Friday, September 12, 2008

Widevine In Lithuania Deal

Seattle-based Widevine Technologies, which develops DRM and digital watermarking technology, is in a deal with IBM in Lithuania, IBM said Friday. According to IBM and Widevine, they are helping Internet Service Provider Skynet, located in Lithuania, to provide premium TV content in the country. The technology will be used in a pay television deployment later in the year. Financial impact of the deal was not disclosed. The firms said that Widevine's content protection will be used as part of the system, which will be designed and maintained by IBM. Widevine is venture backed by Cisco, Charter Ventures, Constellation Ventures, Dai Nippon Printing Co., PaceSetter Capital Group, Phoenix Partners, TELUS, and VantagePoint Venture Partners. Skynet is owned by Penki Kontinentai group.