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PACKETVIDEO ACQUIRES TWONKYVISION GmbH:
ADDS NEW PRODUCTS TO ACCELERATE GROWTH OF CONVERGENCE MARKET
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PacketVideo bridges the media gap
between mobile phones and the connected home
with DLNA CERTIFIED™ Media Server
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| SAN DIEGO (Oct. 17, 2006) – PacketVideo
Corporation, a pioneer and continued innovator in multimedia software
for mobile phones, is seeking to accelerate the convergence of mobile
phones and consumer electronics with the acquisition of Berlin-based
TwonkyVision GmbH and its line of software products including its
DLNA CERTIFIED™ Media Server product, TwonkyMedia server. |
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Enabling New Multimedia
User Experiences |
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According to the company, this acquisition
strengthens PacketVideo’s multimedia technology leadership
and further implements the company’s vision for how, when
and where consumers can access media.
“The talented TwonkyVision team has years of
experience in the convergence space, and provides well-engineered
software products that have been embraced by both progressive original
equipment manufacturers (OEMs) and sophisticated media consumers,”
said James. C. Brailean, Ph.D., president and CEO of PacketVideo
Corporation. “Working with the world’s leading device
OEMs and service providers, PacketVideo intends to take this technology
to the mass market while providing the customers with PacketVideo’s
premier level of worldwide engineering support and integration services.”
“As a result of their leadership in mobile devices,
PacketVideo has become one of the top embedded multimedia software
companies in the world, which is why this union makes so much sense,”
said Angela Scheller, Ph.D., chief executive officer of TwonkyVision
and the new managing director of PacketVideo’s German operations.
“Consumers do not care about industry boundaries. They just
want to enjoy their media. We understand that and will deliver quality
software products that make that possible.”
PacketVideo will continue to support TwonkyVision’s
highly regarded product line for embedded devices like network attached
storage, set-top-boxes & personal video recorders as well as
their PC product line. All of these products will greatly benefit
from PacketVideo’s deep expertise in the areas of system integration,
protocols, and multimedia codecs.
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TwonkyVision’s
Expertise in Interoperability for CE Devices |
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TwonkyVision was founded in 2000 as a
spin-off of the world-renowned Fraunhofer FOKUS Institute for Open
Communications Systems (www.fokus.fraunhofer.de). The TwonkyVision
team has been driving innovation in the connected media area since
its inception and has developed proven, high-performance universal
plug-and-play (UpnP) audio-video middleware. This includes a software
development kit for embedded devices as well as UPnP media server
software – known as TwonkyMedia – that supports a broad
range of platforms and media players, including the Sony PSP and
the Microsoft Xbox 360. |
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PacketVideo’s
Expertise in Interoperability and Standards for Mobile Devices |
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PacketVideo, founded in 1998, creates
custom multimedia software solutions for mobile operators, mobile
device manufacturers and related development partners. PacketVideo
counts the top 10 mobile phone manufacturers among its customers
and has more than 130 handsets deployed over the world’s largest
mobile phone networks.
TwonkyVision’s headquarters in Berlin will become
PacketVideo Germany, and will expand PacketVideo’s presence
in Europe along with offices in Tampere, Finland and Nice, France.
PacketVideo is headquartered in San Diego, California, and also
has offices in Chicago, Illinois, Charlotte, North Carolina and
Tokyo, Japan. |
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# # #
Editors’ Note: DLNA and DLNA CERTIFIED are trademarks
and/or service marks of Digital Living Network Alliance. For more
information about the Digital Living Network Alliance, please visit:
www.dlna.org. |
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