Cisco and TELUS(R) Make Strategic Investment in Widevine(R) Technologies, Inc.; Widevine Gains $16 Million in Capital.SEATTLE -- Widevine Technologies, the world's leading provider of downloadable content protection and digital forensics See computer forensics. solutions, today announced investments by Cisco Systems (Nasdaq:CSCO CSCO Cisco Systems Incorporated (stock symbol) CSCO Chief Supply Chain Officer ) and TELUS TELUS Telemetric Universal Sensor (TSX TSX Toronto Stock Exchange (TSE before April, 2002) TSX Transfer from Stack Pointer to Index TSX True Space Extension :T) (TSX:T.NV) (NYSE NYSE See: New York Stock Exchange :TU). Widevine's products enable the acquisition of premium broadcast and video-on-demand (VOD See video-on-demand. VoD - video on demand ) content from all major studios and broadcasters. The company currently has over ninety telco, cable, satellite and internet service operator customers. Cisco invested in Widevine Technologies because of its leadership position in the content protection and digital forensics market and for its open solutions platform approach. "When we looked at the overall market for content protection it became clear that Widevine was by far the most advanced vendor in the space. Widevine provides TELUS with maximum flexibility with a proven solution spanning our technical and business requirements for wireline and wireless services," said Mathew George, Vice President, TELUS Ventures. "We believe Widevine is the right choice not only for TELUS, but for all other telecommunications operators looking to deliver entertainment content -- which creates an exciting investment opportunity." "We are pleased to be supported by one of the world's leading telecommunications operators and the global leading supplier of network and video technology," said Brian Baker, President and CEO (1) (Chief Executive Officer) The highest individual in command of an organization. Typically the president of the company, the CEO reports to the Chairman of the Board. of Widevine. "This investment will enable Widevine to further strengthen our market leadership, product and intellectual property portfolios and customer satisfaction as well as aggressively deliver on our vision of content protection delivered to every device in our operators' network domains." The Series C strategic round, worth a total of $16 million, includes follow-on investment from VantagePoint, Bear Stearns Constellation Ventures, Pacesetter Capital and Phoenix Partners. About Cisco Systems, Inc. Cisco Systems, Inc. is the worldwide leader in networking for the Internet. Information on Cisco can be found at www.cisco.com. About TELUS TELUS is the largest telecommunications company in Western Canada and the second-largest in the country, with $8.1 billion of annual revenue, 4.7 million network access lines, 1.0 million Internet subscribers, and 4.5 million wireless subscribers. The company provides Canadians with a wide range of wireline and wireless telecommunications products and services, including data, Internet protocol (IP), voice, video and entertainment services, utilizing advanced IP-based technologies. For more information about TELUS, please visit www.TELUS.com. About Widevine Technologies, Inc. Widevine is the most widely deployed provider of content security solutions for IP video operators worldwide. Widevine enables telco, cable, fiber, satellite, internet and wireless service operators to generate new revenue opportunities through the secure distribution, identification and tracking of digital content. Utilizing a combination of hardware and software-based encryption, Cypher See cipher. persistently encrypts both digital broadcast and video-on-demand (VOD) content, regardless of video infrastructure, network protocols or compression technologies. An innovator in the industry, Widevine invented the downloadable, software-based Cypher Virtual SmartCard(TM) client which today protects more IP video set-top boxes and devices in the industry than any other vendor. Widevine Virtual SmartCard clients quickly and affordably enable operators to combat piracy on set-top boxes, personal video recorders and other devices within the home. Widevine Secured operators are guaranteed to encrypt studio and broadcaster content, across any video distribution network and on any Widevine Secured device. Widevine is a privately held corporation Noun 1. privately held corporation - a corporation owned by a few people; shares have no public market close corporation, closed corporation, private corporation headquartered in Seattle, WA, funded by Cisco Systems, Inc., Charter Ventures, Constellation Ventures, PaceSetter Capital Group, Phoenix Capital Partners, TELUS, VantagePoint Venture Partners and Dai Nippon Printing Dai Nippon Printing (大日本印刷 Dai Nippon Insatsu Co., Ltd (DNP DNP n. Deoxyribonucleoprotein; a complex of DNA and protein that usually yields DNA upon cell disruption and isolation. DNP 2,4-dinitrophenol. ). For more information see Widevine Technologies at www.widevine.com. |
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