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TiVo and Pace Announce Global PartnershipLeading Provider of Set-Top Boxes and Gateways Worldwide Working With Leading Provider of Advanced Television Solutions to Provide Flexibility for Operators Implementing Advanced Television Strategies (February 22, 2012)
ALVISO, CA -- (Marketwire) -- 02/22/12 -- 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. ©2011 TiVo Inc. All rights reserved. All other trademarks are the property of their respective owners.
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.
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