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Minerva Networks Acquires Leading European Over-the-Top Television Platform Vendor

The Acquisition of TVBLOB, a European Vendor of Consumer Electronics Software Solutions for Over-the-Top Video Services, Will Accelerate Minerva's Next-Generation Television-Over-IP Platform Evolution (November 08, 2011)

ALVISO, CA -- (Marketwire) -- 11/08/11 -- Minerva today announced it has acquired privately held TVBLOB. Headquartered in Milan, Italy, TVBLOB develops software products for the delivery of entertainment services on consumer electronics devices combining legacy television with Internet media sources. The company has successfully deployed its software platform in partnership with consumer equipment manufacturers.

"The know-how acquired over the past several years makes TVBLOB one of the main actors in the over-the-top television landscape," said Mauro Bonomi, chief executive officer of Minerva Networks. "The combination of Minerva's service management platform with TVBLOB's over-the-top video solutions will result in the most advanced and scalable platform for the deployment of television services across multiple networks and devices."

Like Minerva's xTVFusion, the BLOBbox platform is based on the Linux operating system and supports open standards. TVBLOB's technology will help Minerva's service provider customers reach more devices over more networks and expand monetization opportunities.

"The TVBLOB team is very pleased to join forces with Minerva to address the global Television-over-IP market opportunity," said Pancrazio Auteri, TVBLOB's co-founder and chief technology officer. "With their combined expertise in IP video software and services, Minerva and TVBLOB are uniquely positioned to provide the most complete platform for the delivery of compelling entertainment experiences."


TVBLOB's employees will be integrated into a newly formed Minerva Italia subsidiary.

About Minerva Networks
Minerva is the leading provider of carrier-class solutions for the delivery of television services over IP networks (Television-over-IP). Over 250 network operators worldwide have deployed Minerva's software platform for next-generation entertainment and communications services. For more information, visit www.minervanetworks.com

Contact:
Kelli Tejada
Eastwick
415.271.9820
minerva@eastwick.com


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