Verizon to license Veveo search technology
Verizon and Veveo have revealed that Verizon will license certain Veveo technology that can be used to enhance FiOS TV to provide new personalised search capabilities across a TV, phone or tablet. Veveo’s technology personalises the search and discovery process by allowing customers to browse less and watch more of the programmes, movies and other on-demand content that matter most to them.
As part of the agreement, Verizon entered into a non-exclusive license of certain Veveo search patents for both TV and mobile devices. Financial terms of the settlement were not disclosed. The parties will also explore expanding their partnership across various lines of business in the future.
“Veveo is thrilled to extend our partnership with Verizon,” said Murali Aravamudan, CEO of Veveo. “Verizon is aggressively developing integrated video entertainment solutions, and it is a natural extension for Veveo to facilitate personalised search and discovery experiences tailored to each unique customer. Whether it is watching television in the living room, on a tablet on the coffee table, or your phone on the go, Veveo’s solutions present personally relevant selections, and reduce the clicks and effort required to start watching something great.”