Liberate Technologies, a provider of software for enhanced television, has received a $100 million investment from Cisco Systems.
Together, the companies will sell and market solutions to network operators around the world, reducing time to market and allowing them to deliver open standards, IP-based solutions for interactive television. The investment ensures next generation broadband devices and services are based on open internet standards and give more choice to service providers and their customers.
In return for its investment, Cisco receives a 3.88 per cent stake in Liberate, making Cisco its third largest investor. Liberate also joins Cisco’s New World Ecosystem program, a community of technology companies that helps service providers deploy revenue-generating services to customers.
“Both Cisco and Liberate share a vision of digital entertainment and interactive services delivered via open internet standards,” said Paul Bosco, vice president of Marketing for Cisco. “We are both moving to support the global rollout of internet and web-enabled appliances including set-top boxes, game players, thin clients, and mobile wireless devices.”
“Cable companies and telcos are moving rapidly to deliver a range of new services over broadband, and Liberate and Cisco can together deliver the best open standards-based solutions and support, from set-top to server,” said Mitchell Kertzman, CEO, Liberate Technologies.
Cisco’s core broadband offering will be integrated with the Liberate TV Platform software, which consists of the Liberate TV Navigator™ client software, and the Liberate Connect™ server software. The combined architecture will include Cisco directory services, and Docsis and network software stacks.
Cisco is already an infrastructure member of Liberate’s PopTV programme which promotes complete interactive television solutions for network operators, based on open standards.
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 give consumers access to network operator-branded applications and services. Headquartered in San Carlos, California, the company has sales offices in the US, Canada, the UK and Japan.