Motorola Completes Acquisition of Modulus Video
SCHAUMBURG, Ill and SUNNYVALE CA.- Motorola, Inc. (NYSE: MOT) announced it has completed its acquisition of Modulus Video, Inc., a privately-held company. The terms of the transaction were not disclosed.
Modulus Video is a leader and innovator in MPEG-4 Advanced Video Coding (AVC) compression systems designed for delivery of high value video content in the IPTV, cable, broadcast and satellite marketplace. Modulus Video has partnered with Motorola for over two years bringing high-quality encoding solutions to key customers around the world.
This acquisition complements Motorola’s recent acquisitions of Broadbus, Kreatel, Tut Systems and Netopia in the creation and delivery of an integrated, end-to-end video delivery system for multiple network architectures.
Modulus Video will become a wholly owned subsidiary of Motorola and will be integrated into the Motorola Home and Networks Mobility business. Motorola intends to maintain Modulus Video operations in Sunnyvale, California.
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