Market Newsdesk

Credit union selects Jack Henry for long-term stability and support

MONETT, Mo.
, March 19, 2025 /PRNewswire/ — Jack Henry™ (Nasdaq: JKHY) is pleased to announce that Capital Credit Union converted to Jack Henry’s Symitar^® platform and complementary products to support its future growth. 

The credit union dates back to 1936, founded by state employees meeting in the North Dakota Capitol building with a mission to support financial well-being and provide reliable credit. Over the years, the credit union flourished, through organic growth and mergers to expand its reach and impact. Today, Capital Credit Union has over $800 million in assets, and it remains dedicated to supporting the financial success of its more than 32,000 members.

After experiencing eightfold growth in 18 years, the credit union’s existing core platform could no longer support its long-term growth objectives. It was crucial for Capital to find a provider that could enhance support and service while also positioning them to meet increased demands related to security and data encryption. The institution was impressed by Jack Henry’s strong reputation as the largest core provider for credit unions over $1 billion in assets and a leader in the $250 million to $1 billion asset segment. Capital Credit Union also valued Jack Henry’s dedication to, and reputation for, exceptional customer service and support.

“Our decision to convert to Jack Henry is an investment in the future of our organization and members,” said Kurt Schmidt, Chief Information Officer of Capital Credit Union. “We’re pleased with how thorough, responsive, and efficient the Jack Henry team has been, both from a technical and training perspective. While it’s still relatively early for us in the conversion process, Jack Henry’s user-friendly experience will empower more employees to work directly with the technology in areas important to us. This should help us with competitive differentiators while helping us free up resources that can be used to offer even stronger member benefits and service.”

The credit union moved to an outsourced core model, trusting Jack Henry’s comprehensive, broad-based system to maintain its technology while enabling employees to focus on meaningful differentiators and member service. For example, they’ve worked on increasing member security from a holistic perspective, along with additional workflow solutions and advanced reporting capabilities to improve their member experiences. By consolidating under one vendor, they gained integrated solutions and streamlined support, helping their technology and teams work more efficiently together. 

“We appreciate when credit unions like Capital Credit Union choose us for our innovation and service, which have been core to both our culture and success,” added Brynn Ammon, President of Credit Union Solutions at Jack Henry. “Capital Credit Union has been a cornerstone of its community for 90 years, and we are honored to be the technology provider of choice to help them continue that legacy.”

About Jack Henry & Associates, Inc.^® 
Jack Henry™ (Nasdaq: JKHY) is a well-rounded financial technology company that strengthens connections between financial institutions and the people and businesses they serve. We are an S&P 500 company that prioritizes openness, collaboration, and user centricity – offering banks and credit unions a vibrant ecosystem of internally developed modern capabilities as well as the ability to integrate with leading fintechs. For more than 48 years, Jack Henry has provided technology solutions to enable clients to innovate faster, strategically differentiate, and successfully compete while serving the evolving needs of their accountholders. We empower approximately 7,500 clients with people-inspired innovation, personal service, and insight-driven solutions that help reduce the barriers to financial health. Additional information is available at www.jackhenry.com.

 

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SOURCE Jack Henry & Associates, Inc.

Mat Povse takes the helm of Canada’s largest consumer electronics retailer.

VANCOUVER, BC
, March 19, 2025 /CNW/ – Best Buy Canada welcomes Mat Povse as the company’s new President. Mat, a familiar face within the company, steps into this role after an impressive 11-year journey with Best Buy Canada.

Prior to President, Mat held several roles in the company, most recently as Senior Vice President of Best Buy Retail, Geek Squad Services and Best Buy Business, where he and his team were responsible for hundreds of stores, thousands of Blue Shirts and Agents and millions of customers.

In his time at Best Buy, his teams spearheaded transformative initiatives such as the introduction of small format stores and the launch of Best Buy Canada’s membership and Monthly Subscription programs, significantly boosting customer and employee engagement. His teams also grew Wireless, Home Theatre, and led the national expansion of Major Appliances at Best Buy Canada. 

