Conax to Offer Advanced Global TV Platform With TiVo Software
March 08, 2010 5:03 AM
ALVISO, CA and OSLO, NORWAY--(Marketwire - March 08, 2010) - TiVo Inc. (NASDAQ: TIVO), a
leader in advanced television services and personal video recorders (PVRs),
and Conax, a leading global provider of security solutions for digital TV
and content distribution, today announced that they have partnered to offer
a next generation DVB set-top box platform for deployment by television
operators around the world.
This relationship brings together two companies known for changing
traditional approaches to pay television. TiVo is the gold standard for
the delivery of advanced television services through an intuitive, stunning
user interface, while Conax's multi-platform security technology forms the
underpinning of television services delivered to operators covering over
100 million households in over 80 countries. Through this partnership, the
companies will put the TiVo(R) experience, including its revolutionary
integration of IP-delivered video into an off-the-shelf package that can be
quickly and easily deployed by operators using Conax-certified platforms in
Scandinavia, mainland Europe and India, among other geographies. All of
this can be done without having to endure a cumbersome, costly middleware
deployment that could slow progress and hinder business objectives.
Geir Bjorndal, Executive Vice President of Products & Markets at Conax,
said, "While the European market is ripe for VOD and other interactive
services, many operators are stifled by the expensive integration efforts
needed to convert roadmaps into reality. TiVo has a phenomenal reputation
in the US, not only for inventing the PVR, but for creating the market's
most comprehensive hybrid broadcast/broadband platform. They are the only
player that has successfully integrated top-tier content from diverse
Internet sources like Netflix, Blockbuster, YouTube, and Amazon VOD along
with linear television into a single, vivid user interface already
available to consumers in the United States. Our European customers have
made clear that they plan to deploy similar capabilities and we can't
imagine a better technology partner than TiVo to help us make it happen,
and strengthen our competitive market position."
Bjorndal added that interest in the new solution is already high from key
customers connected to TV operations that include security provided by
Conax. Integrating TiVo's software with Conax security solutions will
reduce certain hardware costs and also allow for deeper assimilation of
security within the new platform. Conax's growth has been significant
during recent years primarily due to its open standards STB approach,
providing a wide selection of certified consumer hardware devices. The new
strategy will leverage TiVo's strong brand and more than 10 years of
expertise developing advanced television platforms.
Joshua Danovitz, Vice President & General Manager International, TiVo Inc.,
said, "Conax has amassed a stellar record for helping its customers quickly
launch new services in a variety of environments without major startup
complexity. Its broad portfolio of set-top box and pay television partners
is testament to the value of this approach. We are very enthusiastic about
this new relationship with Conax, particularly because it means operators
will soon be able to distribute a highly differentiated, next generation
user interface that applies TiVo's leadership in marrying broadband
delivered content with the traditional television experience."
Importantly, in certain key markets, operators will have the ability to
license a solution from a trusted partner like Conax that includes the full
breadth of TiVo's interactive platform without having to integrate
technology from disparate vendors. This one-stop-shop approach provides a
cost efficient solution without having to make do with generic user
experiences or highly proprietary hardware platforms.
"As TiVo continues to expand its global distribution, we are increasingly
focused on teaming with leading players like Conax that make it easier and
faster to implement our products while avoiding cumbersome, time consuming
approaches that slow our deployment objectives," said Naveen Chopra, Senior
Vice President, Corporate Development & Strategy, TiVo Inc. "Conax's
strategy complements ours in that we share a commitment to reduce time to
market and are passionate about the strategic importance of a superior
consumer experience."
Conax plans to make the integrated platform of TiVo software and Conax
security solution available for commercial deployment in 2011.
About TiVo Inc. (www.tivo.com)
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.
TiVo and the TiVo Logo are trademarks or registered trademarks of TiVo Inc.
or its subsidiaries worldwide. c 2010 TiVo Inc. All rights reserved. All
other trademarks are the property of their respective owners.
About Conax (www.conax.com)
Conax, a leading global provider of security solutions for digital TV and
content distribution, provides content protection for premium pay-TV
content via all types of networks -- cable, satellite, IP, terrestrial, and
MMDS. Through its global network of partners, Conax is able to offer
state-of-the-art content security to more than 350 digital TV operators in
over 80 countries around the globe. Conax is ISO 9001 certified and ISO
27001 security certified. All Conax products are compliant with open
standards.
Conax is part of the Telenor Group (www.telenor.com). Telenor Group has
telecom operations in 14 countries, 172 million mobile subscriptions
worldwide and is among the largest mobile operators in the world.
Conax headquarters are located in Oslo, Norway, with subsidiaries in USA,
India, Germany, China and Brazil and sales & support offices in Russia,
Singapore and South Korea.
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, the timing and nature of the future availability of
the integrated platform of TiVo software and Conax security solution.
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, 2009, Quarterly reports on Form 10-Q since
then, 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.


























