sold in September 2010 for €36.4 million to the listed Canadian firm, Miranda Technologies.