PINNACLE SYSTEMS INC. ACQUIRES DVD TECHNOLOGY FROM MINERVA NETWORKS, INC.Pinnacle Systems Pinnacle Systems, Inc. is a California-based American manufacturer of digital video hardware and software for the consumer and broadcast markets. It was founded in 1986. In 2002 Pinnacle purchased VOB Computersysteme GmbH (now pinnaclesys.de). , Inc. (Nasdaq: PCLE has acquired DVD authoring DVD authoring describes the process of creating a DVD video that can be played on a DVD player. DVD authoring software must conform to the specifications set by the DVD Forum group in 1995. technology from Minerva Networks Minerva Networks, Inc. is a Silicon Valley-based company that develops video compression technology and broadcast systems used for delivery of video services over broadband IP networks, interactive television (iTV) services, and video conferencing. It was founded in 1992. , Inc. Technology acquired from Minerva Networks includes the Impression family of DVD DVD: see digital versatile disc. DVD in full digital video disc or digital versatile disc Type of optical disc. The DVD represents the second generation of compact-disc (CD) technology. application software, DVD formatting software and associated intellectual property. Pinnacle Systems plans to integrate this DVD software technology with its family of industry leading content creation solutions to provide easy-to-use DVD authoring solutions compatible with emerging low-cost DVD-R (DVD-Recordable) A write-once (read only) DVD disc for both movies and data endorsed by the DVD Forum. DVD-Rs are often called "DVD Dash Rs" or "DVD Minus Rs" to distinguish them from the competing "Plus R" format (see DVD+R). and DVD-R/W drives. Bill Loesch, vice president of new business development at Pinnacle Systems said, "This acquisition will allow Pinnacle Systems to extend its strong position in the video content creation market by incorporating DVD authoring for consumers and professionals in these solutions. We believe that as a result of recent developments in low-cost DVD-R and DVD-R/W drives, this market is poised for significant growth," Loesch added. "Customers will benefit from this transfer of technology," said Patrick Sweeney Patrick Sweeney is the name of several people:
Minerva Networks, Inc. is a leading provider of video networking solutions that enable the convergence of television and the Internet. Our IP Television management software, media encoders, media gateways, and media transcoders are the essential components of IP Television Headends for the delivery of video services over broadband IP networks. Broadband network operators worldwide use Minerva Networks' products and services to deliver next-generation entertainment, communication and e-commerce applications. Pinnacle pinnacle (pĭn`ĭkəl), minor architectural motif of vertical tapering shape, usually crowning a pier, buttress, or gable. Although sometimes it appears in Renaissance design, as in the Certosa di Pavia, it is almost exclusively a medieval Systems' broadcast, desktop, and consumer products provide video professionals and consumers cutting-edge digital video tools to create, store, distribute and view web enabled digital video easier and more affordably than ever before. |
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