Motorola Completes Acquisition of Leapstone Systems
Privately-Held Company Contributes Leading Software Platform for Converged Services and Applications
SCHAUMBURG, Ill., Aug 20, 2007 --Motorola, Inc. (NYSE: MOT) has completed the acquisition of privately-held Leapstone Systems, Inc. Leapstone is a leading communications software developer that provides a unified platform for rapidly creating, managing and delivering converged video, voice and data service bundles across multiple networks and devices. Terms of the transaction were not disclosed.
Leapstone flagship Communications Convergence Engine (CCE) product suite is a real-time service delivery platform that enables fixed and mobile network operators to expand and evolve their service offerings through its powerful Service Broker and Content Manager software products. Leapstone has a proven commercial track record of success and counts some of the world's leading service providers as its customers.
As of today, Leapstone becomes a part of Motorola's Home & Network Mobility business.
The two companies announced a definitive merger agreement on July 10, 2007.
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 $42.8 billion in 2006. For more information about our company, our people and our innovations, please visit www.motorola.com.
