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AllLinuxDevicesPR: Lineo Signs Letter of Intent to Acquire Convergence Integrated Media GmbH

Mar 07, 2001, 13:29 (0 Talkback[s])

"Lineo, Inc. a leading innovator in embedded systems, real-time and high availability solutions, today announced it has obtained a signed letter of intent to acquire Convergence Integrated Media. Convergence is the leading developer of operating systems and software for digital communications products, such as personal video recorders (PVR) and digital versatile disk (DVD) devices. With this acquisition, Lineo is enhancing its position as the first and only provider of Linux-based development tools for digital television products. Terms of the deal are not being disclosed."

"This merger will provide a comprehensive DTV development and deployment resource for embedded designers who provide interactive end products for the home and for digital media content. Lineo and Convergence will provide a vertical solution of tools and applications for the developer that includes operating system ports, drivers, consumer applications, development kits and training."

"Convergence Integrated Media is the innovator of DTV and digital video broadcast (DVB) technology in the European market.Lineo's worldwide sales channels, strategic partnerships and advanced Linux-based embedded system technologies will extend the reach of DTV and DVB technology around the world while promoting established and innovative digital media standards."

Press Release