NTT DoCoMo sells PacketVideo assets to Lynx
| 03 September 2015
NTT DoCoMo has sold PacketVideo's North American and European connected home business operations to Lynx Technology.
The acquisition includes the grant of an irrevocable, non-exclusive license of PacketVideo's media technology, Twonky.
Following the acquisition, PacketVideo will continue its operations in Japan, with no change to the Twonky technology or service offerings to its customers in Japan and Asia.
Lynx Technology will continue to develop the Twonky software platform for its customers around the world, including North America, Europe and Asia.
"After considering a variety of interested buyers, we determined that Lynx Technology was the best choice to acquire our operations in North America and Europe," said Kazushige Yoshida, CEO of PacketVideo Japan. "It was important to us to ensure a smooth transition for customers and staff in those markets."
"NTT DOCOMO made the decision to sell PV's North American and European operations to Lynx Technology due to their management team's familiarity with and dedication to PV's customers and commitment to quality," added Mark Tapling, CEO of PacketVideo.