Motorola Mobility Announces Intent to Acquire DreamparkWednesday, March 23rd, 2011
LIBERTYVILLE, Ill. — Motorola Mobility, Inc. (NYSE: MMI) today announced that it has signed a definitive agreement to acquire Dreampark, a leading IPTV software provider based in Norrkoping, Sweden. The acquisition is expected to close in the second quarter of 2011. Terms of the transaction were not disclosed.
Dreampark’s software portfolio maximizes operator flexibility and performance by taking advantage of the powers of open standards, such as HTML and scalable vector graphics (SVG), which, when combined with comprehensive software development kits (SDK), allows operators to obtain full control of their television portals for complete customization. The Dreampark portfolio is expected to be integrated into the Motorola Medios service management software suite.
“This transaction enables us to continue to enhance our Medios software portfolio and capitalize upon the convergence of wireless technology, media, mobile computing and the Internet,” said John Burke, senior vice president and general manager of Motorola Mobility’s Converged Experiences business. “With the acquisition of Dreampark, Motorola Mobility will strengthen its ability to provide systems integrators, service providers, enterprises and content providers with innovative solutions for deploying converged media experiences. It’s great to have the Dreampark team on board.”
After the transaction closes, Dreampark will be integrated into Motorola Mobility’s Converged Experiences business — complementing Motorola Mobility’s mobile device and home experience and broadening its reach across multiple screens. “We are pleased to join Motorola Mobility and bring a broader software portfolio to our existing customer base,” said Per Skyttvall, CEO of Dreampark. “It’s a fast-evolving time in the industry as consumers are looking to view content on their own terms, and we are excited to be extending our software innovation across multiple devices as a result of this agreement with Motorola Mobility.”