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List:       ms-wmtalk
Subject:    Re: RealNetworks to Acquire Vivo Software, Inc.
From:       Bart Pawelek <bartp () MAIL ! VX-NET ! COM>
Date:       1998-02-25 22:29:32
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what's all this do as far as codecs and all that good stuff?

-Bart


-----Original Message-----
From: Paul Urfi <purfi@IMAGINETDESIGN.COM>
To: Netshow@DISCUSS.MICROSOFT.COM <Netshow@DISCUSS.MICROSOFT.COM>
Date: Wednesday, February 25, 1998 2:28 PM
Subject: Re: RealNetworks to Acquire Vivo Software, Inc.


>I think so...  I'm just shocked they did it.  I was talking to Stephanie
>at Vivo earlier this week.  They're moving everyone from Boston out to
>Seattle.
>
>-----Original Message-----
>From: Bart Pawelek [mailto:bartp@MAIL.VX-NET.COM]
>Sent: Wednesday, February 25, 1998 5:06 PM
>To: Netshow@DISCUSS.MICROSOFT.COM
>Subject: Re: RealNetworks to Acquire Vivo Software, Inc.
>
>
>good golly.  i must admit i'm shocked.  let's hope they still provide us
>with those cool netshow tools.
>
>-Bart
>
>
>-----Original Message-----
>From: Paul C. Shearer <pshearer@REJOICE.ORG>
>To: Netshow@DISCUSS.MICROSOFT.COM <Netshow@DISCUSS.MICROSOFT.COM>
>Date: Wednesday, February 25, 1998 2:06 PM
>Subject: RealNetworks to Acquire Vivo Software, Inc.
>
>
>>Thought you all might find this interesting...
>>Paul Shearer
>>Rejoice Broadcasting Network
>>
>>RealNetworks to Acquire Vivo Software, Inc.
>>Broadens Streaming Media Tools Product Line; Adds to RealNetworks
>Leading
>>Market Position in Streaming Video on the Internet
>>SEATTLE, WA, February 23, 1998 - RealNetworks (NASDAQ "RNWK"), the
>>recognized leader in streaming media, today announced the acquisition
>of
>>Vivo Software, Inc., the leader and award winning developer of
>streaming
>>media creation tools. With this move, RealNetworks will acquire Vivo
>>technology, intellectual property and customer base. In addition,
>Vivo's
>key
>>personnel will be joining RealNetworks.
>>"The streaming media market is growing at a phenomenal rate. Having
>tools
>>that make it easier to create and publish streaming media content is
>crucial
>>to further fuel that growth," said Rob Glaser, founder and CEO,
>>RealNetworks, Inc. "Vivo has done a great job developing world-class,
>>easy-to-use streaming media tools such as VivoActive 2.0 and developing
>the
>>market for HTTP streaming. RealNetworks acquisition of Vivo's
>technology is
>>a significant step in our efforts to provide content creators with a
>broad
>>range of the most powerful tools to produce streaming media content and
>the
>>broadest choice of hosting platforms. We are committed to both
>supporting
>>Vivo's current Web site and customer bases and providing smooth
>integration
>>and upgrade paths into the rest of RealNetworks product lines."
>>"The adoption of streaming media has steadily increased as the tools to
>>create content have become both more sophisticated and easier to use,"
>said
>>Staffan Ericsson, founder and chairman, Vivo Software, Inc.. "We see
>this
>>acquisition as a way of bringing the leading platform and tools
>together,
>>making it easier for customers to standardize on a best of breed
>offering.
>>Bringing together the talented development and marketing organizations
>of
>>Vivo and RealNetworks will enable us to quickly bring new solutions to
>a
>>broader range of customers, further accelerating the adoption of
>streaming
>>media."
>>Vivo is a leader in developing streaming video creation tools
>distinguished
>>by their ease-of-use and high production quality across multiple bit
>rates
>>that offer support for both HTTP and specialized streaming media
>servers.
>>The VivoActive family of tools enable Web developers to create and
>deliver
>>streaming digital media, including video and audio, over corporate
>Intranets
>>and the World Wide Web. Vivo products have been used to create content
>on
>>more than 5,000 Web sites. Vivo was founded in 1993 in Waltham, MA by a
>team
>>of internationally-recognized experts in video and audio signal
>processing
>>technology. Vivo's products have been honored with a number of awards,
>>including PC Magazine's Editor's Choice award and Web Technique's 1997
>>Multimedia Tool of the Year award.
>>"Vivo has developed excellent software applications for the creation of
>>streaming video and an important base of customers that are
>complementary
>to
>>RealNetworks existing offerings," said Len Jordan, senior vice
>president,
>>Media Systems, RealNetworks. "We look forward to having Vivo's superb
>>development team join RealNetworks to work on expanding RealNetworks
>product
>>line. Together, the companies can provide customers with outstanding
>>complementary solutions for creating and hosting streaming media."
>>RealNetworks and Vivo expect the acquisition to be accounted for as a
>>purchase transaction. All outstanding shares of Vivo will be exchanged
>for
>>1.1 million new RealNetworks shares, which are valued at $17.1 million
>based
>>on the average of the last 15 days stock trading price. Upon completion
>of
>>this acquisition, these new shares will represent 3.4% of the total 32
>>million shares outstanding. RealNetworks and Vivo expect the
>transaction to
>>close within 60 days. RealNetworks anticipates a substantial portion of
>the
>>purchase price to be written off as in-process research and
>development.
>>Excluding one-time acquisition charges, RealNetworks does not expect
>the
>>Vivo acquisition to have a material impact on this year's overall
>financial
>>results.
>>About RealNetworks
>>RealNetworks, Inc. (NASDAQ, "RNWK"), based in Seattle, WA, is the
>recognized
>>leader in the streaming media market. It develops and markets software
>>products and services designed to enable users of personal computers
>and
>>other consumer electronic devices to send and receive audio, video and
>other
>>multimedia services using the Web. RealNetworks can be found on the
>World
>>Wide Web at www.real.com.
>>About Vivo Software
>>Vivo Software, Inc. (Waltham, Mass.) produces the award-winning Vivo
>family
>>of tools that enable Web developers to create and deliver streaming
>digital
>>media, including video and audio, over corporate intranets and the
>World
>>Wide Web. Vivo products are distinguished by their ease-of-use and
>>production quality across bit rates. Vivo tools have been used to
>create
>>content on more than 5,000 Web sites, creating audiences of
>approximately 2
>>million viewers. Vivo's products have been honored with PC Magazine's
>>Editor's Choice award and Web Technique's 1997 Multimedia Tool of the
>Year
>>award, among many others.
>>For More Information, Press Only:
>>Jay Wampold, RealNetworks, Inc., (206) 674-2295, jwampold@real.com
>>Peter Zaballos, Vivo Software, Inc., (781) 899-8900 (ext. 345),
>>pzaballos@vivo.com
>>RealNetworks is a trademark of RealNetworks, Inc. All other companies
>or
>>products listed herein are trademarks or registered trademarks of their
>>respective owners.
>>
>>
>
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