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News and Information Article
SCHAUMBURG, Ill., Dec. 5 /-FirstCall/ -- Motorola, Inc.
(NYSE: MOT) through Motorola Ventures, its strategic venture capital arm,
today announced that it has made an equity investment in Mobile Complete.
Financial terms of the agreement were not disclosed. Motorola Ventures led
the investment in Mobile Complete as part of a Series B Financing, along
with participation from a previous investor, Innovacom VC.
Founded in 2003, Mobile Complete develops, test and deploys mobile
applications and services. The company launched DeviceAnywhere.com in
December 2005 to help content providers address the issue of handset
proliferation by accessing real mobile devices over the Internet at any
time, from any location. This rapidly growing service has been deployed
across 10 carrier networks and five locations, including the US, Canada,
and the UK.
"Motorolas intense focus on quality aligns with Mobile Completes
focus on improving device manufacturers ability to rapidly test and deploy
software," said Warren Holtsberg, corporate vice president, equity
investments at Motorola. "We believe its Direct-to-Device(TM) technology
enables the larger mobile devices ecosystem and developer community to more
quickly and cost-efficiently develop and monitor applications across a
range of Motorola handsets running on wireless operators networks
globally."
Mobile Completes patent-pending Direct-To-Device(TM) technology
consists of proprietary software that allows the remote control and
operation of mobile handsets directly from the users PC. Content providers
are able to install their applications, download content over-the-air, and
develop, port, or test the compatibility of their content with these
handsets. Unlike emulators, the technology allows the content provider to
remotely operate the actual device, listen to ringers and speakers, and
capture screens including video streams, providing a true user experience.
"Motorola Ventures is aligning with proven technology, products, and a
strong business model, with a roster of 650 plus customers that includes
major mobile content and application developers, network operators and
device manufacturers," said Faraz Syed, CEO of Mobile Complete.
As the second most active globally-focused corporate venture capital
arm, Motorola Ventures is investing up to $150 million per year in a
diversified portfolio of technology firms, and intensely focused on helping
to accelerate Motorolas seamless mobility vision.
About Mobile Complete
Mobile Complete offers solutions for managing mobile handset
proliferation. Its unique Direct-to-Device(TM) technology provides access
to and interaction with real mobile devices connected to live global
networks. The Internet brings these remote devices and networks directly to
users desktops. Through a simple desktop interface, users can press device
buttons, view LCD displays and listen to ringers and speakers. For more
information visit http://www.mobilecomplete.com and
http://www.deviceanywhere.com .
About Motorola Ventures
Motorola Ventures (MV) is the global, strategic venture capital
investment arm of Motorola, Inc. MV actively 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: 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 $35.3
billion in 2005. For more information about our company, our people and our
innovations, please visit http://www.motorola.com .
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