Strengthens Partnership That Will Define and Deliver Leading Edge Silicon Solutions for Digital Media
TORONTO, June 25, 2013 /CNW/ - ViXS Systems Inc. today announced that BSkyB has made a strategic investment in the company. The investment was part of a recent private placement that was oversubscribed and raised more than $CDN 57.4 million as part of a going public transaction.
Media services providers face an increasingly challenging market where consumer demand for media consumption across all their personal devices continues to increase while at the same time new technology standards for content are being introduced into the broadcast ecosystem. BSkyB will use its relationship with ViXS to get a closer understanding of the semiconductor market, with a view to using this insight to inform its own technology roadmap.
ViXS has significant design wins in the television service provider market that give the company a deep understanding of trends and drivers for technology, business models, and consumer requirements that make providers successful. Key ViXS deployments include DIRECTV, Comcast and SlingBox, complemented by design wins with Arris, Cisco, Sagemcom, and LGE.
"We are pleased that BSkyB has invested in ViXS. It's a clear indication of their confidence in our vision and expertise," said Sally Daub, President and CEO, ViXS Systems Inc. "We look forward to working with BSkyB, one of the most successful pay TV providers in the world, to help them understand the potential applications that can be supported by next-generation chips."
About ViXS Systems Inc.
ViXS is the semiconductor pioneer in designing and developing high-performance media solutions for the consumer electronics and video service provider industries. With 422 patents issued and pending worldwide, ViXS has been recognized with a number of industry awards for innovation. ViXS is the world leader in transcoder SoC deployments with over 30 million shipments to date, and still growing.
ViXS has a comprehensive portfolio of products to meet the diverse needs of the global media industry. Portfolio highlights include the most advanced dense transcoder available for cloud-based solutions, as well as SoC's for home devices capable of doing the most simultaneous number of HD streams in the industry. Moreover, ViXS is the only company to have integrated transcoding and Multimedia over Coax Alliance (MoCA) technologies to create the lowest-cost media gateway capable of delivering premium content to consumer IP devices, such as the iPad, inside and outside of the home.
ViXS has three primary product lines: XCode, XCodePro and XConnex. The XCode family of media processors range from stand-alone transcoding chips to full SoC solutions, each capable of handling from one to four simultaneous HD-to-HD transcodes. XCodePro products address the professional enterprise market and are being deployed today for cloud-based media streaming services. The XConnex product line is for communications devices, including MoCA 1.1 and 2.0 solutions. Additionally, ViXS customers are provided with a robust software development kit named Xtensiv.
ViXS is headquartered in Toronto, Canada with global operations and offices in Europe, Asia and North America. For more information on ViXS, visit our website: www.vixs.com.
VIXS™, the ViXS® logo, XCode®, XCodePro™, XConnex™ and Xtensiv™ are trademarks and/or registered trademarks of ViXS. Other trademarks are the property of their respective owners.
SOURCE: ViXS Systems Inc.
For further information:
David Jones, Tel: (416) 646-2000, E-mail: [email protected].