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News and Information Article
MOUNTAIN VIEW, Calif. and SCHAUMBURG, Ill., Jan. 30
/-FirstCall/ -- Motorola, Inc. (NYSE: MOT) and DARTdevices
Corporation, a developer of a disruptive software technology for consumer
devices, today announced that Motorola Ventures, the strategic venture arm
of Motorola, has made a Series A investment in the company. Financial terms
of the agreement were not disclosed.
Founded in 2003, DARTdevices has developed software that lets multiple
consumer devices directly access the combined content and applications of
any DART-enabled device such as mobile phones and PCs. DART software
seamlessly addresses the software distribution, versioning, security,
hardware compatibility and synchronization issues typically associated with
device-to-device interaction.
"DARTs solution, which helps facilitate interoperability for multiple
applications on disparate devices, aligns well with Motorolas vision of
seamless mobility," said Tony Palcheck, investment manager, Motorola
Ventures. "Their software allows wired and wireless distribution of
applications, games and information such as music, photos, video, calendars
and data, across mobile phones, PCs, Internet servers, PDAs, set-tops, MP3
players and DVRs."
"Motorola is a global leader in mobile communications products, as well
as home multimedia solutions. They are driving innovation in this field by
making the people, content, and services important to consumers easily
accessible and always within reach," said Richard Mirabella, CEO,
DARTdevices.
As the second most active globally focused corporate venture capital
arm, Motorola Ventures invests in a diversified portfolio of technology
firms, and is intensely focused on helping to accelerate Motorolas
seamless mobility vision.
DARTdevices will demonstrate its new technology publicly for the first
time at the DEMO 2007 conference, Jan. 30 - Feb. 2, 2007, Palm Desert,
Calif.
About DARTdevices Corporation
DARTdevices is a developer of new enabling software technology that
unleashes the potential markets for communicating applications and devices.
The company was founded by successful entrepreneurs responsible for
creating and bringing to market some of the worlds leading operating
systems, enterprise DRM systems, security technology and media players.
DARTdevices is a private company, funded, in part, by Motorola. For more
information, visit http://www.dartdevices.com .
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 connect
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 $42.9 billion in 2006. For more
information about our company, our people and our innovations, please visit
http://www.Motorola.com .
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