Mat’s passion for connecting with people, solving problems, and continuous improvement shines both at work and at home. He believes in creating a workplace that everyone loves, valuing time, and having fun along the way.

“It’s really simple. It’s up to all of us to create a place we love, to spend others’ time well, and to have fun while we’re at it – it’s amazing to work for a company whose values are ones not just to work by, but to live by,” said Mat. 

Mat’s selection as President followed a rigorous process involving input and voting by the company’s Board of Directors, CEO, and US Executive team. He succeeds Ron Wilson, who recently retired after an incredible 34-year career with the company.

About Best Buy Canada

A wholly owned subsidiary of Best Buy Co., Inc. (NYSE:BBY), Best Buy Canada Ltd. is one of Canada’s largest and most innovative omnichannel retailers, operating the Best Buy, Best Buy Mobile, Best Buy Express and Geek Squad (www.geeksquad.ca) brands. With over 320 Best Buy, Best Buy Mobile and Best Buy Express stores across Canada and an expanded assortment of lifestyle products offered through BestBuy.ca, Best Buy is a leader in total retail, catering to customers how, when, and where they want to shop. Best Buy Canada is committed to making a positive impact in the community with programs and partnerships that support youth to connect with technology to advance their education. For more information, visit BestBuy.ca.

 

SOURCE Best Buy Canada Ltd.

Enterprise-grade collaboration platform delivers enhanced security and deployment flexibility for defense and government organizations

AUSTIN, Texas and PALO ALTO, Calif., March 19, 2025 /PRNewswire/ — Oracle and Mattermost today announced that the Mattermost Collaboration Suite is available through the Oracle Cloud Marketplace. Together, Oracle and Mattermost are helping accelerate mission-critical work for defense, government, and critical infrastructure organizations worldwide.

The Mattermost Collaboration Suite provides secure collaboration, mission-critical ChatOps, and workflow tools for commercial, government, defense, and intelligence teams. Running on Oracle Cloud Infrastructure (OCI), the Mattermost Collaboration Suite enables organizations to quickly deploy mission-critical workflows with enhanced security, scalability, and performance.

“The Mattermost Collaboration Suite delivers a secure and modular collaboration solution to help customers command, control, and maintain operational agility for their government and classified workloads,” said Ian Tien, CEO, Mattermost. “Our presence on the Oracle Cloud Marketplace reinforces our commitment to the government and defense community and simplifies access to the Mattermost Collaboration Suite’s powerful features. We are excited to leverage OCI’s scalability and sovereignty capabilities to continue delivering on this commitment.”

The Mattermost Collaboration Suite enables rapid deployment and seamless scaling across distributed environments. It helps organizations efficiently schedule jobs, increase reliability with automatic upgrades, and securely patch both control plane and worker nodes.

Additionally, customers deploying the Mattermost Collaboration Suite on OCI gain access to:

• Automated scaling and load balancing capabilities through OCI’s advanced orchestration.
• Enhanced security features including end-to-end encryption and air-gapped deployment options.
• Flexible deployment across public and sovereign cloud environments.
• Native integration with OCI Identity and Access Management.
• Support for both classified and unclassified workloads.
• Low-latency performance with consistent SLAs and global pricing.

“Mattermost delivers a secure and modular solution for our OCI customers, helping them maintain command, control, and operational tempo for today’s complex governments,” said Rand Waldron, vice president, Oracle. “Our partnership with Mattermost helps deliver streamlined collaboration, enhanced security, and greater flexibility to our combined customers.”

Mattermost is the newest partner in Oracle’s defense ecosystem, which allows our global defense partners to rapidly implement the world’s leading defense technology through Oracle Cloud Isolated Regions. The company has a proven track record of supporting operations within organizations like the U.S. Department of Defense, U.S. Air Force, NASA, and with other global partners.

About Oracle’s Partner Program
Oracle’s partner program helps Oracle and its partners drive joint customer success and business momentum. The newly enhanced program provides partners with choice and flexibility, offering several program pathways and a robust range of foundational benefits spanning training and enablement, go-to-market collaboration, technical accelerators, and success support. To learn more, visit https://www.oracle.com/partner/.

