Terayon announced that the company is restructuring to improve its financial picture and will be directing all efforts on the growing pure-play video business segment.
"Our decision to concentrate solely of digital video applications enables us to laser-focus the company on a growing market for real-time network digital video processing and expand out applications and services," said Jerry Chase, Terayon CEO. "The move to customizing content the instant before viewing creates substantial opportunity for Terayon, particularly in the area of digital video advertising, as it builds our existing core competencies and market leadership."
The restructuring of the company is expected to improve the company's financial picture and performance. Chase commented that savings realized through the restructuring would be directed to digital video software development efforts.
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