Digeo and Moxi Converge29 Mar, 2002 By: Holly J. Wagner
Kirkland-based Digeo, Inc. and Palo Alto-based Moxi Digital, Inc. today announced an agreement to join forces under the name of Digeo, Inc. to accelerate the development and delivery of advanced media center platforms and iTV services.
The companies will fuse their intellectual capital, market traction, proprietary technologies and respective product strengths, a spokesperson said, so the resulting Digeo can leverage its strong partnerships with leading companies such as Motorola, Inc. and Charter Communications.
Moxi is the company behind the Moxi Media Center home entertainment networking set-top box. The box, which networks all of a home's entertainment devices and operates them with a single remote control, got lots of attention at the Consumer Electronics Show early this year, partly because Moxi founder and vice chairman Steve Perlman also created WebTV.
"My goal for establishing a world-class technology company that would revolutionize home entertainment has been realized by Moxi joining forces with Digeo and Paul Allen," said Perlman.
Allen will take the role of Digeo's chairman of the board. Board members are Jim Billmaier, CEO of Digeo; Carl Vogel, CEO of Charter Communications; William Savoy, president of venture capital backer Vulcan, Inc.; Edward Harris, senior investment analyst of Vulcan; and Kevin Fong, general partner of Mayfield.
"This merger will allow us to deliver a family of media center platforms more rapidly," said Allen. "Besides having the power of a PC, they are incredibly easy-to-use and can also run many exciting new applications that range from personal video recording to digital photo sharing to wireless home networking. Their introduction will define a new benchmark for the next generation of set-top boxes."
The new company's leadership team will be a mix of Digeo and Moxi senior management. Digeo CEO Jim Billmaier will become CEO of the new company. Moxi CEO Rita Brogley will become EVP of business development and marketing. Digeo President of Advanced Systems Larry Weber will continue in his role. Digeo SVP Bert Kolde will assume the role of COO. Moxi VP of Engineering Toby Farrand will become CTO.
"Digeo and Moxi have been working along parallel paths to implement very similar visions," said Billmaier. "Integration of the two companies will be swift, our efforts will be amplified, and we'll deliver an even better media center platform to market sooner. We believe these new platforms will be very attractive to cable and satellite companies looking for new revenue opportunities."
Earlier this year, both Digeo and Moxi announced plans to introduce affordable media center platforms that provide network operators and entertainment companies with new revenue streams through the deployment of advanced applications.
Microsoft/WebTV, TiVo, Apple, Diva, Palm, ReplayTV, Cisco, Sun, NBC and CBS. They will also bring together 278 patents, pending and awarded, covering key areas related to delivering advanced home entertainment services.
In addition to the new funding from Vulcan Inc., Digeo is also backed by AOL Time Warner, The Barksdale Group, Charter Communications, Cisco, EchoStar Communications, Macromedia, Mayfield and The Washington Post Company.