Motorola Mobility has snapped up IPTV software specialist Dreampark, intending to wrap up the company's cross-platform TV portal system in Motorola Medios. Dreampark offers a scalable middleware for streaming video content over multiple pipelines, whether 3G mobile, 4G, cable or terrestrial, with scaling to suit various screen sizes. Motorola follows HTC in investing in media companies for streaming content access, potentially adding a new layer of differentiation in their tablet and smartphone ranges.
Of course, Motorola also has a STB business providing cable and satellite tuners and DVRs, so it's entirely possible we could see Dreampark technology show up in that hardware as well. Terms of the deal have not been disclosed, but Motorola expects it to close in Q2 2011.
Motorola Mobility Announces Intent to Acquire Dreampark
March 23, 2011
LIBERTYVILLE, Ill. – March 23, 2011 – Motorola Mobility, Inc. (NYSE: MMI) today announced that it has signed a definitive agreement to acquire Dreampark, a leading IPTV software provider based in Norrköping, Sweden. The acquisition is expected to close in the second quarter of 2011. Terms of the transaction were not disclosed.
Dreampark’s software portfolio maximizes operator flexibility and performance by taking advantage of the powers of open standards, such as HTML and scalable vector graphics (SVG), which, when combined with comprehensive software development kits (SDK) , allows operators to obtain full control of their television portals for complete customization. The Dreampark portfolio is expected to be integrated into the Motorola Medios service management software suite.
“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,” said John Burke, senior vice president and general manager of Motorola Mobility’s Converged Experiences business. “With the acquisition of Dreampark, Motorola Mobility will strengthen its ability to provide systems integrators, service providers, enterprises and content providers with innovative solutions for deploying converged media experiences. It’s great to have the Dreampark team on board.”
After the transaction closes, Dreampark will be integrated into Motorola Mobility’s Converged Experiences business -- complementing Motorola Mobility’s mobile device and home experience and broadening its reach across multiple screens. “We are pleased to join Motorola Mobility and bring a broader software portfolio to our existing customer base,” said Per Skyttvall, CEO of Dreampark. “It’s a fast-evolving time in the industry as consumers are looking to view content on their own terms, and we are excited to be extending our software innovation across multiple devices as a result of this agreement with Motorola Mobility.”