Motorola Strengthens IP Video Portfolio With Strategic Acquisition
January 07 2010 - 11:30AM
PR Newswire (US)
SCHAUMBURG, Ill., Jan. 7 /PRNewswire-FirstCall/ -- Motorola, Inc.
(NYSE: MOT) today announced that it has signed a definitive
agreement to acquire the assets of SecureM, LLC and its wholly
owned subsidiaries, together operating as SecureMedia®, a developer
of software-based digital rights management (DRM) and security
systems for IP video distribution and management. Terms of the
transaction were not disclosed. The acquisition, which is subject
to customary closing conditions, is expected to close in Q1 2010.
SecureMedia will now become part of Motorola's Home & Networks
Mobility business. SecureMedia develops and markets software
systems for securing the distribution of digital entertainment over
multiple platforms to multiple devices, including set-top boxes,
wireless handsets, PCs and portable entertainment devices. Approved
by all major film studios and TV broadcasters, SecureMedia's
Encryptonite ONE(TM) system supplies proven end-to-end security for
content in managed IP, mobile, over-the-top (OTT) and hybrid
environments, enabling new business from the consumption of
high-value content anytime and anyplace. SecureMedia complements
its product offerings with customer support and consulting services
including installation, training, integration and support. With
this acquisition, Motorola will enhance its content security
product portfolio. It will be able to offer both stand-alone and
integrated software security solutions to IP video customers.
"Motorola continues to invest in our video infrastructure solutions
as our customers evolve their networks to handle the explosion in
consumer demand for video," said John Burke, senior vice president,
Motorola Home & Networks Mobility business. "SecureMedia has
superior expertise in IP-based video security and digital rights
management -- critical capabilities for the emerging Internet Era
of Television, where video content is mobilized across the three
screens of TV, mobile phone and PC." "As part of Motorola, the
SecureMedia team will continue to expand the reach of our
award-winning digital security solutions by gaining new customers
and partners in business segments such as cable and we will also
continue to support our current customers and partners," said Fred
Ellis, chief operating officer for SecureMedia. "We're thrilled to
become a part of Motorola, a major global video leader." Motorola's
Home & Networks Mobility business delivers fully integrated and
customizable media solutions enabling operators to provide
personalized, rich media experiences to their subscribers. As a
global video leader in digital entertainment devices, digital and
IP video headends and digital video processing, Motorola brings its
video expertise to bear as operators -- wireline, wireless, cable
and telco - seek to evolve their networks for the future. About
SecureMedia SecureMedia is the most experienced provider of proven
open-platform content protection software for video-on-demand, IP
video, multimedia, music and other digital content distributed over
cable, satellite and broadband IP networks. More information is
available at http://www.securemedia.com/. SecureMedia is a
registered trademark of and Encryptonite ONE is a trademark of
SecureM, LLC. About Motorola 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/. Media Contact Stephanie
Forrest Mobile: +44 (0)7739 884452 Motorola, Inc.
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http://photoarchive.ap.org/ DATASOURCE: Motorola, Inc. CONTACT:
Stephanie Forrest of Motorola, Inc., Mobile, +44 (0)7739 884452,
Web Site: http://www.motorola.com/
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