Bangalore, India--(BUSINESS WIRE)--Wipro Technologies, the global IT services business of Wipro Limited (NYSE:WIT) today announced that TiVo Inc. (NASDAQ:TIVO), the creator of and a leader in television services for digital video recorders (DVRs), has adopted Wipro's DVB-T and Common Interface (CI) software stacks for its solutions targeting Australian and European markets.
TiVo has recently launched its HD DVR in Australia with Wipro's Digital Video Broadcasting – Terrestrial (DVB-T) middleware stack. The solution supports the free-to-air television networks' digital channels available across Australia with most of TiVo's popular features.
"TiVo continues to expand its global footprint through strategic alliances that bring a DVR solution to international pay TV and broadcasting companies while providing the best television entertainment experience to consumers around the world," said Joshua Danovitz, Vice President and GM of International at TiVo Inc. "Licensing Wipro's DVB-T stack provided easy integration with the TiVo platform, saving a considerable amount of development time and helping to ensure a successful launch in Australia. We are pleased with the results and the support provided by the Wipro team."
"TiVo has been an innovation leader since its inception. It has changed the whole TV viewing experience through their innovative DVR solutions over the years. We are excited about the fact that Wipro's multi-country compliant DVB-T stack, along with DVB-CI stack, has been adopted by TiVo for their DVR solutions," Said Nagamani Murthy, Vice President, Mobile Consumer Electronics & Automotive Group, Wipro Technologies.
Wipro with its wide spectrum of competencies in the Consumer Electronics domain has more than twenty five licensees for its Digital TV middleware stacks such as ATSC, OpenCable, DVB-T/C/S/CI, MHEG-5 and ISDB-T/S. These stacks can be found in multiple product segments including HDTV, High-end Hybrid set-top box, DVR and In-Car TVs. With proven and off-the-shelf Digital TV middleware, Wipro helps its customer focus on product differentiation through rich applications.
Wipro Technologies, a division of Wipro Limited (NYSE:WIT) is the first PCMM Level 5 and SEI CMM Level 5 certified global IT services organization. Wipro Technologies was recently assessed at Level 5 for CMMI V 1.2 across offshore and onsite development centers. Wipro is one of the largest product engineering and support service providers worldwide. Wipro provides comprehensive research and development services, IT solutions and services, including systems integration, information systems outsourcing, package implementation, software application development, and maintenance services to corporations globally.
In the Indian market, Wipro is a leader in providing IT solutions and services for the corporate segment in India, offering system integration, network integration, software solutions and IT services.
Wipro also has a profitable presence in niche market segments of consumer products and lighting. In the Asia-Pacific and Middle East markets, Wipro provides IT solutions and services for global corporations. Wipro's ADS' are listed on the New York Stock Exchange, and its equity shares are listed in India on the Stock Exchange - Mumbai, and the National Stock Exchange. For more information, please visit our websites at www.wipro.com and www.wiprocorporate.com.
Forward-looking and Cautionary Statements
Certain statements in this release concerning our future growth prospects are forward-looking statements, which involve a number of risks, and uncertainties that could cause actual results to differ materially from those in such forward-looking statements. The risks and uncertainties relating to these statements include, but are not limited to, risks and uncertainties regarding fluctuations in our earnings, revenue and profits, our ability to generate and manage growth, intense competition in IT services, our ability to maintain our cost advantage, wage increases in India, our ability to attract and retain highly skilled professionals, time and cost overruns on fixed-price, fixed-time frame contracts, client concentration, restrictions on immigration, our ability to manage our international operations, reduced demand for technology in our key focus areas, disruptions in telecommunication networks, our ability to successfully complete and integrate potential acquisitions, liability for damages on our service contracts, the success of the companies in which we make strategic investments, withdrawal of fiscal governmental incentives, political instability, war, legal restrictions on raising capital or acquiring companies outside India, unauthorized use of our intellectual property, and general economic conditions affecting our business and industry. Additional risks that could affect our future operating results are more fully described in our filings with the United States Securities and Exchange Commission. These filings are available at www.sec.gov. We may, from time to time, make additional written and oral forward-looking statements, including statements contained in the company's filings with the Securities and Exchange Commission and our reports to shareholders. We do not undertake to update any forward-looking statement that may be made from time to time by us or on our behalf.
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