About Mattermost
Mattermost is the leading collaboration and workflow platform for mission-critical work. We serve national security, government, and critical infrastructure enterprises, from the U.S. Department of Defense, to global tech giants, to utilities, banks, and other vital services. We accelerate out-of-band incident response, DevSecOps workflow, mission operations, and self-sovereign collaboration to bolster the focus, adaptability, and resilience of the world’s most important organizations. For more information visit mattermost.com.

About Oracle
Oracle offers integrated suites of applications plus secure, autonomous infrastructure in the Oracle Cloud. For more information about Oracle (NYSE: ORCL), please visit us at www.oracle.com.

Trademarks
Oracle, Java, MySQL and NetSuite are registered trademarks of Oracle Corporation. NetSuite was the first cloud company—ushering in the new era of cloud computing.

 

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SOURCE Oracle

BROOKLYN, N.Y.
, March 19, 2025 /PRNewswire/ — Etsy, Inc. (Nasdaq: ETSY), which operates two-sided online marketplaces that connect millions of passionate and creative buyers and sellers around the world, today announced that on March 17, 2025, Etsy granted an inducement performance stock unit award consisting of 45,064 shares of Etsy’s common stock to Lanny Baker, who joined Etsy as its Chief Financial Officer effective January 1, 2025.

The awards were granted under the Etsy, Inc. 2024 Inducement Plan (the “2024 Inducement Plan”) as a material inducement to Mr. Baker’s entering into employment with Etsy, in accordance with Nasdaq Listing Rule 5635(c)(4). The performance stock units are earned based on Etsy’s achievement of certain performance targets set by Etsy’s Compensation Committee, and vest over a three year performance period subject to continued employment with Etsy through each vesting date. The performance stock units are subject to the terms and conditions of the 2024 Inducement Plan and the terms and conditions of a performance stock unit agreement covering the grant.

The 2024 Inducement Plan was adopted by Etsy’s Board of Directors on December 12, 2024, and may only be used for grants to employees commencing employment with Etsy, or being rehired following a bona fide period of non-employment, and must provide a material inducement to entering into such employment, pursuant to Nasdaq Listing Rule 5635(c)(4).

About Etsy

Etsy, Inc. operates two-sided online marketplaces that connect millions of passionate and creative buyers and sellers around the world. These marketplaces share a mission to “Keep Commerce Human,” and we’re committed to using the power of business and technology to strengthen communities and empower people. Our primary marketplace, Etsy.com, is the global destination for unique and creative goods. Buyers come to Etsy to be inspired and delighted by items that are crafted and curated by creative entrepreneurs. For sellers, we offer a range of tools and services that address key business needs.

Etsy, Inc.’s “House of Brands” portfolio also includes Reverb Holdings, Inc. our musical instrument marketplace, and Depop Limited, our fashion resale marketplace. Each Etsy, Inc. marketplace primarily operates independently, while benefiting from shared expertise in product development, marketing, technology, and customer support.

Etsy was founded in 2005 and is headquartered in Brooklyn, New York.

Etsy has used, and intends to continue using, its Investor Relations website and the Etsy News Blog (etsy.com/news) to disclose material non-public information and to comply with its disclosure obligations under Regulation FD. Accordingly, you should monitor our investor relations website and the Etsy News Blog in addition to following our press releases, SEC filings, and public conference calls and webcasts.

Investor Relations Contact:
Deb Wasser, Vice President, Investor Relations
Sarah Marx, Director, Investor Relations
[email protected]

Media Relations Contact:
Lauren Bayse, Sr. Director, Corporate Communications
[email protected]

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SOURCE Etsy, Inc.

