UTStarcom Announces aioTV Receives Recognition as a Leader in Digital Media
- Gartner Names aioTV One of Four Vendors Essential for Digital Media
BEIJING, May 29, 2013
BEIJING, May 29, 2013 /PRNewswire/ -- UTStarcom Holdings Corp. ("UTStarcom" or
the "Company") (NASDAQ: UTSI), a leading provider of media operational support
services and broadband equipment products and services, today announced that
its partner, aioTV Inc. (pronounced "A-O TV"), a leading international OTT and
IP video platform, was selected as one of four vendors essential for all
digital media businesses in the 2013 Cool Vendors Report published by Gartner,
the world's leading information technology research and advisory company.
The Gartner 2013 Cool Vendors in Media Report identifies key solutions
providers that Gartner predicts are essential to the success and monetization
of a digital media business. Gartner specifically recognized aioTV as a
solution that quickly enables service providers, broadcasters and cable
networks to deliver both live and on demand video content through a portal
that consumers can customize and access on various connected devices.
"We are very pleased to receive this prestigious recognition from Gartner,"
said Mr. Mike Earle, CEO of aioTV. "Most importantly, this underscores how
the market for media consumption is changing and also validates our customers'
decision to select aioTV's products and solutions. aioTV has created a
platform that combines conditional access and content management tools for
operators to aggregate multiple sources of content into a consistent TV-like
experience across connected devices. Going forward, we expect to work with
UTStarcom, our largest shareholder, to accelerate our ability to deploy our
recognized technology in emerging markets in Asia."
UTStarcom acquired a 44% stake in aioTV in November 2012 as part of its
strategy to expand into media operational support services and is the single
largest shareholder of aioTV. This investment gives UTStarcom access to
technology that will bolster its rollout of subscription-based value added
"This is an important milestone in aioTV's growth," said Mr. William Wong,
UTStarcom's Chief Executive Officer. "This critical recognition also
demonstrates our ability to find the right partner in the industry with
technology to deliver the value-added media services that consumers
increasingly demand. We view aioTV as a key strategic partner and expect that
it will help UTStarcom realize our vision of becoming a leader in providing
next generation media services. In the long-term, UTStarcom will also look
for opportunities to jointly develop new service offerings with aioTV, and as
aioTV's single largest shareholder we will continue to aggressively support
aioTV by working closely with its management team to find opportunities to
continue to grow."
About the Gartner Report
To access the full report*, contact the Gartner reprints team
*Gartner "Cool Vendors in Media, 2013" by Allen Weiner, Mike McGuire, Andrew
Frank, 30 April 2013.
Gartner does not endorse any vendor, product or service depicted in its
research publications, and does not advise technology users to select only
those vendors with the highest ratings. Gartner research publications consist
of the opinions of Gartner's research organization and should not be construed
as statements of fact. Gartner disclaims all warranties, expressed or
implied, with respect to this research, including any warranties of
merchantability or fitness for a particular purpose.
About UTStarcom Holdings Corp.
UTStarcom is focused on providing next generation media operational support
services in the rapidly growing markets for TV over IP services and broadband
equipment products and services. UTStarcom is committed to meeting the
evolving needs of cable and broadband service providers to enable a more
personalized entertainment experience. The Company sells its media operational
support services and broadband equipment products and services to operators in
both emerging and established broadband and cable markets around the world.
UTStarcom was founded in 1991 and listed on the NASDAQ in 2000. It has
operational headquarters in Beijing, China and research and development
operations in China and India. In year 2011, the Company deployed a revamped
growth strategy that concentrates on providing media operation support
services. For more information about UTStarcom, visit the Company's Web site
About aioTV Inc.
aioTV is a white label video platform for licensed and unlicensed content
targeted at service providers worldwide to allow them to integrate multiple
sources of live, on-demand and freely available video content into a unified
TV experience across connected devices. The company's flagship products and
cloud based management platform leverages existing infrastructure, billing
platforms and DRM for a quick, seamless implementation.
SOURCE UTStarcom, Inc.
Contact: Jing Ou-Yang, UTStarcom, Inc., +86-10-8520-5153, email@example.com;
May Shen (Beijing), +86-10-8591-1951, May.Shen@fticonsulting.com; Daniel DelRe
(Hong Kong), +852-3768-4547, Daniel.DelRe@fticonsulting.com; Rob Dougherty
(San Francisco), +415-293-4427, Rob.Dougherty@fticonsulting.com
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