Motorola has struck a deal to buy SecureM, which is a developer of software-based digital rights management and security systems for IP video distribution and management.
While financial terms of the agreement weren’t available, Motorola said the deal would close in the first quarter of this year once it passed the customary closing conditions.
Once the deal is finalized, SecureM, which operators under the name of SecureMedia, will become a part of Motorola’s Home & Network Mobility division.
In November, The Wall Street Journal reported that Motorola was trying to sell the Home & Network Mobility division for $4.5 billion, with J.P. Morgan Chase and Goldman Sachs Group serving as advisers.
SecureMedia develops and markets software systems for securing the distribution of digital entertainment over multiple platforms to multiple devices, including set-top boxes, wireless handsets, PCs and portable entertainment devices.
SecureMedia’s Encryptonite One system supplies end-to-end security for content in managed IP, mobile, over-the-top and hybrid environments.
With this acquisition, Motorola will be able to offer both stand-alone and integrated software security solutions to IP video customers.
“Motorola continues to invest in our video infrastructure solutions as our customers evolve their networks to handle the explosion in consumer demand for video,” said John Burke, senior vice president of Motorola’s Home & Network Mobility business. “SecureMedia has superior expertise in IP-based video security and digital rights management – critical capabilities for the emerging Internet era of television, where video content is mobilized across the three screens of TV, mobile phone and PC.”
|More Broadband Direct 1/08/10:|
|• DLNA's new guidelines woo cable |
|• Motorola buys DRM vendor SecureM |
|• Report: iPhone-like apps on TV |
|• Foes of Comcast-NBCU deal keep the heat on |
|• Comcast, FCC take net neutrality dispute to court |
|• Mediacom reaches retrans accord with Sinclair |
|• T-Mobile USA to stop selling landline service |
|• Intel's Otellini offers glimpse of future |
|• Palm Pre, Pixi coming to Verizon Wireless |
|• E-reader boom kindles a variety of new options |
|• Broadband Briefs for 01/08/10 |