Now through April 1, House of Fun’s in-game chef feature dishes up a side of giving as players can participate to work towards milestone markers in support of the game’s donation to Meals on Wheels America

HERZLIYA, Israel, March 19, 2025 /PRNewswire/ — House of Fun (HoF), a free-to-play slots game from Playtika, is launching Chef Academy, a limited-time feature that lets players support a meaningful cause while enjoying their favorite game. From now until April 1, 2025, players can help support non-profit organization Meals on Wheels America in its efforts to ensure homebound seniors receive the nutritious meals and moments of human connection they need, proving that there is no bigger win than doing some good.

During this in-game event, players will team up with a virtual chef to complete challenges and unlock special rewards, all while HoF Deeds helps Meals on Wheels America. As players progress in Chef Academy, they will collect Deeds, ultimately supporting a donation to Meals on Wheels America and the nationwide network of local providers it supports.

“We are always looking for ways to reinforce our support and commitment to the communities in which our players live,” says Mor Biran Yaron, General Manager of House of Fun. “By partnering with Meals on Wheels America, not only are we creating a fun and engaging way to give back but also supporting the seniors who are so vital in enriching the lives of our players and those around them.”

“Through this collaboration, Playtika and House of Fun are reinforcing their commitment to meaningful community impact by supporting Meals on Wheels America’s’ vital mission. By contributing to its efforts, we aim to help sustain and expand the reach of Meals on Wheels services to those in need,” said Mor Biran Yaron, General Manager of House of Fun.

“We’re incredibly grateful to be included in this in-game activation with House of Fun”, said Len Walder, Senior Director, Corporate Partnership at Meals on Wheels America. “Thanks to funds and awareness raised through this collaboration, Meals on Wheels America is better equipped to support local senior nutrition programs across the country as they provide homebound seniors with nutritious meals and moments of meaningful connection.”

Join in on the fun in giving back by downloading House of Fun for free on the App Store or Google Play, or at https://www.houseoffun.com.

About House of Fun
House of Fun®, a global title from Playtika (NASDAQ:PLTK), is one of the most popular free slots themed games in the world. The game offers a unique combination of Vegas-inspired free slots alongside new and fun entertainment, including free daily prizes and album collections. As part of HOF’s vision, we launched an environmental initiative by the name of “HOF Deeds™”, an ongoing series of campaigns enabling players to contribute to communities while spinning their favourite slots for free.

About Playtika
Playtika Holding Corp. (NASDAQ: PLTK) is a mobile gaming entertainment and technology market leader, known for its innovative approach to free-to-play games. Founded in 2010, Playtika was among the first to bring social gaming to mobile platforms, offering engaging experiences to millions of players worldwide. Headquartered in Herzliya, Israel, and guided by a mission to entertain the world through infinite ways to play, Playtika operates a diverse portfolio of games and has employees across offices worldwide.

About Meals on Wheels America
Meals on Wheels America is the leadership organization supporting the more than 5,000 community-based programs across the country that are dedicated to addressing senior hunger and isolation. Powered by a trusted volunteer workforce, this network delivers a comprehensive solution that begins with a meal and is proven to enable independence and well-being through the additional benefits of tailored nutrition, social connection, safety and much more. By providing funding, programming, education, research and advocacy, Meals on Wheels America empowers its local member programs to strengthen their communities, one senior at a time. For more information, or to find a Meals on Wheels provider near you, visit www.mealsonwheelsamerica.org. 

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SOURCE Playtika Holding Corp.

Lightspeed’s Generative AI web builder creates bespoke websites based on screenshot examples, eliminating the need for manual coding; helping retailers save both time and money

MONTREAL
, March 19, 2025 /PRNewswire/ – Lightspeed Commerce Inc. (NYSE: LSPD) (TSX: LSPD) (“Lightspeed” or the “Company“), the one-stop commerce platform empowering merchants to provide the best omnichannel experiences, today announced a cutting-edge new AI-driven website building tool, designed to help retail merchants generate web pages from a simple screen grab.

No need for manual coding or third party developers. This innovative tool lets retailers create custom web elements without coding by using AI to analyze screen captures and generate production-ready code. Merchants simply describe or show Lightspeed’s Website Builder what they want using real-world examples, and the tool builds them fully integrated, professional-looking online stores with speed and ease.  This democratization of web building can save retailers time and money, reduce complexity, and deliver beautifully on-brand websites in minutes.

