Xperi Acquires Vewd Software
Accelerates entry into the Connected TV space and establishes sub-brand TiVo as a leading independent Streaming Media Platform
Xperi Holding Corporation (NASDAQ:XPER) ("Xperi" or the "Company") today announced it has acquired Vewd Software Holdings Limited ("Vewd") for $109 million through a mixture of cash and debt. Vewd is a leading global provider of over-the-top ("OTT") and hybrid TV solutions that ship in more than 30 million connected TV devices annually. The acquisition establishes Xperi as a leading independent streaming media platform through its TiVo brand and the largest independent provider of Smart TV middleware globally. Furthermore, the transaction gives Xperi access to an i
