Technology Industry Veteran Chartered with Driving Growth Agenda
Company Website:
http://www.tivo.com
SAN CARLOS, Calif. -- (Business Wire)
TiVo
Corporation (NASDAQ:TIVO), a global leader in entertainment
technology and audience insights, today announced the appointment of
Arvin Patel to the position of executive vice president and chief
intellectual property (IP) officer effective in Q3. Reporting directly
to TiVo’s president and CEO, Tom Carson, Patel will be responsible for
all facets of TiVo’s patents and licensing business, including driving
growth and integration of TiVo’s intellectual property assets in
strategic focus areas, such as over-the-top (OTT), mobile and global
expansion.
With nearly 20 years of intellectual property industry experience, Patel
has established and grown the patent licensing business for some of the
world’s leading technology and innovation companies. Prior to this role,
Patel has held a number of IP leadership positions, including serving as
the global head of IBM’s IP Strategy group and, most recently, as the
chief IP officer at Technicolor. Widely recognized as an expert in
intellectual property strategy, Patel also formerly held the senior vice
president of IP and Licensing position at Rovi Corporation.
“Having worked for some of the world’s largest technology and
entertainment companies, Arvin fully understands the value of TiVo’s IP
and solutions and the ability of our offerings to help customers reach
consumers in new and compelling ways,” said Carson. “TiVo thrives on
innovation and we’re excited to have Arvin join us as we continue to
expand our offerings in the fast-growing streaming and OTT markets and
explore global opportunities in emerging segments of the entertainment
technology marketplace and beyond.”
“TiVo has a proven track record of successfully developing and licensing
technology to deliver the ultimate entertainment experience,” said
Patel. “I believe that there is a significant opportunity to build on
that legacy of success and position the IP business for the next phase
of growth. Together, our patented technologies and innovative products
are key to powering the next generation of entertainment.”
Samir Armaly will remain with TiVo and move into a newly-created role,
reporting to the CEO, where he will continue to be responsible for
seeing the last remaining Tier 1 renewal through to completion. In
addition, Armaly will ensure a seamless transition of the IP business to
Patel and advise the CEO and Board of Directors on relevant IP matters.
Having been with the company for over fifteen years, Armaly’s leadership
has helped establish TiVo’s IP licensing business among the industry
leaders, generating billions of dollars in revenue and profits for the
company.
“With the recent achievements of our IP licensing business and the
completion of several long-term agreements with many of our largest
customers, the time is right for priming the business for the next phase
of growth,” added Carson. “The opportunity for our IP licensing business
remains strong, and I believe we are optimally positioned to capitalize
on that opportunity with Arvin as our new leader combined with Samir’s
continued involvement with the company.”
About TiVo
TiVo Corporation (NASDAQ:TIVO) is a global leader in entertainment
technology and audience insights. From the interactive program guide to
the DVR, TiVo delivers innovative products and licensable technologies
that revolutionize how people find content across a changing media
landscape. TiVo enables the world’s leading media and entertainment
providers to deliver the ultimate entertainment experience. Explore the
next generation of entertainment at tivo.com, forward.tivo.com or
follow us on Twitter @tivo or @tivoforbusiness.
Caution Concerning Forward-Looking Statements
This press release contains forward-looking statements. Readers are
cautioned that such forward-looking statements involve risks and
uncertainties that could cause actual events or our actual results to
differ materially from those expressed in any such forward-looking
statements. Readers are directed to TiVo’s periodic and other reports
filed with the Securities and Exchange Commission (SEC) for a
description of such risks and uncertainties. TiVo undertakes no
obligation to update any forward-looking statements.
TiVo and the TiVo logo are registered trademarks of TiVo Corporation
and its subsidiaries worldwide.
View source version on businesswire.com: http://www.businesswire.com/news/home/20170615005248/en/
Contacts:
TiVo
Jennifer Miu, 408-764-5411
jennifer.miu@tivo.com
Source: TiVo Corporation
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