Arvin Patel Takes Helm of IP Licensing Business at TiVo
June 15 2017 - 8:00AM
Business Wire
Technology Industry Veteran Chartered with
Driving Growth Agenda
TiVo Corporation (NASDAQ:TIVO), a global leader in entertainment
technology and audience insights, today announced the appointment
of Arvin Patel to the position of executive vice president and
chief intellectual property (IP) officer effective in Q3. Reporting
directly to TiVo’s president and CEO, Tom Carson, Patel will be
responsible for all facets of TiVo’s patents and licensing
business, including driving growth and integration of TiVo’s
intellectual property assets in strategic focus areas, such as
over-the-top (OTT), mobile and global expansion.
With nearly 20 years of intellectual property industry
experience, Patel has established and grown the patent licensing
business for some of the world’s leading technology and innovation
companies. Prior to this role, Patel has held a number of IP
leadership positions, including serving as the global head of IBM’s
IP Strategy group and, most recently, as the chief IP officer at
Technicolor. Widely recognized as an expert in intellectual
property strategy, Patel also formerly held the senior vice
president of IP and Licensing position at Rovi Corporation.
“Having worked for some of the world’s largest technology and
entertainment companies, Arvin fully understands the value of
TiVo’s IP and solutions and the ability of our offerings to help
customers reach consumers in new and compelling ways,” said Carson.
“TiVo thrives on innovation and we’re excited to have Arvin join us
as we continue to expand our offerings in the fast-growing
streaming and OTT markets and explore global opportunities in
emerging segments of the entertainment technology marketplace and
beyond.”
“TiVo has a proven track record of successfully developing and
licensing technology to deliver the ultimate entertainment
experience,” said Patel. “I believe that there is a significant
opportunity to build on that legacy of success and position the IP
business for the next phase of growth. Together, our patented
technologies and innovative products are key to powering the next
generation of entertainment.”
Samir Armaly will remain with TiVo and move into a newly-created
role, reporting to the CEO, where he will continue to be
responsible for seeing the last remaining Tier 1 renewal through to
completion. In addition, Armaly will ensure a seamless transition
of the IP business to Patel and advise the CEO and Board of
Directors on relevant IP matters. Having been with the company for
over fifteen years, Armaly’s leadership has helped establish TiVo’s
IP licensing business among the industry leaders, generating
billions of dollars in revenue and profits for the company.
“With the recent achievements of our IP licensing business and
the completion of several long-term agreements with many of our
largest customers, the time is right for priming the business for
the next phase of growth,” added Carson. “The opportunity for our
IP licensing business remains strong, and I believe we are
optimally positioned to capitalize on that opportunity with Arvin
as our new leader combined with Samir’s continued involvement with
the company.”
About TiVo
TiVo Corporation (NASDAQ:TIVO) is a global leader in
entertainment technology and audience insights. From the
interactive program guide to the DVR, TiVo delivers innovative
products and licensable technologies that revolutionize how people
find content across a changing media landscape. TiVo enables the
world’s leading media and entertainment providers to deliver the
ultimate entertainment experience. Explore the next generation of
entertainment at tivo.com, forward.tivo.com or
follow us on Twitter @tivo or @tivoforbusiness.
Caution Concerning Forward-Looking Statements
This press release contains forward-looking statements. Readers
are cautioned that such forward-looking statements involve risks
and uncertainties that could cause actual events or our actual
results to differ materially from those expressed in any such
forward-looking statements. Readers are directed to TiVo’s periodic
and other reports filed with the Securities and Exchange Commission
(SEC) for a description of such risks and uncertainties. TiVo
undertakes no obligation to update any forward-looking
statements.
TiVo and the TiVo logo are registered trademarks of TiVo
Corporation and its subsidiaries worldwide.
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version on businesswire.com: http://www.businesswire.com/news/home/20170615005248/en/
TiVoJennifer Miu, 408-764-5411jennifer.miu@tivo.com
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