Deborah D. McAdams /
04.05.2013 11:28 AM
Triveni Goes Indie
Employees acquire ownership from LG Electronics
PRINCETON, N.J. — A group of Triveni Digital employees has joined together to buy LG Electronics’ stock in the company, thus establishing a majority ownership position. The transaction, which closed in late February, makes Triveni Digital a fully independent company. Terms were not disclosed.

As part of the buyout agreement, Triveni Digital will continue to develop technologies for LG Electronics’ industry-leading hospitality TV business.

“A key area of focus that we’ll address at next week’s 2013 NAB Show is how Triveni Digital plans to help local broadcasters further exploit their infrastructure assets to earn new revenues from their news and other local content,” Triveni president and CEO, Mark Simpson said. “While we look forward to working with LG in the future, our independence will enable Triveni Digital to pursue new funding sources and partnership initiatives in order to implement our new business strategy. We expect to take a leadership role in helping local media providers generate new forms of revenue and enhance their service offerings, while partnering with many others in the industry on these initiatives.”

Since it was founded by LG in 1997, Triveni Digital has provided metadata management, advanced content distribution, and video quality assurance systems for the broadcast, cable, telco, and IPTV industries. Leveraging deep experience in advanced digital media technologies and leadership roles in organizations such as ATSC and SCTE, Triveni Digital products set the industry standard for reliability, ease of use, and value.



Comments
Post New Comment
If you are already a member, or would like to receive email alerts as new comments are
made, please login or register.

Enter the code shown above:

(Note: If you cannot read the numbers in the above
image, reload the page to generate a new one.)

No Comments Found




Tuesday 06:00 AM
Eleven FCC Scenarios for The 600 MHz Band Plan
I suspect that the estimated $44 billion of auction proceeds do not take into account the fact that some spectrum the FCC will buy cannot be resold because it must be used as guard intervals in the 600 MHz band plan.~ Charles W. Rhodes

D. Pagan Communications /   Friday 11:45 AM
EGRIPMENT SUPPORT SYSTEMS RINGS IN THE [CHINESE] NEW YEAR
Wall Street Communications /   Friday 01:16 PM
DigitalGlue at the 2015 NAB Show:

 
Featured Articles
Discover TV Technology