Motorola to Acquire Broadbus Technologies, Extend Portfolio of 'Seamless Video Anywhere' Solutions
ROSEMONT, Ill., July 25 /PRNewswire-FirstCall/ -- 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(R)).
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.
Business Risks
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.
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 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
http://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.
SOURCE Motorola, Inc.
