Mountain View, Calif., Jan. 16, 2001 -- Pinnacle Systems, Inc. announced that it has acquired DVD authoring technology from Minerva Networks, Inc. Technology acquired from Minerva Networks includes the Impression family of DVD application software, DVD formatting software and associated intellectual property.

Pinnacle Systems plans to integrate this DVD software technology with its family of industry leading content creation solutions to provide easy-to-use DVD authoring solutions compatible with emerging low-cost DVD-R and DVD-R/W drives.

Bill Loesch, vice president of new business development at Pinnacle Systems said, "This acquisition will allow Pinnacle Systems to extend its strong position in the video content creation market by incorporating DVD authoring for consumers and professionals in these solutions. We believe that as a result of recent developments in low-cost DVD-R and DVD-R/W drives, this market is poised for significant growth," Loesch added.

"Customers will benefit from this transfer of technology," said Patrick Sweeney, VP of Marketing at Minerva Networks. "Minerva can continue our rapid growth in the IP Television market while our loyal customers will benefit from the focus Pinnacle Systems will add to the DVD product line."

About Minerva Networks, Inc.
Minerva Networks, Inc. is a leading provider of video networking solutions that enable the convergence of television and the Internet. Our IP Television management software, media encoders, media gateways, and media transcoders are the essential components of IP Television Headends for the delivery of video services over broadband IP networks. Broadband network operators worldwide use Minerva Networks' products and services to deliver next-generation entertainment, communication and e-commerce applications. Minerva Networks is headquartered in Santa Clara, CA, and is available on the Internet at www.minervanetworks.com or at 408-567-9400.

About Pinnacle Systems, Inc.
Pinnacle Systems' broadcast, desktop, and consumer products provide video professionals and consumers cutting-edge digital video tools to create, store, distribute and view web enabled digital video easier and more affordably than ever before. Pinnacle Systems may be reached at 650-526-1600 or on the World Wide Web at www.pinnaclesys.com.


Source: Pinnacle/Minerva
Web: www.pinnaclesys.com/www.minervanetworks.com