TiVo and WaveDivision Holdings Partner to Deliver Market-Leading Video Experience
(Marketwire Via Acquire Media NewsEdge) SAN JOSE, CA and KIRKLAND, WA -- (Marketwired) -- 03/26/14 -- TiVo Inc. (NASDAQ: TIVO), a leader in the advanced television entertainment market, and WaveDivision Holdings LLC, a top 20 cable service provider, today announced a partnership to develop and deploy co-branded versions of TiVo's primary whole-home television solution and user experience for advanced TV offerings across TV, Web and Mobile platforms. WaveDivision intends an initial deployment in mid-2014.
Through this agreement, Wave Broadband will market and deploy co-branded versions of TiVo's complete suite of whole-home products and services as its primary offering for residential and business customers. Featuring advanced set-top boxes and other components, this will deliver a consistent TV experience spanning TiVo's cloud-based Service, its whole-home gateway DVR (T6), TiVo Mini, TiVo Stream, the TiVo experience on Digital Transport Adapters (DTAs), plus multi-screen experience through TiVo Web, iOS and Android mobile applications.
The products will be available as a primary offering to all of Wave's 415,000 residential and business customers including Wave Broadband subscribers in Washington, Oregon and California, and Astound customers in the San Francisco Bay area, specifically San Francisco, Daly City, South San Francisco, Burlingame, San Mateo, Redwood City, Walnut Creek, Martinez, Pleasant Hill, and Concord.
"We are excited to be working with TiVo to bring our customers access to more content choices and a superior, more personalized viewing experience on all screens in and out of the home," said Steve Weed, Wave CEO. "Through this partnership with TiVo, we will bring a new standard of viewing experience to our key markets, while providing an optimized combination of all the great Wave and Astound content available now, plus access to new broadband content. We are confident that in return, our business will reap the benefits of improved subscriber satisfaction." Thomas Elam, TiVo's Vice President and GM, Service Provider Business, said, "We are thrilled to partner with WaveDivision to offer TiVo's complete suite of co-branded products and services to Wave Broadband and Astound customers, many of whom are right in TiVo's backyard in Northern California. Our roster of operator partners continues to grow thanks in large part to our proven ability to deliver the best multi-platform, fully integrated TV viewing experience. Operators like Wave love that the TiVo solution is cost-effective, customizable and quickly deployed -- allowing them to delight their consumers and remain competitive in market." About Wave Division HoldingsWaveDivision Holdings, LLC is a cable and broadband services company providing advanced cable TV, true high-speed Internet and Phone services to more than 415,000 residential and business customers in the communities, and surrounding suburbs, of the Seattle, Portland, San Francisco and Sacramento markets. Wave is headquartered in Kirkland, Washington. Owned and operated by local industry leaders, Wave supports its customers with decades of cable know-how. Serving customers under two retail brand names; Wave Broadband in the Seattle, Portland and Sacramento DMAs, and Astound in the San Francisco DMA -- the company's mission is to provide all customers with the latest technologies and upgrades. Wave was recently recognized by CableFAX Magazine with the prestigious Independent Cable Operator of the Year award. Wave also debuted on PC Magazine's 2012 list of Top 10 Fastest ISPs in the nation. The company's Business Solutions division delivers redundant fiber rings that serve local governments and businesses of all sizes, including well-known Fortune 100 companies and brands, with major fiber hubs in West Coast markets. For more information about WaveDivision Holdings, visit www.wavebroadband.com or www.astound.net.
About TiVoFounded in 1997, TiVo Inc. (NASDAQ: TIVO) developed the first commercially available digital video recorder (DVR). Today TiVo is a global leader in advanced television service for virtually any platform or device. TiVo offers its service directly to consumers, and also distributes its technology and services through solutions tailored for cable, satellite and broadcasting companies. Since its founding, TiVo has evolved into the ultimate single-solution media center by combining its patented DVR technologies and universal cable box capabilities with the ability to aggregate, search and deliver millions of pieces of broadband, cable and broadcast content directly to the television. TiVo also continues to weave itself into the fabric of the media industry by providing interactive advertising solutions and audience research and measurement ratings services to the television industry www.tivo.com.
This release contains forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. These statements relate to, among other things, to the future deployment of TiVo products and services by WaveDivision Holdings LLC. Forward-looking statements generally can be identified by the use of forward-looking terminology such as, "believe," "expect," "may," "will," "intend," "estimate," "continue," or similar expressions or the negative of those terms or expressions. Such statements involve risks and uncertainties, which could cause actual results to vary materially from those expressed in or indicated by the forward-looking statements. Factors that may cause actual results to differ materially include delays in development, competitive service offerings and lack of market acceptance, as well as the other potential factors described under "Risk Factors" in the Company's public reports filed with the Securities and Exchange, including the Company's Annual Report on Form 10-K for the fiscal year ended January 31, 2014 and Current Reports on Form 8-K. The Company cautions you not to place undue reliance on forward-looking statements, which reflect an analysis only and speak only as of the date hereof. TiVo disclaims any obligation to update these forward-looking statements.
Contacts: Steve Wymer TiVo Inc.
(408) 519-9254 Jennifer Jeter WaveDivision Holdings LLC 425-576-8200 Source: TiVo Inc.