Sojecci Ltee Invests in EnReach Technology, Inc.
Leading International Broadband Investor Chooses Residential Gateway
And Interactive TV Solution Provider
LOS ANGELES, THE WESTERN SHOW, Nov. 29 /PRNewswire/ -- EnReach Technology, Inc., a global leader providing infrastructure software for enabling integrated voice, video, and data services on television, announced today an investment from Sojecci Ltee, the former majority shareholder of Le Groupe Videotron Ltee (Videotron), a leading Canadian cable operator. Sojecci's investment in EnReach reflects the importance of total open solutions for the efficient delivery of multiple services over a broadband network, specifically, enhanced television services to broadband operators such as cable companies. Sojecci, a former majority shareholder of Videotron, operated one of the most modern and pervasive HFC networks in the world that passed 75% of the Quebec households and provided services to more than 1.6 million cable subscribers. "Having a strategic partner such as Sojecci Ltee who has such extensive knowledge of the cable industry shows that EnReachTV solutions are on the right track in giving TV viewers what they want," said Bo Wu, president and CEO of EnReach. "Sojecci Ltee, through its involvement with Videotron, has been at the forefront of many current strategic initiatives in the cable industry -- being the first to deploy interactive TV services on a significant scale, the first to recognize the convergence of video and data services, and the first to deploy a broadband multi-services network including local loop Voice over IP. "We are excited about partnering with Sojecci Ltee and benefiting from their extensive experience in interactive television and broadband networks. This will allow us to deliver a relevant and focused interactive TV solution for the North American and European markets as we have done in 25 million households in China and other parts of Asia." Building on the open standard digital video and Internet technology, EnReach offers end-to-end solutions for the next generation of Interactive TV by providing the infrastructure software platform for EnReachTV (TM) services such as broadband streaming, Enhanced TV, Internet Channel, Electronic Program Guide (EPG), Time-shifting, Web Browsing, and Email, and streaming applications. The open delivery platform includes a personal video recorder (PVR) that provides fast time to market, turnkey solutions for OEMs, and service providers. The PVR has a hard disk to record programs and control live TV, and network interfaces to receive interactive content. Set-top boxes powered by EnReach TV2(TM) offer a complete turnkey for easy internet access and have internet channel features that let TV viewers access personalized internet content like click to TV channel. EnReachTV3(TM) enables service providers and content providers to deliver personal television services, T-commerce, target advertising, and Web-enhanced television on the same platform. Providing the broadband streaming and fast internet access on Television based Linux and EnReachTV platform, EnReach TV4(TM) can extend to support the Residential Gateway function for multi-services at home. "The broadband multi-services deployment at Videotron demonstrated the need for a residential gateway that delivers voice, data, and video services to the home in a cost-effective configuration -- and we believe that EnReach technologies provide the appropriate software platforms to do just that," said Carmelo Tillona, the former executive of Videotron responsible for the Voice over IP solution and now president of I.U.GO Ventures Inc., the private equity investment firm responsible for the broadband investments of Sojecci Ltee. "In addition, the openness of the EnReach technologies will accelerate the development of new services that exploit the inherent advantages of the emerging broadband networks and will clearly establish the television as a gateway for accessing a new wave of true added-value consumer-oriented services," said Tillona. "The broadband network revolution has been underway for a few years, however, the broadband services revolution has just begun. We believe EnReach will play a pivotal role in this brave new world." About Sojecci Ltee and I.U.GO Ventures Inc. Sojecci Ltee is the former majority shareholder of Le Groupe Videotron Ltee and the Chagnon family controls it. The Chagnon family has been involved in the broadband cable business for over 35 years and recently sold its stake in Videotron to Quebecor, a Canadian corporation. One of the new strategic initiatives of the Chagnon family will be to participate through private equity investments in emerging broadband companies. Sojecci Ltee has selected I.U.GO Ventures Inc. to manage its broadband private equity investment portfolio. I.U.GO Ventures Inc. is a private equity strategic investment firm, specializing in broadband. Most of the I.U.GO Ventures partners are former Videotron executives involved in the deployment of Videotron's broadband Internet offerings including the consumer portal, the broadband access ISP, and the VoIP initiative. About EnReach Technology, Inc. EnReach is a global leader in providing OEMs, ISPs, telecommunications companies and broadband, cable and digital satellite operators with the infrastructure software to deliver integrated voice, video, and data solutions services on television. EnReach's television-based software provides a full-suite of interactive services, such as broadband video streaming, interactive television, personal television and Internet communications. Headquartered in Silicon Valley, the privately held company has offices in Hong Kong, Beijing, China and Toronto, Canada. Additional information regarding EnReach Technology is available at www.enreach.com. NOTE: EnReachTV, EnReachTV2, EnReachTV3, and EnReachTV4 are trademarks of EnReach Technology, Inc. All other products or brand names are trademarks or registered trademarks of their respective owners.
SOURCE EnReach Technology, Inc.
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