Dec 01
December 01

SPB TV Business Operates Independently from SPB Software and Yandex

December 1st, 2011 – SPB TV, the owner of the SPB TV brand, outlines that the mobile TV business division, developing the world’s famous SPB TV solution, was not involved into the Yandex and SPB Software acquisition deal.

"We welcome the news of the Yandex's acquisition of SPB Software, which should benefit both companies." said Kirill Filippov, CEO of SPB TV. "SPB TV has its own strategy to develop SPB TV solution, and as a fully independent company will not be affected by this acquisition."

The acquisition of SPB Software was announced soon after the demerger of SPB TV from SPB, announced on October 20th, 2011. Originally, SPB TV solution was developed and launched by SPB TV, and the company has continued to develop and enhance it after being incorporated by SPB Software. After the separation from SPB, SPB TV has achieved significant degree of business flexibility allowing company to focus on the development of new innovative technologies, as well as scale up services to meet the growing market demands.

With the usability and functionality of the SPB TV service remaining the core of the SPB TV’s efforts, the company continues to improve the technology platform, enabling seamless IP video processing and delivery. Today SPB TV’s powerful architecture allows to deliver hundreds of live and video on demand channels from a single platform and a single headend to the thousands of subscribers that are using multi-screen devices.

SPB TV solution has already been integrated by the four leading operators, including MTS, MegaFon, StarHub and Skylink. As an end-user application, available across all the mobile platforms, SPB TV has reached the 10 million users milestone. The industry has recognized SPB TV solution through a variety of awards including Russian VAS Awards 2011, CSI Awards 2010, bada Developer Challenge and BlackBerry Super Apps Challenge 2010.

About SPB TV (www.spbtv.com)

SPB TV is a trusted provider of mobile video experiences to the world's leading operators, device manufacturers and content owners. The company owns SPB TV brand of multiplatform mobile TV solution that enables to efficiently distribute high quality video content to multi-screen devices – mobile, tablets, desktop, and set-top boxes. With a profound expertise in usability and deep knowledge of mobile market, SPB TV ensures an ultimate experience for multi-screen viewing. For more information, please visit www.spbtv.com.

Media contact:
Inga Ezhova
pr@spbtv.com

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