Share & Connect
Verizon and Veveo Inc. announced on Thursday, March 15, that Verizon will license certain Veveo technology that can be used to enhance FiOS TV to provide new personalized search capabilities across a TV, phone or tablet. Veveo’s technology personalizes the search and discovery process by allowing customers to browse less and watch more of the programs, movies and other on-demand content that matter most to them.
As part of the agreement, Verizon entered into a nonexclusive license of certain Veveo search patents for both TV and mobile devices. Financial terms of the settlement were not disclosed. The parties will also explore expanding their partnership across various lines of business in the future.
Verizon is breaking down old technology boundaries, freeing people to enjoy the entertainment they want, when and where they want, on the devices they prefer. Verizon can leverage Veveo’s technology to discover new, relevant video content across Verizon’s FiOS TV channels, video on demand and DVR content and watch it on their TV, tablet, mobile phones and other connected devices.
“Veveo is thrilled to extend our partnership with Verizon,” said Murali Aravamudan, CEO of Veveo. “Verizon is aggressively developing integrated video entertainment solutions, and it is a natural extension for Veveo to facilitate personalized search and discovery experiences tailored to each unique customer.
Whether it is watching television in the living room, on a tablet on the coffee table, or your phone on the go, Veveo’s solutions present personally relevant selections, and reduce the clicks and effort required to start watching something great.”
Eric J. Bruno, vice president of product management for Verizon, said: “Consumers want the largest variety of quality video entertainment available and they want to access it easily and efficiently. Video search and personalized recommendations are a developing component of the FiOS TV customer experience.
We are pleased to license Veveo’s technology and begin exploring additional ways to work together. Veveo is a leader in providing consumers with new ways to discover video content they want to see. Veveo and Verizon share a commitment to delivering a more interactive and personalized video experience – any video, anywhere, anytime, anyplace and on any device the consumer chooses.”
Veveo’s patented technology powers a variety of features, such as personalized search recommendations and the ability to rate new content based on personal relevance. Verizon’s introduction of FiOS TV brought consumers an unprecedented level of competition in the video marketplace.
Verizon continues to provide next-generation interactive services, including FlexView and FiOS TV Online. Such services, as well as an advanced video operating system and viewer guide, and free interactive applications like Facebook, Twitter and YouTube, extend FiOS TV beyond the single family home or apartments and condos, to the Internet and a range of mobile devices.
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