SCHAUMBURG, Ill. 16 November 2009 -- Motorola, Inc. (NYSE: MOT) today announced that it has signed a definitive agreement to acquire BitBand, a leading provider of content management and delivery systems, specializing in video on demand for IPTV. Terms of the transaction were not disclosed. The acquisition, which is subject to customary closing conditions, is expected to close in Q4 2009. BitBand will be integrated into Motorola’s Home & Networks Mobility business.
Based in Netanya, Israel, BitBand has more than 60 commercial IPTV deployments worldwide, including TELE2 (Holland), Fastweb (Italy), and Swyazinvest (Russia). The acquisition of BitBand will complement Motorola’s existing on demand product line which includes the Adaptive Media Management framework for content management and high-performance streaming servers for centralized and edge-based on demand networks. BitBand brings products tailored for IP video and expertise in IPTV solutions, as well as solutions for Content Delivery Networks (CDN) and Over-the-Top video services. With the addition of BitBand’s products, Motorola can offer comprehensive on demand solutions for customers worldwide, addressing a wide range of deployment scales, access networks, video formats and business models.
Founded in January 1999 by a team of experts in networking, telecommunications, hardware & software development, BitBand is a leading technology provider for advanced video content delivery solutions. The company is privately held, incorporated in the United States, with headquarters and R&D center in Israel.
