Latest news with #MarcCohen
Associated Press
13-05-2025
- Business
- Associated Press
Harmonic Partners with Evolution Digital to Simplify Fiber Broadband Deployments
Collaboration Strengthens Harmonic's Open ONU Vision, Driving Down Fiber Broadband Deployment Costs SAN JOSE, Calif., May 13, 2025 /PRNewswire/ -- Harmonic (NASDAQ: HLIT) today announced a new partnership with Evolution Digital, a global leader in advanced connectivity solutions, further expanding its roster of interoperable ONU partners and reinforcing the company's commitment to creating an open, flexible fiber broadband ecosystem. This powerful collaboration strengthens Harmonic's mission to empower broadband operators through its Open ONU approach that eliminates vendor lock-in and reduces fiber deployment costs. Harmonic's cOS™ virtualized broadband platform offers seamless interoperability with Evolution Digital's EVO1111XG XGS-PON bridge and EVO6022GP3 integrated Wi-Fi 6 GPON gateway. Integration efforts between the two companies will support additional GPON and XGS-PON devices in the near future. 'We're excited that our ongoing collaboration has led to our inclusion in Harmonic's Open ONU initiative, which reflects a scalable and forward-thinking strategy to support the unique business needs of the global broadband provider community,' said Marc Cohen, chief revenue officer at Evolution Digital. 'Our interoperability with Harmonic's virtualized broadband platform — including support for GPON and 10G-capable fiber-to-the-home devices — enables partners to accelerate deployments and deliver high-quality fiber services more efficiently.' Harmonic's cOS virtualized core software allows operators to support ONU devices from any vendor, now including Evolution Digital. This expanded interoperability empowers broadband providers to choose a CPE that best fits their performance, cost and deployment requirements. As a result, operators can accelerate fiber service rollouts, lower capital expenditures and deliver high-speed connectivity to more subscribers. 'The momentum around ONU interoperability is transforming how operators build and scale their fiber networks,' said Hy Huynh, vice president of fiber products at Harmonic. 'With the addition of Evolution Digital to our growing list of certified ONU partners, we're giving operators more choice and flexibility to deliver high-speed connectivity with unmatched cost efficiency.' Harmonic will demonstrate its fiber broadband solutions at Fiber Connect 2025, June 1-4 in Nashville, in booth 824. Harmonic's market-leading cOS platform powers next-gen broadband services to more than 33 million homes worldwide for leading operators in North America, Europe, Latin America and Asia. To learn more about the cOS platform and range of fiber solutions, visit About Harmonic Harmonic (NASDAQ: HLIT), the worldwide leader in virtualized broadband and video delivery solutions, enables media companies and service providers to deliver ultra-high-quality video streaming and broadcast services to consumers globally. The company revolutionized broadband networking via the industry's first virtualized broadband solution, enabling operators to more flexibly deploy gigabit internet services to consumers' homes and mobile devices. Whether simplifying OTT video delivery via innovative cloud and software platforms, or powering the delivery of gigabit internet services, Harmonic is changing the way media companies and service providers monetize live and on-demand content on every screen. More information is available at Legal Notice Regarding Forward-Looking Statements This press release contains forward-looking statements within the meaning of Section 27A of the Securities Act of 1933 and Section 21E of the Securities Exchange Act of 1934. Statements concerning Harmonic's business and the anticipated capabilities, advantages, reliability, efficiency, market acceptance, market growth, specifications and benefits of Harmonic products, services and technology are forward-looking statements. These statements are based on our current expectations and beliefs and are subject to risks and uncertainties, including the risks and uncertainties more fully described in Harmonic's filings with the Securities and Exchange Commission, including its Annual Report on Form 10-K for the year ended Dec. 31, 2024, its Quarterly Reports on Form 10-Q and its Current Reports on Form 8-K. The forward-looking statements in this press release are based on information available to Harmonic as of the date hereof, and Harmonic disclaims any obligation to update any forward-looking statements. Harmonic, the Harmonic logo and other Harmonic marks are owned by Harmonic Inc. or its affiliates. All other trademarks referenced herein are the property of their respective owners. About Evolution Digital Evolution Digital L.L.C. is a leading provider of a comprehensive suite of integrated video streaming, whole-home Wi-Fi and advanced connectivity products for the global market. We partner with ISPs to deliver reliable, high-performance technologies that enhance their subscribers' connected lifestyles. We take an aggressive approach to product innovation to embrace new technologies that require high-performance, reliable and user-friendly solutions. Learn more at Photo Link: Photo Caption: Harmonic cOS™ Broadband Platform Logo Photo Link: Photo Caption: Evolution Digital EVO1111XG XGS-PON 10G Bridge View original content to download multimedia: SOURCE Harmonic Inc.
