Motorola cell phone maker has announced that they have acquired the Swedish TV software company Dreampark. This could meant hat the company is looking to add to their TV technology with the acquisition and get deeper in that market. That acquisition is not expected to come to a final close until the second quarter of 2011, and so far details of the acquisition have not been made public yet. Motorola will look to use their Dreamgallery and other technology from the company and place them in the software suite offered by the company, Motorola Medios.
The press release suggested that the acquisition was completely for their Motorola Medios software suite, but the company has developed a number of other technologies that certainly could find some sort of use in other arenas of Motorola as well.
Once the transaction is completely closed, Dreampark will be integrated into their business and will cease to exist as its own entity. The purchase will allow the company to have a broader portfolio and will also allow them to increase their customer base moving forward.
It will contesting to see what kind of technologies come about as a result of the acquisition. There were no rumors about Motorola looking at DreamPark previous to this and it seemed to come out of nowhere from an industry standpoint. Could this be a start of flurry of acquisitions for their software suite, or will this single acquisition be enough for the company moving forward.
“This transaction enables us to continue to enhance our Medios software portfolio and capitalize upon the convergence of wireless technology,” said the Motorola VP John Burke, who addressed the media following the announcement of the acquisition. This seems to be in the best interest of both companies and shows that Motorola is dedicated to making sure that their software suite is packed chalk-full of useful software.
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