Liberate Completes Acquisition of MoreCom, Inc. Expands Liberate TV Platform
Software
SAN CARLOS, Calif., Jun 23, 2000 /PRNewswire via COMTEX/ -- Liberate
Technologies (Nasdaq: LBRT), the leading provider of software for delivering
enhanced Internet content, services and applications to information appliances,
such as television set-top boxes and game consoles, today announced completion
of the acquisition of MoreCom, Inc., a leading provider of standards based
interactive television infrastructure based in Horsham, PA.
Initially announced on March 27, 2000, the acquisition extends Liberate's
technology leadership in the satellite and digital terrestrial marketplace by
adopting MoreCom's significant digital television, DVB, MHP and MPEG expertise
and technologies. MoreCom offers cable, satellite and digital terrestrial
operators a complete end-to-end software solution that merges digital video and
Internet content for television applications, using existing broadband networks
and digital set-top boxes. The acquisition also brings an influential network
operator, d-box network(TM) operator Beta Research (a KirchGruppe company), to
Liberate's expanding European and international customer base.
About Liberate Technologies
Liberate Technologies is a leading provider of a complete software platform for
delivering Internet-enhanced content and applications to information appliances,
such as television set-top boxes and game consoles. Liberate's Internet-based
client and server software allows network operators, such as telecommunications
companies, cable and satellite television operators and Internet service
providers to provide consumers access to network operator-branded applications
and services. Headquartered in San Carlos, California, the Company has sales
offices in the U.S., Canada, the U.K. and Japan. Information on Liberate
Technologies' products and services is available at liberate.com or
by calling 650-701-4600.
"Safe Harbor" Statement under the Private Securities Litigation Reform Act 1995
Information in this release that involves Liberate Technologies' expectations,
beliefs, hopes, plans, intentions or strategies regarding the future are
forward-looking statements that involve risks and uncertainties. All
forward-looking statements included in this release are based upon information
available to Liberate Technologies as of the date of the release, and Liberate
assumes no obligation to update any such forward-looking statement. These
statements are not guarantees of future performance, and actual results could
differ materially from our current expectations. Factors that could cause or
contribute to such differences or risks associated with our business are
discussed in the Company's registration statement on Form S-1 declared effective
by the Securities and Exchange Commission ("SEC") on February 17, 2000, and in
the other reports filed from time to time with the SEC.
SOURCE Liberate Technologies
CONTACT: Kevin McCarty, Director, Investor Relations, 650-701-5300, or
kmccarty@liberate.com, or Jennifer Graham, Director, Corporate Communications,
650-701-5351, or jgraham@liberate.com, both of Liberate Technologies
URL: liberate.com
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KEYWORD: California
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INDUSTRY KEYWORD: CPR
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