Tandberg Television Purchasing Zetools to Target IPTV
is acquiring Zetools Inc.
, a Los Angeles-based developer of software for enabling delivery of next-gen Internet digital video services.
"Our business is to help operators and content owners move video across today's growing choice of distribution platforms to satisfy subscribers' growing demand for improved picture quality, and convenience in their viewing experience," said Eric Cooney, Tandberg Television president and CEO. "The deal with Zetools enables us to help our customers build broadband businesses through the delivery of digital video over the Internet to PCs and to the TV using the next generation of broadband enabled set-top boxes and PVRs."
In the areas of cable, satellite, terrestrial, IPTV, wireless and now the Internet, Tandberg Television is the world's leading provider of systems, according to Cooney, enabling customers to create new consumer video experiences and generate online revenues through interactive advertising and pay-TV.
Zetools customers include AOL, NBC Universal, MTV Networks and Viacom. The companies expect the merger to be completed by the third quarter of 2006.