SAN JOSE, Calif. -- TiVo Inc., (NASDAQ: TIVO) a leader in the advanced television entertainment market, today announced that is has acquired Cubiware, an innovative provider of cost-effective software solutions for emerging market Pay-TV operators. Cubiware will expand TiVo's international presence in 25 countries and positions TiVo to offer a broader array of compelling, cost effective solutions for Pay-TV operators across the world.
"Cubiware immediately accelerates our global Pay-TV efforts and enables us to more rapidly reach an even larger portion of the international market, which is expected to grow to more than a billion subscribers by 2020," said Tom Rogers, TiVo's President and CEO. "Cubiware's recent growth reflects its strong position in markets that are experiencing rapid pay television expansion. This product expansion complements our current international TiVo and DigitalSmiths product lines, enabling us to deliver a comprehensive portfolio of solutions for video distributors across different distribution platforms -- on premise, cloud or hybrid environments. The combination of TiVo and Cubiware is expected to enhance Cubiware's product offering with a variety of features in the future including advanced search and recommendations, OTT applications, and user interface enhancements that will further distinguish Cubiware products and accelerate customer expansion."
In addition to developing an enviable track record of delivering high quality, cost-effective solutions for Pay-TV operators, Cubiware has also established an important ecosystem of conditional access and set-top-box partners. TiVo will seek to continue expanding these relationships to serve an increasing array of international customers.
TiVo Inc. (Nasdaq: TIVO)