Wednesday, May 5, 2010

ActiveVideo Networks Acquires TAG Networks

ActiveVideo Networks, the global leader in cloud-based interactive television solutions, announced that it has completed an acquisition of TAG Networks, adding the world's most scalable network game platform to its CloudTV interactive streaming platform.

The acquisition extends ActiveVideo’s CloudTV development platform to include games development, a growing and profitable segment of the entertainment market. The combined entity leverages TAG Networks’ successful technology and content portfolio with ActiveVideo’s proven CloudTV to create a powerful and versatile platform that supports both casual and twitch or fast-motion games.

Using TAG’s extensive portfolio of licensed titles, ActiveVideo can enable the development of new revenue streams for cable system operators and the CE industry through the delivery of advertising supported casual games to any digital set-top box or CE device. ActiveVideo, which currently is in approximately 5 million homes, anticipates that the combined benefits of TAG and CloudTV, the addition of compelling new titles and the ultimate introduction of faster-paced games will significantly drive distribution of both services for the foreseeable future.

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