June 15, 2020
Last December DVR pioneer TiVo and Xperi merged in a $3 billion deal to focus on licensing each other’s IP technology throughout the consumer electronics ecosystem.
Xperi June 15 announced its new senior leadership team following the completion of the merger, led by Xperi CEO Jon Kirchner; CFO Robert Andersen; Samir Armaly, president of IP Licensing; Petronel Bigioi, CTO of product; Paul Davis, chief legal officer and corporate secretary; Kris Graves, chief human resources officer; Michael Hawkey, GM of TiVo; Matt Milne, chief revenue officer; John Pernin, chief strategy and corporate development officer; Geir Skaaden, chief products and services officer; Steve Teig, CEO of Perceive, and advisor to the office of the CTO; and Murali Dharan, president and COO of Perceive.
Joining the company’s new board of directors is former Warner Bros. CTO Darcy Antonellis, division president of Amdocs Media and CEO of Vubiquity, the media/entertainment distribution technology and services provider acquired by Amdocs in 2018. She has served on Xperi’s board since December 2018.
Also joining the board is Raghavendra Rau, interim president/CEO of TiVo from July 2018 to May 2019. He served as a member of TiVo’s board beginning May 2015 and as vice chairman beginning June 2019.
In addition, Xperi made changes within its product and IP licensing business. The coveted segment — which includes more than 11,000 patents and applications in digital media, entertainment, advertising, automotive and semiconductors, many with recurring subscriber-based revenue — will be headed by Armaly, who has been involved with the business for 25 years, including in various executive roles at Gemstar — TV Guide, Rovi, and most recently TiVo.
Armaly was involved in the development of the company’s current media licensing business in the early 2000s, and under his leadership established it among the industry leaders, generating billions of dollars in revenue and profits for the company.
“Samir’s demonstrated track record in building IP businesses as well as his expertise and familiarity with our business, customers and licensing platform will be an important asset for our IP business going forward and ultimately upon its separation from the product business,” CEO Kirchner said in a statement.