TOKYO and SAN DIEGO, Sept. 01, 2015 (GLOBE NEWSWIRE) — PacketVideo (PV), a subsidiary of NTT DOCOMO, today announced the recent acquisition by Lynx Technology (which is the DBA name of privately-held J.M. Driver LLC) of PV’s North American and European Connected Home business operations effective March 27, 2015. The business acquisition includes the grant of an irrevocable, non-exclusive license of PV’s market leading media technology, Twonky™, from PV to Lynx Technology.
Since the company’s launch in the U.S. in 1998, PacketVideo (www.pv.com) has grown to become a global leader in providing rich media experiences for many of the world’s leading service providers and consumer electronics companies.
Following the acquisition, PV will continue its operations in Japan, with no change to the Twonky technology or service offerings to its customers in Japan and Asia.
Lynx Technology (www.lynxtechnology.com) will continue to develop the Twonky software platform for its customers around the world, including North America, Europe and Asia.
“After considering a variety of interested buyers, we determined that Lynx Technology was the best choice to acquire our operations in North America and Europe,” said Kazushige Yoshida, CEO of PacketVideo Japan. “It was important to us to ensure a smooth transition for customers and staff in those markets.”
“NTT DOCOMO made the decision to sell PV’s North American and European operations to Lynx Technology due to their management team’s familiarity with and dedication to PV’s customers and commitment to quality,” said Mark Tapling, CEO of PacketVideo.
“It was an honor to be chosen by PV and NTT DOCOMO to acquire PV’s world-class operations in North America and Europe,” said John Driver, Chairman and CEO of Lynx Technology and owner of J.M. Driver LLC. Prior to the acquisition, Mr. Driver was PacketVideo’s Chief Operating Officer. “We are committed to maintaining the quality and reliability, innovative products and professional services, and outstanding customer service, just as PV always has for its valued customers over many years.”
Lynx Technology is based in San Diego, California and has offices in Berlin, Germany; Tampere, Finland; and Basel, Switzerland.
ABOUT PACKETVIDEO
Founded in 1998, PacketVideo (PV) has established itself as the global leader in delivering innovative digital media solutions worldwide. PV’s expertise in all things media means our unique technology has the highest performance and reliability in digital media solutions for mobile and consumer electronic products and services. This expertise and experience enables rich media experiences for consumers in Japan and in select markets in Asia. Partnering with PV helps companies differentiate their products, seize the growing consumer demand for the connected home, and reduce customer attrition by adding compelling value to products and services. Please visit www.pv.com.
PacketVideo has been a subsidiary of NTT DOCOMO (TSE:9437) (NYSE:DCM) since 2010.
Note Regarding Forward-Looking Statements: This press release contains “forward-looking statements” for purposes of the Private Securities Litigation Reform Act of 1995 that involve risks and uncertainties. There can be no assurances that forward-looking statements will be achieved, and actual events or results could differ materially from the events or results predicted by such statements. PacketVideo makes no commitment to update any forward-looking statements in order to reflect subsequent changes in events or circumstances except as may be required pursuant to applicable law.
ABOUT LYNX TECHNOLOGY
Lynx Technology is the most advanced and trusted digital media solution provider in the industry. Partnering with us helps companies differentiate their products, seize the growing consumer demand for the connected home, and reduce customer attrition by adding compelling value to products and services. With Lynx Technology, Service Providers, Consumer Electronics companies and Content Providers have a digital media solution partner with extensive global experience and that can deliver on large and complex media solution projects, reliably, securely, and with a vision for helping create the digital world of the future.
Lynx Technology is based in San Diego, California and has offices in Berlin, Germany; Tampere, Finland; and Basel, Switzerland. We serve customers across North America, Europe and Asia. Lynx Technology is the DBA name of San Diego-based J.M. Driver, LLC. To learn more, please visit www.lynxtechnology.com.
CONTACT: For further information, please contact: PacketVideo: [email protected] Lynx Technology: Janice Cain, Director of Communications, [email protected], +1 855 596 9832, ext. 2 For Lynx Technology: Jeremy Pepper, [email protected], +1 415 449 0669