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News and Information Article
NEW YORK, Feb. 27 // -- netomat, Inc., pioneers in Mobile-PC
convergence, announced today that Motorola, Inc. (NYSE: MOT) through Motorola
Ventures, its strategic venture capital arm, made an investment in the
company. Financial terms of this agreement were not disclosed.
netomats IP-based platform was built from the ground up to converge
mobile PC and content services. The company recently launched netomat hub, the
first group picture, text and RSS sharing service for mobile phones and PCs.
The service seamlessly integrates multiple essential services for real-time
group communication, including picture and text messaging with presence, RSS
syndication, trusted social networking, digital photo storage and update
alerts.
"Motorola and netomat share a common vision of seamless mobility," said
Matthew Growney, managing director of Motorola Ventures. "Consumers want to be
connected to the people and content that matters to them regardless of the
device or network they happen to be using."
"We are extremely pleased Motorola decided to invest in our company," said
Alan Gershenfeld, CEO of netomat. "We share their vision for IP-based
convergence and are excited by the range and power of their devices, which are
optimized for convergent services. Motorolas investment will further enable
us to develop our platform, which enables friends, family and colleagues to
stay connected instantly to whatever is important to them."
About netomat
netomat is a software company whose mission is to break down barriers to
communication. The company is privately held and financed by a group of
investors including venture capitalists, foundations and individuals
reflecting the companys genesis as a network based art project as well as the
companys goal to build an innovative, responsible and profitable software
company. For more information visit http://www.netomat.net.
About Motorola Ventures
Motorola Ventures (MV) is the global, strategic venture capital investment
arm of Motorola, Inc. MV invests at all stages in developing companies of
strategic value to Motorola in order to accelerate access to new technologies,
new markets and new talent. For more information, visit
http://www.motorola.com/ventures .
About Motorola
Motorola is known around the world for innovation and leadership in
wireless and broadband communications. Inspired by our vision of Seamless
Mobility, the people of Motorola are committed to helping you get and stay
connected simply and seamlessly to the people, information, and entertainment
that you want and need. We do this by designing and delivering "must have"
products, "must do" experiences and powerful networks -- along with a full
complement of support services. A Fortune 100 company with global presence
and impact, Motorola had sales of US $36.8 billion in 2005. For more
information about our company, our people and our innovations, please visit
http://www.motorola.com.
NOTE: netomat and netomat hub are registered trademarks of netomat, Inc.
All other registered or unregistered trademarks are the sole property of their
respective owners.
Media Contacts:
Gary Byrd
FortyThree, Inc.
831-621-3773
netomat@fortythreepr.com
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