Motorola Completes Acquisition Of Modulus Video
SCHAUMBURG, Ill. and SUNNYVALE, Calif., July 2 /PRNewswire-FirstCall/ --
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.
About Modulus Video
Since its founding in 2002, Modulus Video has been the only company to
focus 100 percent of its efforts on perfecting the use of the MPEG-4 AVC video
compression standard. As a result, Modulus Video's powerful MPEG-4 AVC
encoders are now a critical component behind today's most compelling IPTV
deployments around the world, providing the most efficient use of available
bandwidth and delivering outstanding standard definition and high definition
television services over new and existing broadband infrastructure. Its
products meet the needs of the broadcast, narrowcast and video-on-demand
markets. For more information, please visit www.modulusvideo.com.
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 $42.9 billion in 2006. For more information
about our company, our people and our innovations, please visit
http://www.Motorola.com.
