Motorola Buys Video Software Company
biz.yahoo.com
Monday September 25, 12:40 pm ET
Motorola Buys Video Software Company Vertasent for Undisclosed Amount
SCHAUMBURG, Ill. (AP) -- Cell phone maker Motorola Inc. said Monday it bought Vertasent LLC in an effort to enhance its next-generation video network platform.
Financial terms of the deal were not disclosed. Colmar, Pa.-based Vertasent develops video software, which Motorola said it would enable it to stream video programming to any device.
"Motorola's acquisition of Vertasent, coupled with its purchase of Broadbus Technologies earlier this summer, now allows the company to provide pay-TV service providers with an end-to-end, open standards hardware and software portfolio that supports advanced video services and improves bandwidth management," said Mike Paxton, a cable TV industry analyst at In-Stat, a technology research firm, in a statement issued by Motorola. |
