Los Angeles - Gemstar-TV Guide International, a provider of electronic program guides for digital TV services, announced that it has acquired Aptiv Digital, a developer of set-top box software, for about $16 million in cash.

Founded in 1996 as Pioneer Digital Technologies, the company was spun-off in 2005 to its management team, who formed Aptiv Digital.

Burbank, Calif.-based Aptiv's software is used on set-tops made by Motorola and Scientific-Atlanta.

"The addition of Aptiv's products, services and capabilities will be highly complementary as we pursue our mission to provide leading edge products and services in the area of video guidance across multiple platforms, both here in the United States and abroad," said Gemstar CEO Rich Battista.

Related Links:
http://biz.yahoo.com/bw/070329/20070329005898.html?.v=1

http://www.gemstartvguide.com  

http://www.pioneerdigital.com