Light Reading

Rovi Snaps Up Veveo

Mari Silbey
2/24/2014
50%
50%

Looking to expand its reach in the growing video search and recommendation market, Rovi has swung a deal to buy Veveo, a firm specializing in voice-based search technologies.

The deal was announced after the stock market closed Monday. Rovi Corp. would pay $62 million up front in cash for Veveo Inc. . Rovi says that there is also up to $7 million more on the table for the semantic technology company if it reaches certain sales targets in the future. Rovi plans to retain all of Veveo's roughly 60 employees.

Veveo develops natural language user interfaces. Its customers and partners include numerous Tier 1 service providers in North America. The company deployed its technology with Verizon Communications Inc. (NYSE: VZ)'s FiOS as far back as 2007. Veveo works with Comcast Corp. (Nasdaq: CMCSA, CMCSK), Cablevision Systems Corp. (NYSE: CVC), Rogers Communications Inc. (Toronto: RCI), AT&T Inc. (NYSE: T), and Verizon, among others.

Veveo chief marketing officer Samrat Vasisht told Light Reading last summer that his company had hundreds of trials of its speech-related solutions under way. He called the technology as "Siri for your TV," referring to Apple Inc. (Nasdaq: AAPL)'s famous voice recognition software. (See Pay TV Still Searching for UI Gold.)

Veveo chief product officer Daren Gill confirmed Monday that Veveo continues to focus on search and recommendation solutions that "understand what the user wants" and even help predict users' queries. "Voice is an important part of the future."

Rovi executive vice president John Moakley told us that Veveo's technology is complementary to his company's in-house metadata and analytics solutions. When asked why Veveo was a compelling acquisition target, he said it offered more benefits than any of its counterparts. "From our perspective, when you look in the entertainment space, and you look at what they've done with the knowledge graph that they have, and the technology they have… we didn't see [another company] that had that level of sophistication that was specifically tailored to entertainment."

The two companies expect to begin demonstrating their integrated solutions by the time the NCTA Cable Show rolls around at the end of April in Los Angeles.

— Mari Silbey, special to Light Reading

(5)  | 
Comment  | 
Print  | 
Newest First  |  Oldest First  |  Threaded View
ANON1242855980875
50%
50%
ANON1242855980875,
User Rank: Light Beer
2/28/2014 | 11:03:31 AM
Kudos to Rovi
Kudos to Rovi for its understanding of the importance of search & discovery in the red-hot smart TV space. But truth be told, voice recognition a la Veveo will only get Rovi so far. To truly dominate, a more ecumenical approach to input is required, and a keener understanding of consumer behavior is paramount.  Rovi should make more of its streamlined remote control, and consumer affinity for this input device acquired from decades of conditioning. All that needs to go is the tortuous onscreen keyboard, and siloed searching across multiple channels. You are close, Rovi. Now step up your search & discovery game with Kannuu: http://www.kannuu.com -- Kannuu demo video: http://bit.ly/1fw2Ctp
DOShea
50%
50%
DOShea,
User Rank: Blogger
2/26/2014 | 10:37:39 PM
Re: Voice-based search
I agree, IVR is certainly not a good role model, and voice-driven search or anything similar is going to really nail its landing in terms of performance and quality to be useful.
Phil_Britt
50%
50%
Phil_Britt,
User Rank: Light Sabre
2/26/2014 | 9:05:03 AM
Re: Voice-based search
The voice-based search will need to work better than many voice-based IVR systems I've used. The voice-based IVR systems are often like dealing with "Peggy" of the old Discover commercials. I usually just keep defaulting until I get a live person or, if given the option, opt for a entry-based system. Both are often faster than voice-based.
DOShea
50%
50%
DOShea,
User Rank: Blogger
2/24/2014 | 9:34:51 PM
Re: Voice-based search
Does this mean Siri can't change channels for you? Surprised Apple hasn't thought about that already.
albreznick
50%
50%
albreznick,
User Rank: Blogger
2/24/2014 | 6:27:38 PM
Voice-based search
the voice-based search and recommendation market is an intriguing one. I'll bet lots of people will start talking to their TV remotes in all sorts of ways. They may even make a movie about this relationahip someday.   
Flash Poll
From The Founder
The New IP is actually bigger even than business. Like another hugely important tech that Light Reading is digging into right now, the New IP has the potential to change the world by fundamentally advancing what it is possible for people to achieve with communications.
LRTV Documentaries
The Three Cs of MWC15

3|2|15   |   2:33   |   (0) comments


My visit to this year's Mobile World Congress is going to dominated by three Cs – cloud, cells and coffee.
LRTV Huawei Video Resource Center
Huawei Shares Its Vision of the Future of Mobile Networks Innovations

2|26|15   |   2:30   |   (0) comments


Mobile broadband is changing our lives. It's reshaping the Internet, industry, and society. It allows us to freely connect with one another anytime, anywhere. At this year's Mobile World Congress, Huawei will share its latest insights and newest ideas and technologies that will shape the future of MBB. They will showcase their end-to-end MBB solutions that will ...
LRTV Huawei Video Resource Center
Accelerate Digitizing, Boost Digital Business

