Motorola To Buy SecureMedia
January 8, 2010 (FinancialWire) — Motorola, Inc. (NYSE: MOT) said it has signed a definitive agreement to acquire the assets of SecureM, LLC and its wholly owned subsidiaries, together operating as SecureMedia.
SecureMedia is a developer of software-based digital rights management and security systems for IP video distribution and management.
Terms of the transaction were not disclosed.
The acquisition, which is subject to customary closing conditions, is scheduled to close in Q1 2010. SecureMedia will now become part of Motorola’s Home & Networks Mobility business.
Illinois-based Motorola posted sales of $30.1 billion in 2008.
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