Motorola Invests in DARTdevices
MOUNTAIN VIEW, Calif. and SCHAUMBURG, IL, – January 30, 2007 – Motorola, Inc. (NYSE: MOT) and DARTdevices Corporation, a developer of a disruptive software technology for consumer devices, today announced that Motorola Ventures, the strategic venture arm of Motorola, has made a Series A investment in the company. Financial terms of the agreement were not disclosed.
Founded in 2003, DARTdevices has developed software that lets multiple consumer devices directly access the combined content and applications of any DART-enabled device such as mobile phones and PCs. DART software seamlessly addresses the software distribution, versioning, security, hardware compatibility and synchronization issues typically associated with device-to-device interaction.
“DART’s solution, which helps facilitate interoperability for multiple applications on disparate devices, aligns well with Motorola’s vision of seamless mobility,” said Tony Palcheck, investment manager, Motorola Ventures. “Their software allows wired and wireless distribution of applications, games and information such as music, photos, video, calendars and data, across mobile phones, PCs, Internet servers, PDAs, set-tops, MP3 players and DVRs.”
“Motorola is a global leader in mobile communications products, as well as home multimedia solutions. They are driving innovation in this field by making the people, content, and services important to consumers easily accessible and always within reach,” said Richard Mirabella, CEO, DARTdevices.
As the second most active globally focused corporate venture capital arm, Motorola Ventures invests in a diversified portfolio of technology firms, and is intensely focused on helping to accelerate Motorola’s seamless mobility vision.
DARTdevices will demonstrate its new technology publicly for the first time at the DEMO 2007 conference, Jan. 30 – Feb. 2, 2007, Palm Desert, Calif.
About DARTdevices Corporation
DARTdevices is a developer of new enabling software technology that unleashes the potential markets for communicating applications and devices. The company was founded by successful entrepreneurs responsible for creating and bringing to market some of the world’s leading operating systems, enterprise DRM systems, security technology and media players. DARTdevices is a private company, funded, in part, by Motorola. For more information, visit www.dartdevices.com
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 connect 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 $42.9 billion in 2006. For more information about our company, our people and our innovations, please visit http://www.Motorola.com .
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