Yahoo
13-05-2025
- Business
- Yahoo
Harmonic Partners with Evolution Digital to Simplify Fiber Broadband Deployments
Collaboration Strengthens Harmonic's Open ONU Vision, Driving Down Fiber Broadband Deployment Costs SAN JOSE, Calif., May 13, 2025 /PRNewswire/ -- Harmonic (NASDAQ: HLIT) today announced a new partnership with Evolution Digital, a global leader in advanced connectivity solutions, further expanding its roster of interoperable ONU partners and reinforcing the company's commitment to creating an open, flexible fiber broadband ecosystem. This powerful collaboration strengthens Harmonic's mission to empower broadband operators through its Open ONU approach that eliminates vendor lock-in and reduces fiber deployment costs. Harmonic's cOS™ virtualized broadband platform offers seamless interoperability with Evolution Digital's EVO1111XG XGS-PON bridge and EVO6022GP3 integrated Wi-Fi 6 GPON gateway. Integration efforts between the two companies will support additional GPON and XGS-PON devices in the near future. "We're excited that our ongoing collaboration has led to our inclusion in Harmonic's Open ONU initiative, which reflects a scalable and forward-thinking strategy to support the unique business needs of the global broadband provider community," said Marc Cohen, chief revenue officer at Evolution Digital. "Our interoperability with Harmonic's virtualized broadband platform — including support for GPON and 10G-capable fiber-to-the-home devices — enables partners to accelerate deployments and deliver high-quality fiber services more efficiently." Harmonic's cOS virtualized core software allows operators to support ONU devices from any vendor, now including Evolution Digital. This expanded interoperability empowers broadband providers to choose a CPE that best fits their performance, cost and deployment requirements. As a result, operators can accelerate fiber service rollouts, lower capital expenditures and deliver high-speed connectivity to more subscribers. "The momentum around ONU interoperability is transforming how operators build and scale their fiber networks," said Hy Huynh, vice president of fiber products at Harmonic. "With the addition of Evolution Digital to our growing list of certified ONU partners, we're giving operators more choice and flexibility to deliver high-speed connectivity with unmatched cost efficiency." Harmonic will demonstrate its fiber broadband solutions at Fiber Connect 2025, June 1-4 in Nashville, in booth 824. Harmonic's market-leading cOS platform powers next-gen broadband services to more than 33 million homes worldwide for leading operators in North America, Europe, Latin America and Asia. To learn more about the cOS platform and range of fiber solutions, visit About HarmonicHarmonic (NASDAQ: HLIT), the worldwide leader in virtualized broadband and video delivery solutions, enables media companies and service providers to deliver ultra-high-quality video streaming and broadcast services to consumers globally. The company revolutionized broadband networking via the industry's first virtualized broadband solution, enabling operators to more flexibly deploy gigabit internet services to consumers' homes and mobile devices. Whether simplifying OTT video delivery via innovative cloud and software platforms, or powering the delivery of gigabit internet services, Harmonic is changing the way media companies and service providers monetize live and on-demand content on every screen. More information is available at Legal Notice Regarding Forward-Looking StatementsThis press release contains forward-looking statements within the meaning of Section 27A of the Securities Act of 1933 and Section 21E of the Securities Exchange Act of 1934. Statements concerning Harmonic's business and the anticipated capabilities, advantages, reliability, efficiency, market acceptance, market growth, specifications and benefits of Harmonic products, services and technology are forward-looking statements. These statements are based on our current expectations and beliefs and are subject to risks and uncertainties, including the risks and uncertainties more fully described