Streaming Media, Smart TV Middleware Are Targets
Posted: July 5, 2022
Seeking to expand its streaming media presence, Xperi has acquired Vewd Software Holdings Ltd. for $109 million.
Xperi is known in broadcast for its HD Radio and DTS AutoStage technologies, but has a much wider reach, including brands such as DTS, TiVo, Adeia and IMAX Enhanced.
“Vewd is a leading global provider of over-the-top (“OTT”) and hybrid TV solutions that are delivered in more than 30 million connected TV devices each year,” said Xperi Holding Corp.
Vewd’s website says: “We help companies like Sony, Verizon, Samsung and TiVo take advantage of the growing number of consumers watching content on connected devices. »
According to the announcement, “The acquisition establishes Xperi as a leading independent streaming media platform through its TiVo brand and the world’s largest independent Smart TV middleware provider. In addition, the transaction gives Xperi the access to a European installed footprint of approximately 15 million devices that can be activated for monetization, including activation of TiVo+, a free, ad-supported TV service.
Xperi will add approximately 275 employees. Vewd’s management team will remain and be integrated into Xperi’s management structure, Xperi said.
Vewd was founded in 2002. It is an OTT software provider for Smart TV manufacturers, connected car and broadband video operators. It says 450 million connected TV devices have shipped with Vewd Smart TV solutions from customers like Amazon, Commscope, Nintendo and Sony.
Xperi CEO Jon Kirchner said in the announcement, “Xperi’s TiVo product offerings, when integrated with Vewd’s suite of streaming platform solutions, will help accelerate and scale deployment of TiVo OS for connected TVs and to expand our broadband video offerings.” Xperi and TiVo merged in 2020.
He said the acquisition of Vewd “also strengthens the growth prospects of our products business as we prepare to separate our intellectual property and product businesses this fall.”
[Read recent Radio World stories about Xperi.]