Verizon Intel Web TV Acquisition - How OnCue Purchase Impacts Smartphone & Connected Home

Technology

How exciting it is to be a  Verizon Wireless Lifestyle Blogger #VZWBuzz team member. During the past two years as a brand ambassador I've experienced first-hand many new innovations sold by this worldwide company. Among them: sophisticated smartphones like the LG G2 and Samsung Galaxy S4 and smart connected home devices such as the Nest Learning Thermostat, Belkin WeMo Switch, and more.

Nest Learning Thermostat available from Verizon Wireless 

Now for some big news. Following its 2013 acquistions of Web video businesses EdgeCase and UpLynk, Verizon continues to expand into sectors beyond its traditional marketplace. Today, Verizon and Intel Corporation jointly announced that Verizon has agreed to acquire OnCue, the cloud-based Web TV technology developed by Intel Media.

Wording in the January 21, 2014 official Verizon news release states, "The transaction will accelerate the availability of next-generation video services, both integrated with Verizon FiOS fiber-optic networks and delivered 'over the top' to any device."

According to Lowell McAdam, Verizon chairman and CEO, the purchase is expected to pave the way to enhance and integrate Verizon's video products and services to better serve consumers using a variety of devices.

McAdam explains, "The OnCue platform and team will help Verizon bring next-generation video services to audiences who increasingly expect to view content when, where and how they want it."

Me w/ fellow VZW Lifestyle Blogger Ann Tran at Verizon West, Irvine, CA

About Verizon
Verizon Communications Inc. (NYSE, Nasdaq: VZ), headquartered in New York, is a global leader in delivering broadband and other wireless and wireline communications services to consumer, business, government and wholesale customers.

FTC Disclosure: I disclose that I am a Verizon Wireless Lifestyle Blogger brand ambassador. However, I did not receive any payment or compensation for this particular post. See complete FTC Disclosure information that appears at the bottom of MommyBlogExpert's main page and at the bottom of every individual post on this blog, including this one.