Motorola Mobility, executing its third software deal in the last four months, announced a definitive agreement to acquire Swedish IPTV software provider Dreampark.
Terms of the deal weren't disclosed. The acquisition is expected to close in the second quarter of 2011.
Dreampark's software -- deployed with several European services providers -- uses standards such as HTML and scalable vector graphics (SVG) to let operators customize their on-screen guide. Motorola Mobility expects to integrate the Dreampark portfolio into its Medios service management software suite, designed to deliver content and services to multiple devices.
All of Dreampark's employees -- just under 50 people -- are expected to join Motorola Mobility after the deal closes, Motorola Mobility spokeswoman Stephanie Forrest said.
Dreampark customers include Canal Digital, a Scandinavian TV operator with 3 million TV subscribers; satellite TV operator Viasat; FastTV, an IPTV operator provides service in Norway, Denmark and Sweden; Denmark-based Dansk Bredbaand; and Slovenian provider Tus telecom.
The proposed deal comes after Motorola Mobility's acquisitions of two startups in December: 4Home, a developer of software and services for delivering "connected home" services such as home-security monitoring; and Zecter, a startup that has developed synchronization and streaming technologies to lets users access their video, music, photos and documents from smartphones, tablets and PCs.
"This transaction enables us to continue to enhance our Medios software portfolio and capitalize upon the convergence of wireless technology, media, mobile computing and the Internet," John Burke, senior vice president and general manager of Motorola Mobility's Converged Experiences business, said in a statement.
Dreampark will let Motorola Mobility "strengthen its ability to provide systems integrators, service providers, enterprises and content providers with innovative solutions for deploying converged media experiences," Burke added.
Once the deal closes, Norrkoping, Sweden-based Dreampark will be integrated into Motorola Mobility's Converged Experiences business.
On Jan. 4, 2011, Motorola Inc. officially separated into two entities: Motorola Mobility, based in Libertyville, Ill., which combined the cable set-top and video infrastructure business with the resurgent mobile devices group; and Motorola Solutions, which merged the enterprise and government communications business units.
Weekly digest of streaming and OTT industry news
Thank you for signing up to Multichannel News. You will receive a verification email shortly.
There was a problem. Please refresh the page and try again.