“Designing a website in-house can be time-consuming, frustrating, and complex for many merchants. Without design expertise or coding skills, they can often spend significant time experimenting with layouts, adjusting branding elements, and troubleshooting issues to get their store looking just right,” said Dax Dasilva, Founder and CEO at Lightspeed. “Our goal is to remove the friction from website design and give merchants the power to iterate at the speed of commerce. This AI-driven technology is a leap forward in ecommerce efficiency, which can help businesses of all sizes create compelling digital experiences effortlessly.”

“As a self-taught entrepreneur, I built my web store from the ground up but would often hit roadblocks due to my skills and available tools. With this new solution, I’ve been able to create custom sections that perfectly match my vision—without needing external help,” said Ryan Pratt, Owner of Colorado-based shoe store Treadz. “AI can be a game-changer for my online business, and I’m excited to see how Lightspeed is bringing these innovations into their platform.”

Lightspeed’s AI-powered website builder is currently available in beta version with select Lightspeed merchants, with broader availability expected later this year.

Lightspeed powers the world’s best brands and retailers including: Birkenstock (Australia) and Neal’s Yard (London). Lightspeed Retail is currently available in Canada, the United States, the United Kingdom, Belgium, the Netherlands, Australia, and New Zealand.

Dive into the transformative features of Lightspeed Retail on our website.

About Lightspeed

Powering the businesses that are the backbone of the global economy, Lightspeed’s one-stop commerce platform helps merchants innovate to simplify, scale, and provide exceptional omnichannel customer experiences. Our cloud commerce solution transforms and unifies online and physical operations, multichannel sales, expansion to new locations, global payments, financial solutions, and connection to supplier networks.

Founded in Montréal, Canada in 2005, Lightspeed is dual-listed on the New York Stock Exchange and Toronto Stock Exchange (NYSE: LSPD) (TSX: LSPD). With teams across North America, Europe, and Asia Pacific, the Company serves retail, hospitality, and golf businesses in over 100 countries.

Follow us on social media: LinkedIn, Facebook, Instagram, YouTube, and X.

Forward-Looking Statements

This news release may include forward-looking information and forward-looking statements within the meaning of applicable securities laws (“forward-looking statements“), including information regarding Lightspeed’s product offerings and planned product roadmap. Forward-looking statements are statements that are predictive in nature, depend upon or refer to future events or conditions and are identified by words such as “will”, “expects”, “anticipates”, “intends”, “plans”, “believes”, “estimates” or similar expressions concerning matters that are not historical facts. Such statements are based on current expectations of Lightspeed’s management and inherently involve numerous risks and uncertainties, known and unknown, including economic factors. A number of risks, uncertainties and other factors may cause actual results to differ materially from the forward-looking statements contained in this news release, including, among other factors, those risk factors identified in our most recent Management’s Discussion and Analysis of Financial Condition and Results of Operations, under “Risk Factors” in our most recent Annual Information Form, and in our other filings with the Canadian securities regulatory authorities and the U.S. Securities and Exchange Commission, all of which are available under our profiles on SEDAR+ at www.sedarplus.com and on EDGAR at www.sec.gov. Readers are cautioned to consider these and other factors carefully when making decisions with respect to Lightspeed’s subordinate voting shares and not to place undue reliance on forward-looking statements. Forward-looking statements contained in this news release are not guarantees of future performance and, while forward-looking statements are based on certain assumptions that Lightspeed considers reasonable, actual events and results could differ materially from those expressed or implied by forward-looking statements made by Lightspeed. Except as may be expressly required by applicable law, Lightspeed does not undertake any obligation to update publicly or revise any such forward-looking statements, whether as a result of new information, future events or otherwise.

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SOURCE Lightspeed Commerce Inc.