2|26|15   |   6:14   |   (0) comments


A new digital revolution is leading us to a better connected world. Together with millions of digital partners, Huawei will help CSPs to build their digital service ecosystem and aggregate a wide variety of digital services. In this video, we find out how Huawei is going to help CSPs implement digital operations.
LRTV Huawei Video Resource Center
The Secret Recipe to Enabling Hyper-Growth Industries

2|26|15   |   3:38   |   (0) comments


With a number of successful cases on network capability exposure, Huawei is going to share the secret recipe to enabling hyper-growth markets with a step-by-step approach.
LRTV Documentaries
BTE 2015 Is Bigger & Even Better

2|25|15   |   03:13   |   (4) comments


This year's Big Telecom Event (BTE) in Chicago is going to provide more opportunities than ever for networking, getting to grips with key industry challenges and opportunities and, equally as important, having some fun.
LRTV Interviews
Light Reading ICT Leaders Roundtable at MWC 2015

2|12|15   |   1:07   |   (2) comments


On Sunday March 1, 2015, Light Reading will host an ICT Leaders Roundtable in partnership with Huawei. At this half-day event, CIOs, analysts and researchers will discuss key industry trends like virtualization in the cloud with a specific focus on new business models. Located at the luxurious Renaissance Hotel near the Fira Barcelona, space is limited so please ...
LRTV Documentaries
Going Green in 2015

2|12|15   |   02:04   |   (0) comments


Energy efficiency is set to be an incredibly hot topic in the telecom industry this year.
LRTV Custom TV
SDN & NFV: Where Are We Going From Here?

2|11|15   |   11:27   |   (0) comments


Vitesse Semiconductor CTO Martin Nuss gives his perspective on why SDN and NFV should be tightly interconnected and how he sees the industry moving forward.
LRTV Documentaries
Time for Gigabit Europe?

2|9|15   |   01:27   |   (4) comments


Gigabit broadband networks are springing up all around the US and they'll soon become more commonplace in Europe.
LRTV Interviews
Brocade Brings New IP Vision to 2020 Vision Executive Summit

2|3|15   |   4:23   |   (0) comments


In December 2014, Light Reading gathered telecom executives in Reykjavik, Iceland to discuss their vision for high-capacity networks through the end of the decade. The intimate, interactive meeting was set against the backdrop of Iceland's spectacular natural beauty. As one of the event's founding sponsors, Brocade's Kelly Herrell shared his company's strategy at ...
LRTV Interviews
Brocade's Kelly Herrell on the New IP

2|2|15   |   12:36   |   (0) comments


In December 2014, Steve Saunders sat down with Brocade VP of Software Networking Kelly Herrell at Light Reading's 2020 Vision executive summit in Reykjavik, Iceland. They spoke about Brocade's approach to the New IP, the future of the telecom industry, and more.
LRTV Huawei Video Resource Center
Dr. Dong Sun Talks About Carriers' Digital Transformation & Huawei’s Telco OS

1|29|15   |   6:28   |   (0) comments


Dr. Dong Sun, Chief Architect of Digital Transformation Solutions at Huawei, discusses how telecom operators can become digital ecosystem enablers and deliver optimal user experiences that are in real-time, on-demand, all-online, DIY and social (ROADS).
Upcoming Live Events
March 17, 2015, The Cable Center, Denver, CO
April 14, 2015, The Westin Times Square, New York City, NY
May 12, 2015, Grand Hyatt, Denver, CO
May 13-14, 2015, The Westin Peachtree, Atlanta, GA
June 8, 2015, Chicago, IL
June 9-10, 2015, Chicago, IL
June 9, 2015, Chicago, IL
June 10, 2015, Chicago, IL
All Upcoming Live Events
Infographics
Net neutrality, broadband services and the current outlook on data consumption, as presented by the New Jersey Institute of Technology.
Hot Topics
10 Weirdly Useful IoT Devices
Eryn Leavens, Copy Desk Editor, 2/24/2015
Small Cells Enabling Location Services
Sarah Thomas, Editorial Operations Director, 2/25/2015
Verizon Takes Radio Dot to Detroit, VoLTE Overseas
Sarah Thomas, Editorial Operations Director, 2/27/2015
FCC Adopts Title II Rules
Alan Breznick, Cable/Video Practice Leader, 2/26/2015
Like Us on Facebook
Twitter Feed
Webinar Archive
BETWEEN THE CEOs - Executive Interviews
Check out Light Reading's interview with Jay Samit, the newly appointed CEO of publicly traded SeaChange International Inc. With a resume that includes Sony, EMI, and Universal, Samit brings a reputation as an entrepreneur and a disruptor to his new role at the video solutions company. Hear what he had to say about the opportunities in video, as well as the outlook for cable, telco, OTT and mobile service providers.
G'day! And welcome to an entirely new feature on Light Reading -- our weekly "CEO-to-CEO" interview.