LIBERTYVILLE, Ill.,
Dec. 1, 2010
/PRNewswire-FirstCall/ -- Motorola Mobility, Inc., a wholly-owned
subsidiary of Motorola, Inc. (NYSE: MOT), today announced that it
has signed a definitive agreement to acquire 4Home, Inc., a
developer of a patented and award-winning software and services
platform that bridges the gap between the consumer and the devices
that deliver services and information in today's connected
home.
Terms of the transaction were not disclosed. The acquisition,
which is subject to customary closing conditions, is expected to
close by the end of the year.
4Home delivers connected home services through its carrier-grade
software platform, ControlPoint. These services include energy
management, home security and monitoring, media management and home
health. ControlPoint is based on a customizable design, using open
standards that allow partners to develop compelling new services
for consumers that utilize the growing number of connected devices
in the home.
"At Motorola Mobility, we continue to invest in our converged
experiences portfolio, and 4Home provides a wealth of services and
software applications that offer consumers control and information
for their digital lives," said Dan
Moloney, president, Motorola Mobility. "The addition of the
4Home portfolio helps expand our vision of converged experiences in
the home and beyond."
"As part of Motorola Mobility, the 4Home team will continue to
increase the adoption of our award-winning connected home services
platform by tapping into new business segments, such as cable, as
well as adding significant resources to support our current
customers and partners," said Leon
Hounshell, president and CEO of 4Home. "We're excited to
become a part of Motorola Mobility, a premier innovator in
communications, and look forward to leveraging our team's expertise
to make meaningful contributions to the business."
About 4Home
4Home is a leading provider of “connected home services,” which
include energy management, home security and monitoring, media
management, and home health. 4Home’s ControlPoint™, Portal Server,
and SDK software products allow hardware vendors and service
providers to create and deploy compelling, easy-to-use, and
profitable new applications and services for the connected home. A
single copy of the networked ControlPoint software installed
anywhere on the home network provides whole home coverage — from
anywhere and at anytime. Portal Server is a robust application
server for the NOC providing scalable and manageable home control
services for a broad, mass-market rollout. 4Home, Inc. is based in
Sunnyvale, CA, and its investors
include Pond Venture Partners, Parker Price Venture Capital and
Verizon Investments, Inc. For more information on 4Home and its
award-winning solutions, please visit www.4Home.com.
About Motorola
Motorola is known around the world for innovation in
communications and is focused on advancing the way the world
connects. From broadband communications infrastructure, enterprise
mobility and public safety solutions to mobile and wireline digital
communication devices that provide compelling experiences, Motorola
is leading the next wave of innovations that enable people,
enterprises and governments to be more connected and more mobile.
Motorola (NYSE: MOT) had sales of US $22
billion in 2009. For more information, please visit
www.motorola.com.
For Motorola
Mobility
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Media Contact:
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Jennifer Erickson
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Motorola Mobility,
Inc.
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+1 847-523-2422
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jennifer.erickson@motorola.com
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Investor Contact:
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Dean Lindroth
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Motorola Mobility,
Inc.
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+1 847-576-6899
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dean.lindroth@motorola.com
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SOURCE Motorola Mobility, Inc.