The announcement comes as 71% of U.S. homeowners plan to update their home exterior with stain and 81% with
paint in 2025, according to a new study by Behr¹

SANTA ANA, Calif.
, March 19, 2025 /PRNewswire/ — Behr Paint Company has selected Cedar, a warm, earthy hue inspired by the natural tones of cedarwood, as its 2025 Exterior Stain Color of the Year. The launch comes as 82% of homeowners are choosing to invest in the look and feel of their current home instead of buying a new home this year, according to a new study by Behr.

“As the spring season turns consumer attention to outdoor projects, Cedar is the perfect choice for homeowners looking to apply an inviting shade to exterior wood surfaces,” said Andy Lopez, Sr. Vice President, Head of Marketing at Behr Paint Company. “Cedar not only reflects the current consumer desire for natural, earthy tones, but it also combines classic characteristics with quality performance that will stand the test of time.”

Alongside the Exterior Stain Color of the Year, Behr is also unveiling the brand’s second annual Curb Appeal Collection to help homeowners simplify the color selection process and amplify the exterior aesthetics of their homes. In fact, 84% of homeowners say they would consider painting the exterior of their home a different color, but about half (51%) of homeowners believe there are too many factors when making an exterior paint choice. That is why Behr curated a collection of 45 on-trend exterior paint colors to take the guesswork out of the painting journey — whether a homeowner is planning a full home exterior transformation or tackling smaller projects like refreshing their front door or window trim. The colors draw inspiration from emerging trends shaping home exterior environments today and showcase a range of hues from natural, earthy tones to vibrant pops of color. As the desire for more personalized home design grows, the collection blends timeless elegance with contemporary vitality to meet diverse tastes.

“Cedar is a warm and earthy light golden-brown. It holds a richness and depth that enhances the natural beauty of wood for an elevated experience,” said Erika Woelfel, Vice President of Color and Creative Services at Behr Paint Company. “Its tonality complements a variety of architectural styles, from minimalist modern to casual craftsman, and pairs perfectly with our latest Curb Appeal Collection.”

Homeowners can seamlessly pair Cedar with the Curb Appeal Collection colors to achieve a cohesive look when updating their decks, porches, fences, doors and more. In fact, Behr has further simplified the color exploration by providing four sub-palettes within the Curb Appeal Collection that reflect various design styles:

• Classic Haven: Blends soft neutrals like whites and beiges with bold hues like deep grays, blues, and reds, including the BEHR® 2025 Color of the Year, Rumors. This sophisticated palette creates a timeless, refined curb appeal for heritage or classic-style homes.
• Modern Escape: Features bold, lively hues like yellow, teal, and orange, paired with subtle whites and grays. This palette creates a fresh, modern, and inviting look that is perfect for sleek, contemporary homes.
• Casual Oasis: Offers a laid-back, tranquil atmosphere with soft grays, creamy whites, and gentle blues. This coastal-inspired palette creates a light, airy exterior, perfect for a relaxed and inviting curb appeal.
• Artisan Retreat: Showcases earthy neutrals, warm browns, and subtle grays, accented by vibrant oranges and reds. This grounding, textured palette evokes the handcrafted beauty of homes, creating a warm, welcoming exterior.

The BEHR^® 2025 Exterior Stain Color of the Year is available exclusively at The Home Depot in a variety of BEHR^® Products including the #1 Rated Exterior Stain, according to a leading independent consumer publication, BEHR PREMIUM® Solid Color Premium Waterproofing Exterior Stain, as well as BEHR PREMIUM® Semi-Transparent Waterproofing Exterior Stain, BEHR PREMIUM® Transparent Waterproofing Wood Finish Penetrating Oil, BEHR PREMIUM® ADVANCED DECKOVER®, BEHR® Solid Color House & Fence Wood Stain, and BEHR® DECKPLUS®.

To learn more about Cedar visit behr.com/2025staincoty and explore the Curb Appeal Collection at behr.com/2025curbappeal.

