, the maker of TV-set-top boxes that allow viewers to pause live shows, is in the honeymoon suite with big-name investors like
, with its stock price soaring 155% since its Sept. 30 IPO.
is ignoring the "Do Not Disturb" sign.
The Pennsylvania software maker plans to announce Monday that it has signed a deal to acquire
, a Palo Alto, Calif.-based company that owns a small, simple Internet browser, Ravisent officials confirmed. The deal will cost Ravisent an estimated $16 million, including $2.5 million in cash and 819,000 shares and stock options.
The deal marks Ravisent's assault on TiVo's market. TiVo, based in Sunnydale, Calif., makes digital video recorders and provides a service enabling TV viewers to watch shows at their own pace. The system records video signals to a hard drive so that live shows can be paused or rewound instantly.
Ravisent has built two very divergent stables of customers, both computer makers like
and consumer electronics companies like
. In acquiring a functional browser, the company is betting it can combine the two stables if the line between computers and TVs starts to blur.
Many in the industry, including Tivo and
, a subsidiary of
, are betting they can make the same marriage work.
Ravisent closed at 15 7/8 on Friday, up 1 3/8, while Tivo finished at 40 3/4, up 5/8.