@Home gets into settop boxes................
biz.yahoo.com
@At Home buys interactive TV software developer
REDWOOD CITY, Calif., Dec 2 (Reuters) - @At Home Network, the dominant provider of
high-speed cable Internet services, said on Wednesday that it had acquired Full Force Systems
Inc., a developer of interactive TV set-top box software.
Financial terms of the deal were not disclosed.
In a statement, @At Home said the acquisition gives it a portfolio of cable set-top box and video-on-demand related intellectual
property and a skilled engineering team in the field of interactive television software development.
In addition, Full Force owns a complementary data-broadcast product it calls Local.TV that @AT Home plans to integrate into its
advanced digital set-top product offerings
''With this acquisition, we look forward to accelerating our capabilities and time-to-market with the Scientific Atlanta Explorer
2000 digital set-top platform,'' Adam Grosser, @At Home vice president of product development, said in the statement.
Full Force Systems Chief Executive Lars Severin added, ''We look forward to becoming part of the Home team and bringing
data-enhanced TV services to consumers more quickly.''
Full Force has helped develop Pacific Bell's cable modem and video-on-demand systems in San Jose, Calif., and set-top related
projects with Scientific-Atlanta Inc. (NYSE:SFA - news)/Power TV, Microsoft Corp. (Nasdaq:MSFT - news) and Microsoft's
WebTV. Pacific Bell is a unit of SBC Communications Inc. (NYSE:SBC - news)
By late morning, @At Home stock had gained 50 cents to $60.
See also:
dailynews.yahoo.com
Wednesday December 2 12:35 PM ET
At Home buys set-top software concern
REDWOOD CITY, Calif. (Reuters) - At Home Network, the dominant provider of high-speed cable Internet services, said
Wednesday that it had acquired Full Force Systems Inc., a developer of interactive TV set-top box software.
Financial terms of the deal were not disclosed.
In a statement,At Home said the acquisition gives it a portfolio of cable set-top box and video-on-demand related intellectual
property and a skilled engineering team in the field of interactive television software development.
In addition, Full Force owns a complementary data-broadcast product it calls Local.TV that AT Home plans to integrate into its
advanced digital set-top product offerings
''With this acquisition, we look forward to accelerating our capabilities and time-to-market with the Scientific Atlanta Explorer
2000 digital set-top platform,'' Adam Grosser, +At Home vice president of product development, said in the statement.
Full Force Systems Chief Executive Lars Severin added, ''We look forward to becoming part of the Home team and bringing
data-enhanced TV services to consumers more quickly.''
Full Force has helped develop Pacific Bell's cable modem and video-on-demand systems in San Jose, Calif., and set-top related
projects with Scientific-Atlanta Inc. (NYSE:SFA - news)/Power TV, Microsoft Corp. (Nasdaq:MSFT - news) and Microsoft's
WebTV. Pacific Bell is a unit of SBC Communications Inc. (NYSE:SBC - news)
(Reuters/Wired) |
