Harris Corporation has signed an agreement to acquire Encoda Systems. Encoda supplies software and service solutions for broadcast media industry, including television, radio, cable, satellite, and advertising agency customers around the world.

Encoda's end-to-end workflow solutions include traffic and billing and programme-scheduling
systems that are broadcast industry standards. Harris issued a release stating that Encoda's automation and media asset management solutions are very complementary to its existing automation business.

Harris will acquire Encoda Systems for approximately $340 million in cash, subject to post-closing
adjustments, customary closing conditions, and regulatory approvals. The transaction is expected to close in early November.

Harris claims that with this acquisition it will be able to offer end-to-end workflow solutions -software, hardware, and services -- for customers worldwide.