Siemens Acquires Myrio

Siemens acquires IPTV middleware provider Myrio

April 8, 2005

2 Min Read

MUNICH -- Siemens has signed a contract with the US company Myrio Corporation,headquartered near Seattle, to acquire the business. Myrio specializes inmiddleware and applications for Home Entertainment (HE) solutions, whichincludes components to create a compelling consumer experience and providenetwork operators with the management systems for pricing, packaging andapplications development. The acquisition means that Siemens will nowfurther enable network service providers to deploy integrated HomeEntertainment solutions as part of a growing set of products and services.

According to market researchers, home entertainment is among the fastestgrowing consumer market segments. The business centers on new applicationsfor the television, and the expanding interaction with other devices andmedia forms in the home. These include interactive television with optionfor calling up movies, personal video recording services, online services,and communication applications such as Multimedia Messaging Service, ShortMessaging Services and video telephony. Market analysts estimate thepotential for advanced video services, including: video telephony, audio,video and games on demand - in excess of 20 billion euros by 2006. Siemensis already a market leader as a system supplier and integrator, winningcustomers in Europe (Belgacom) and Asia (ADC Thailand).

The Communications Group is showing strategic acumen in developing thisposition by acquiring its long standing partner - Myrio. Myrio, aspecialized 75 person software firm, has been the software partner of choicefor Siemens in the home entertainment solutions for over a year. In additionto the account successes with Siemens in Europe and Asia, Myrio also hasover 65 other customers globally.

"Myrio's middleware is the foundation for developing additional new servicesin home entertainment," says Christian Unterberger, Head of Fixed Networksat Siemens Communications. "The acquisition means we can focus even moreclosely on our customers' needs and realize our vision of offering auniversal platform for managing customer services."

"We have enjoyed a productive sales and joint development relationship withSiemens for more than two years now, and we view this transaction as thenext logical step in building service provider centered applications toleverage their broadband IP networks," said Chris Coles, President and CEOof Myrio Corporation. "I expect this will accelerate and expand our productplans, as well as better support our continuing objective of interoperatingwith the multitude of vendors that typify these networks around the world."

Siemens Communications Group

Myrio Corp.

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