Complex sentence: In January 2007, the company launched an Azureus-powered open entertainment platform called Vuze (formerly Zudeo), which is intended to enable content providers to easily distribute their content over the Internet.
Split into simpler sentences: In January 2007, the company launched an open entertainment platform called Vuze. Vuze, Inc. has released an Azureus-powered product named Vuze (formerly Zudeo), which is intended to enable content providers to easily distribute their content over the Internet.