Motorola Invests in VirtualLogix
SCHAUMBURG, Ill.– Motorola, Inc. (NYSE: MOT) through Motorola Ventures, its strategic venture capital arm, announced today it made an equity investment in VirtualLogix, a maker of virtualization software for communications devices and infrastructure equipment. Financial terms of the investment were not disclosed.
VirtualLogix is a leader in real-time virtualization—an innovative technology that is shaping the future for communications devices and equipment. Their technology enables the mobility of applications from the desktop to devices, improves quality of service and security in an open mobile world, and will enable a new generation of dynamic individual user experiences.
“As the mobile eco-system grows increasingly complex, demand for simplified product designs that allow dynamic mobile experiences to run across multiple platforms will intensify,” said Reese Schroeder, managing director, Motorola Ventures. “Virtualization offers a solution to this complexity. Our investment in VirtualLogix will help accelerate the delivery of their technology to next-generation communications devices and infrastructure equipment.”
“As virtualization moves out from the datacenter and into everyday front-end connected devices, our connected world will require the delivery of efficient, secure and customizable user experiences,” said Peter Richards, CEO of VirtualLogix. “To meet this demand, leading electronics manufacturers are looking to leverage the VirtualLogix technology to create products with improved security, manageability and customization.”
Motorola joins VirtualLogix’s current investors Atlas Venture, Cisco Systems, DFJ Esprit, Index Ventures, Intel Capital and Texas Instruments.
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