From TiVo’s press release:
TiVo today announced that it has acquired Strangeberry Inc., a small Palo Alto-based technology company specializing in using home network and broadband technologies to create new entertainment experiences on television. The acquisition will enable TiVo to accelerate its strategy, unveiled earlier this month at the Consumer Electronics Show (CES), to extend the TiVoÂ® service beyond digital video recording to include a much broader, richer entertainment experience for subscribers.
Strangeberry has created technology based on industry standards, including a collection of powerful protocols and tools that will enable the development of a host of new broadband-based content delivery services for the TiVo platform. TiVo has acquired Strangeberry’s intellectual property assets and engineering staff in exchange for equity. Financial terms of the deal have not been disclosed.
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