TiVo Inc. : TiVo and Pace Announce Global Partnership
02/22/2012| 08:48am US/Eastern
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ALVISO, CA, Feb 22, 2012 (MARKETWIRE via COMTEX) --TiVo Inc.
(NASDAQ: TIVO), the creator of and a leader in advanced
television services including digital video recorders (DVRs),
and Pace (LSE: PIC), a leading developer of technologies,
products and services for service providers, today announced
plans to port TiVo's award-winning software to Pace's
set-top boxes and gateways. This development will further
enable operators around the world to quickly and
cost-effectively deploy the renowned TiVo consumer experience
to a selection of Pace devices.
"This global partnership with Pace is another step in
achieving our constant goal of providing the TiVo service to
an ever-expanding audience," said Tom Rogers, CEO and
President of TiVo. "The integration of TiVo's
advanced television software with Pace's service provider
optimized platforms will allow our mutual partners to offer
TiVo's best-in-class linear and broadband TV experience
with their choice of hardware. This answers strong interest
from TiVo's growing list of service providers deploying
the TiVo experience to their customers."
Pace has licensed TiVo's Hardware Porting Kit and will
work with TiVo to build a TiVo-verified platform which will
provide operators licensing the TiVo solution the choice of
utilizing Pace set-top boxes and gateways. To simplify
operational integration and speed to market, the solution
will leverage Pace's proven provisioning and device
management capabilities and provide integrated high-speed
data connectivity for broadband communications and content
delivery.
The solution will also harness TiVo's whole-home
capabilities, such as multi-room streaming and support for
both traditional set-top and IP clients, including TiVo's
mobile and tablet applications.
"We are thrilled to be working with TiVo as they have a
great solution for operators looking to answer their
customers' increased demand for advanced and hybrid TV
capabilities," said Mike Pulli, CEO of Pace plc.
"We've seen increased interest from all segments of
our service provider business to integrate the TiVo solution.
In working together, we will provide an offering which
seamlessly marries the operator's television and Internet
services in an elegant and easy to use product for their end
users."
Pace intends to offer implementations for both DVR and
advanced gateway set-top boxes globally, with an initial
product to be made available to cable operators in the
Americas.
U.S. operators currently deploying TiVo offerings to their
customers include Charter, DIRECTV, RCN, Suddenlink and
Grande Communications, and European operators include Virgin
Media, the largest cable operator in the UK, and ONO, the
largest cable operator in Spain.
About TiVo Inc. Founded in 1997, TiVo Inc. (NASDAQ: TIVO)
developed the first commercially available digital video
recorder (DVR). TiVo offers the TiVo service and TiVo DVRs
directly to consumers online at www.tivo.com and through
third-party retailers. TiVo also distributes its technology
and services through solutions tailored for cable, satellite
and broadcasting companies. Since its founding, TiVo has
evolved into the ultimate single solution media center by
combining its patented DVR technologies and universal cable
box capabilities with the ability to aggregate, search, and
deliver millions of pieces of broadband, cable, and broadcast
content directly to the television. An economical,
one-stop-shop for in-home entertainment, TiVo's intuitive
functionality and ease of use puts viewers in control by
enabling them to effortlessly navigate the best digital
entertainment content available through one box, with one
remote, and one user interface, delivering the most dynamic
user experience on the market today. TiVo also continues to
weave itself into the fabric of the media industry by
providing interactive advertising solutions and audience
research and measurement ratings services to the television
industry www.tivo.com
TiVo, TiVo Logo, and Trick Play are trademarks or registered
trademarks of TiVo Inc. or its subsidiaries worldwide.
Copyright2011 TiVo Inc. All rights reserved. All other
trademarks are the property of their respective owners.
About Pace Pace (LSE: PIC) creates technologies, software,
hardware and services for the broadcast and broadband
industries. Pace solutions empower cable, telco and satellite
operators to simply and cost-effectively innovate at the
speed they want, in the way they want for their subscribers.
Pace has built up its experience and expertise over 30 years
and this is recognized by a customer base of over 160
operators around the globe.
Headquartered in the UK, Pace operates in markets across the
world, and employs around 2300 people in locations that also
include the USA, France, India and China. For more
information on Pace, please visit www.pace.com.
This release contains forward-looking statements within the
meaning of the Private Securities Litigation Reform Act of
1995. These statements relate to, among other things,
Pace's intention to offer TiVo solutions for both DVR and
advanced gateway set-top boxes. Forward-looking statements
generally can be identified by the use of forward-looking
terminology such as, "believe," "expect,"
"may," "will," "intend,"
"estimate," "continue," or similar
expressions or the negative of those terms or expressions.
Such statements involve risks and uncertainties, which could
cause actual results to vary materially from those expressed
in or indicated by the forward-looking statements. Factors
that may cause actual results to differ materially include
delays in development, competitive service offerings and lack
of market acceptance, as well as the other potential factors
described under "Risk Factors" in the Company's
public reports filed with the Securities and Exchange
Commission, including the Company's Annual Report on Form
10-K for the fiscal year ended January 31, 2011, as amended,
our Quarterly Reports on Form 10-Q for the periods ended
April 30, 2011, July 31, 2011, and October 31, 2011 and
Current Reports on Form 8-K. The Company cautions you not to
place undue reliance on forward-looking statements, which
reflect an analysis only and speak only as of the date
hereof. TiVo disclaims any obligation to update these
forward-looking statements.
SOURCE: TiVo
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