Motorola Strengthens IP Video Portfolio With Strategic Acquisition
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 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 in communications and is focused on advancing the way the world connects. From broadband communications infrastructure, enterprise mobility and public safety solutions to high-definition video and mobile devices, Motorola is leading the next wave of innovations that enable people, enterprises and governments to be more connected and more mobile. Motorola (NYSE: MOT) had sales of US $30.1 billion in 2008. For more information, please visit www.motorola.com.
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Motorola, Inc.
SOURCE Motorola, Inc.
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