Motorola to Acquire Modulus Video
Motorola is buying Modulus Video for an undisclosed sum. The Schaumburg, Ill. handset giant adds Modulus to a list of recent acquisitions aimed at end-to-end video delivery on a variety of architectures.
Modulus Video, located in Sunnyvale, Calif., specializes in MPEG-4 compression systems. The company has been working with Motorola for more than two years. Motorola also recently bought Broadbus, Kreatel, Tut Systems and Netopia.
Upon completion of the transaction, Modulus Video will become a wholly owned subsidiary of Motorola and integrated into the Home & Networks Mobility business. The operation will remain in Sunnyvale. The deal is expected to be completed in the second or third quarter of this year subject to customary regulatory and stockholder approval.
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