Motorola decided in November to snap up Israel-based BitBand, which specializes in IPTV deployments, content delivery networks and over-the-top video services. Motorola had intended to finalize the takeover – the terms of which are not being disclosed – by the end of 2009’s fourth quarter.
Buying BitBand is meant to complement Motorola’s content management and streaming servers product line overseen by the Home & Networks Mobility Unit. That division now is run by former co-CEO Sanjay Jha; Motorola aims to separate its groups into two new companies by the first quarter of 2011. The plan is to combine the mobile devices and home businesses, and the enterprise mobility and networks branches.
The next step, though, is to integrate BitBand into Motorola. Motorola said it now can offer comprehensive on-demand video platforms worldwide, for a range of networks, video formats and business models. Motorola especially hopes to capitalize in BitBand’s customer base in Europe – headquartered in Illinois, Motorola has been working to shore up its infrastructure market share in the EMEA region.
In the meantime, Motorola’s two other pending acquisitions – the buyouts of RadioFrame and SecureM LLC – have yet to close. Those companies, too, will become part of Motorola’s Home & Networks Mobility unit.
Shares of Motorola stock were trading .29 percent higher mid-day Friday, reaching $7.03.
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May 18 2018 @ 20:40:07 UTC