Motorola this morning announced that it has completed the previously announced acquisition of BitBand, an Israel-based provider of content management and delivery systems, specializing in video on-demand for IPTV.
Terms of the transaction were not disclosed.
Motorola says the purchase of BitBand will complement its existing on-demand product line, which includes a framework for content management and high-performance streaming servers for centralized on-demand networks. It’s also worth noting that Motorola late last year also completed the acquisition of SecureMedia, a company that specializes in digital rights management for IP video networks.
Motorola recently said that it is moving forward with plans to reorganize into two independent companies by the first quarter of next year, with its mobile handset unit and its television set-top box division being combined and spun off as a separate publicly traded company.
Rumor has it that Motorola has been seeking a buyer for its set-top box and wireless networking units for quite some time, hoping to fetch between $1 billion and $5 billion depending on which media report you choose to believe.
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.
Motorola Solutions, Inc. (NYSE: MSI) is a data communications and telecommunications equipment provider that succeeded Motorola Inc. following the spin-off of the mobile phones division into Motorola Mobility Holdings, Inc. in 2011. The company is headquartered in Schaumburg, Illinois, a Chicago suburb. Motorola Solutions is composed of the Enterprise Mobility Solutions division of the former Motorola, Inc. Motorola Solutions also previously had a Networks division, which it sold to Nokia Siemens Networks in a transaction that was completed on April...