Motorola to Acquire Broadbus Technologies, Extend Portfolio of ‘Seamless Video Anywhere’ Solutions
SCHAUMBURG, Il. – 25 July 2006 – Motorola, Inc. (NYSE: MOT) today announced that it will acquire privately-held Broadbus Technologies, Inc., a Boxborough, Ma.-based provider of technology solutions for Television On-Demand (TOD®).
Broadbus Technologies’ industry-leading, carrier-class technology solutions enable the distribution of on-demand content to consumers through multiple devices. The company’s innovative solid-state server architecture is based on the intelligent configuration and management of dynamic random-access memory (DRAM). As a result, the platform can use less space and power than traditional hard-disk based technology, while providing performance, reliability and scalability improvements for video ingest, streaming, and storage.
With the acquisition, Motorola will extend its robust video delivery platform with new content management and distribution capabilities that address growing market opportunities such as mobile video, video on-demand (VOD), time-shifted TV, network-based digital video recording (nDVR), on-demand ad insertion (ODAI) and switched digital video (SDV).
“Today, consumers expect to access video entertainment on the different devices they have, inside and outside of their home, in varying formats – and to have it available upon request. The addition of Broadbus Technologies will bring Motorola’s video delivery platform one step closer to enabling this vision of seamless mobility by providing us with field-proven content management and delivery solutions,” said Dan Moloney, President, Motorola Connected Home Solutions. “Service providers will be able to take advantage of a complete end-to-end seamless video experience enabled by Motorola technology to extend their customer relationships.”
Broadbus Technologies, Inc. was founded in 1999 and currently has more than 60 video-on-demand deployments with service providers worldwide, including Comcast, Charter Communications, and Time Warner Cable. Key financial investors included Battery Ventures, Charles River Ventures, Comcast Interactive Capital and Star Ventures.
Financial terms of the transaction were not disclosed. The acquisition, which is subject to regulatory and other customary approvals, is expected to close in the third quarter.
Statements in this press release that are not historical facts, including statements about impact of the proposed transaction and the uses for the technology, are forward-looking statements based on current expectations that involve risks and uncertainties. Motorola cautions the reader that the factors below, as well as other factors in Motorola’s most recent annual report on Form 10-K and in its other SEC filings, could cause actual results to differ materially from the forward-looking statements. These factors include: (1) the ability to consummate the transaction; (2) the possibility that Motorola may be unable to achieve expected synergies and operating efficiencies from the transaction within the expected time-frames or at all; (3) the possibility of customer loss and business disruption following the transaction; and (4) unanticipated technology limitations.
Motorola is known around the world for innovation and leadership in wireless and broadband communications. Inspired by our vision of Seamless Mobility, the people of Motorola are committed to helping you get and stay connected simply and seamlessly to the people, information, and entertainment that you want and need. We do this by designing and delivering “must have” products, “must do” experiences and powerful networks -- along with a full complement of support services. A Fortune 100 company with global presence and impact, Motorola had sales of US $35.3 billion in 2005. For more information about our company, our people and our innovations, please visit www.motorola.com
# # #
MOTOROLA and the Stylized M Logo are registered in the US Patent & Trademark Office. Television on Demand is a trademark of Broadbus, Inc. All other product or service names are the property of their respective owners. © Motorola, Inc. 2006. All rights reserved.
- Contact Information
- Paul Alfieri
- Media Contact
- Motorola, Inc.
- Contact via E-mail
This news content was configured by WebWire editorial staff. Linking is permitted.
News Release Distribution and Press Release Distribution Services Provided by WebWire.