About Behr Paint Company


Founded in 1947, Behr Paint Company is one of the largest manufacturers of paints, primers, decorative finishes, stains, surface preparation and application products for do-it-yourselfers and professionals in the United States, Canada, and Mexico. The Santa Ana, Calif.-based company, and maker of BEHR^®, KILZ^® and WHIZZ^® brands, are dedicated to meeting the project needs of DIYers, designers and professional paint contractors with an unwavering commitment to quality, innovation, and value. For more information, visit Behr.com. Professional paint contractors and designers can visit Behr.com/Pro to learn about products, color tools and services. Behr Paint Company is a subsidiary of Masco Corporation (NYSE: MAS).
CONTACT: [email protected]
Behr and the Behr logo are registered trademarks of Behr Process LLC.

¹
Behr commissioned an online survey among n=1,000 American homeowners 18 years of age and older. Data is balanced across age, gender, race/ethnicity, and region. The survey was fielded between February 20-26, 2025. The margin of error (MOE) for the total sample is +/- 3 percentage points

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SOURCE Behr Paint Company

Bold New Capabilities Include AI-Enabled Closed Captioning, Streamlined Primary Distribution and Support for DTV+

SAN JOSE, Calif.
, March 19, 2025 /PRNewswire/ — Harmonic (NASDAQ: HLIT) today announced significant new enhancements to the company’s XOS Advanced Media Processor to elevate video streaming and broadcast delivery. Harmonic is pushing video innovation forward with new AI-powered applications that boost efficiency and reduce costs, the introduction of a new XOS appliance that simplifies primary distribution and support for Brazil’s DTV+ standard. Showcased at the 2025 NAB Show, these innovations reinforce the XOS media processor as a cutting-edge solution for evolving video streaming and broadcast requirements.

“As the video industry strives for efficiency, Harmonic continues to innovate with an all-in-one solution for media processing and distribution,” said Gil Rudge, senior vice president, solutions and Americas sales, video business at Harmonic. “Feature collapse is central to our appliance strategy, and we’re elevating that approach with the evolution of our XOS media processor. The new enhancements highlight our commitment to helping service providers and broadcasters streamline operations while reducing costs and maximizing efficiency.”

Bringing AI Innovation On-Premises
Leveraging AI, Harmonic is extending exciting new capabilities to the XOS media processor, starting with automated closed captioning. Collapsing innovative AI-powered features into a single on-premises video appliance enhances efficiency, improves accessibility and significantly reduces operational costs by eliminating the need for manual processing.

Streamlining Primary Distribution
Harmonic is introducing a new XOS appliance, broadening support for distribution applications and reducing the cost of primary distribution for small-channel-count use cases. The XOS media processor is an efficient edge processing solution that supports a range of workflows, from those with just a few channels to more complex, high-channel-count systems. As the video industry shifts from satellite to IP-based delivery, the XOS solution ensures service providers have the flexibility to support reception of both satellite and IP incoming feeds to ensure a seamless migration. Combined with Harmonic’s DMS-X distribution management system, the XOS media processor provides a unified and scalable solution for satellite and IP distribution.

Gearing Up Broadcasters for DTV+ Delivery
The XOS media processor now supports Brazil’s next-gen DTV+ system through the integration of state-of-the-art video (VVC and LCEVC) and audio (MPEG-H) codecs, future-proofing the delivery of terrestrial digital TV. This enhancement allows Brazilian broadcasters to efficiently deliver video across legacy ISDB-Tb, new DTV+ and OTT networks using a single solution. Advanced media processing features on the XOS media processor enable broadcasters to deliver pristine UHD video quality, ensuring an exceptional viewing experience.

Harmonic will demonstrate the latest advancements to the XOS Advanced Media Processor at the 2025 NAB Show, April 6-9 in booth W2821. To schedule a meeting with Harmonic, visit www.harmonicinc.com/video-streaming/events/nab. More information about Harmonic and the company’s solutions is available at www.harmonicinc.com.

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 www.harmonicinc.com. 

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.

Photo Link:
www.202comms.com/Harmonic/Harmonic-XOS.jpg

Photo Caption: Harmonic XOS Advanced Media Processor

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SOURCE Harmonic Inc.