SCHAUMBURG, Ill. ? 5 December 2006 ? 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.
?Motorola's intense focus on quality aligns with Mobile Complete's 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™ 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 operator's networks globally.?
Mobile Complete's patent-pending Direct-To-Device™ technology consists of proprietary software that allows the remote control and operation of mobile handsets directly from the user's 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 Motorola's seamless mobility vision.
About Mobile Complete
Mobile Complete offers solutions for managing mobile handset proliferation. Its unique Direct-to-Device™ 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.
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.
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.