August 28, 2016 5:52 AM ET

Internet Software and Services

Company Overview of Prodea Systems, Inc.

Company Overview

Prodea Systems, Inc. offers a service delivery platform that enables various service providers to deliver connectivity and services between people, data, and devices. It offers Residential Operating System, a unified platform of the Internet of Things that allows various devices to work together and speak the same digital language. The company’s platform is used by telecom service providers, cable companies, wireless carriers, satellite and terrestrial pay TV providers, government agencies, healthcare organizations, educational institutions, retailers, and community service providers worldwide to extend their services. It has a strategic partnership with Tonly Electronics Holdings Limited. P...

2435 North Central Expressway

Suite 500

Richardson, TX 75080

United States

Founded in 2006

Phone:

214-278-1850

Fax:

214-278-1851

Key Executives for Prodea Systems, Inc.

Co-Founder, Chairman and Chief Executive Officer
Age: 48
Co-Founder and President
Co-Founder and Chief Technology Officer
Executive Vice President of Engineering and Operations
Head of European Operations
Compensation as of Fiscal Year 2016.

Prodea Systems, Inc. Key Developments

Prodea Systems Partners with Magine TV to Deliver the Multi-Faceted Future of Mobile Iot Services

Prodea Systems and Magine TV jointly announced that they have entered into a strategic partnership that will equip international service providers with a powerful new way to bring the worlds of entertainment and IoT together in a common, cohesive user experience for their subscribers. The partnership enables Prodea to seamlessly blend Magine's service into their global multi-service IoT platform and continue to aggregate the best of breed services across numerous verticals like media, healthcare, government, the connected home and the connected car. The two companies have joined forces in recognition of the growing need for service providers and operators to offer a selection of vertical services that can be seamlessly delivered to subscribers via an optimal user experience, with a single sign on and customer privacy and security in mind - making the true promise of a connected lifestyle possible. Magine offers viewers the best TV experience possible over any network or device, without the need to sacrifice quality or experience as seen in many OTT solutions. Magine provides the responsiveness and reliability of a traditional fixed network with all the benefits and reach of a personalized OTT experience. With their innovative OTT live streaming service, Magine has revolutionized how viewers access and consume content with their 'TV for Me' via a personal lineup that had one million users registered in the first 5 months of launching. The explosive growth in both revenues and subscribers for the global OTT market is expected to reach over $51.38 billion in the next five years and the service is now strategically positioned to respond to that growth metric as a key OTT player in Swedish, German and UK markets. To further respond to the high demand for the Magine platform in the Global TV industry, Magine has started to offer OTT partnerships to TV distributors and broadcasters. The partnership with Prodea is an important step in this direction due to Prodea's international footprint and compelling value proposition, which resonates with a wide variety of distributors and service providers.

Prodea Systems and Smartvue Corporation Announce Strategic Partnership to Deliver Next Generation IoT Services

Prodea Systems and Smartvue Corporation announced at CES that they have entered into a strategic partnership that will provide the two companies with new distribution channels, targeted customer acquisitions and broader market share. Prodea's international market penetration and Smartvue's domestic market share will provide a unique competitive edge and significant business opportunities for both companies. By combining their services, the partnership enables Prodea and Smartvue to deliver differentiated customer value for service providers, businesses, governments and the IoT ecosystem, speeding new IoT business models in both enterprise and consumer global markets. Prodea and Smartvue will deliver new value by offering their customers a seamless, intuitive and elegant end-to-end IoT platform and services portfolio.

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