Middleware for Digital TV: It's the intermediate software layer that allows the development of interactive applications for Digital TV, regardless of the hardware platform used by set-top box manufacturers.
Ginga: It’s the specification for the intermediary software layer standard (middleware) developed for the Brazilian Digital TV System by Puc-RJ and UFPB.
Interactivity Component: This is the term created by ByYou Digital to classify each and every application sent by the open Digital TV signal that allows the user to interact with the application using the receiver’s remote control.
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Rio de Janeiro, June 01st, 2010
TOTVS acquires Quality‘s interest in TQTVD
MATERIAL FACT
TOTVS S.A. (Bovespa: TOTS3), pursuant to CVM Instruction 358/2002, hereby informs its shareholders and the market in general that, on this date, it entered into a Membership Interest Purchase Agreement through which it acquired, for R$ 5,999,196.56 (five million, nine hundred and ninety-nine thousand, one hundred and ninety-six reais and fifty-six centavos), 45% of the quotaholders equity of TQTVD SOFTWARE LTDA. (“TQTVD”), which develops and sells software products and solutions for digital television, in which TOTVS already held a 55% share.
The agreement also foresees the payment of a variable amount of up to R$ 8,267,493.98 (eight million, two hundred and sixty-seven thousand, eight hundred and ninety-three reais and ninety-eight centavos), which will be paid in accordance with the achievement of certain goals established for 2011, 2012, 2013 and 2014.
As a result of the transaction, TOTVS now holds 100% of TQTVD.
The transaction will be submitted for approval to the Brazilian antitrust authority (CADE).
São Paulo, June 1, 2010
José Rogério Luiz
Investor Relations Officer
For further information, click here.
TOTVS Website: www.totvs.com