in Harmonic's filings with the Securities and Exchange Commission, including its Annual Report on Form 10-K for the year ended Dec. 31, 2024, its Quarterly Reports on Form 10-Q and its Current Reports on Form 8-K. The forward-looking statements in this press release are based on information available to Harmonic as of the date hereof, and Harmonic disclaims any obligation to update any forward-looking statements. Harmonic, the Harmonic logo and other Harmonic marks are owned by Harmonic Inc. or its affiliates. All other trademarks referenced herein are the property of their respective owners. About Evolution Digital Evolution Digital L.L.C. is a leading provider of a comprehensive suite of integrated video streaming, whole-home Wi-Fi and advanced connectivity products for the global market. We partner with ISPs to deliver reliable, high-performance technologies that enhance their subscribers' connected lifestyles. We take an aggressive approach to product innovation to embrace new technologies that require high-performance, reliable and user-friendly solutions. Learn more at Photo Link: Caption: Harmonic cOS™ Broadband Platform Logo Photo Link: Caption: Evolution Digital EVO1111XG XGS-PON 10G Bridge View original content to download multimedia: SOURCE Harmonic Inc.
Yahoo
13-05-2025
- Business
- Yahoo
HUB International secures $1.6bn investment at $29bn valuation
HUB International has secured a $1.6bn minority common equity investment, valuing the company at $29bn. In a statement issued on 12 May, HUB said that this valuation is the 'largest enterprise value to date' attained by a private insurance broker. The infusion was led by funds and accounts advised by T. Rowe Price Investment Management, Alpha Wave Global and Temasek, with additional contribution from other investors. HUB was valued at $4.4bn during Hellman & Friedman's initial investment in 2013. The Chicago-based insurance brokerage's valuation grew to $10bn during Altas Partners' minority stake acquisition in 2018 and soared to $23bn during Leonard Green & Partners' investment in 2023. HUB's annual revenue surged to $4.8bn in 2024 from $1.1bn in 2013. The latest infusion furthers HUB's commitment to shareholder liquidity via a Liquid Private Placement, introduced with Leonard Green & Partners' investment in 2023. Hellman & Friedman will continue to hold a controlling interest in HUB and the management team will also maintain a 'significant' equity stake. Altas and Leonard Green & Partners will remain 'significant' minority shareholders and retain their board representation. 'Lack of selling appetite allowed the investment proceeds to provide primary capital for growth initiatives and other general corporate purposes, such as acquisitions, debt repayments, and maintaining excess cash on HUB's balance sheet,' the brokerage said. HUB stated that the investment proceeds will not be used for secondary redemptions of current equity holders. Morgan Stanley Smith Barney and Goldman Sachs were financial advisors to HUB, while Simpson Thacher & Bartlett provided legal counsel for the deal, which is due to close by the end of this month. HUB International chairman and CEO Marc Cohen said: 'Our ongoing investments in innovation, proprietary products, and strategic M&A [mergers and acquisitions], along with our commitment to learning and development, has led to consistent performance and strength in our organic growth and new business generation.' Recently, HUB acquired the assets of Allegiant Global Partners, a US-based consultancy, as part of its expansion strategy. "HUB International secures $1.6bn investment at $29bn valuation " was originally created and published by Life Insurance International, a GlobalData owned brand. The information on this site has been included in good faith for general informational purposes only. It is not intended to amount to advice on which you should rely, and we give no representation, warranty or guarantee, whether express or implied as to its accuracy or completeness. You must obtain professional or specialist advice before taking, or refraining from, any action on the basis of the content on our site.
