Motorola to Buy Triple-Play Startup
Leapstone Systems Follows Terayon Communication Systems, Modulus Video
By Todd Spangler -- Multichannel News, 7/10/2007 8:41:00 AM
Keeping up its buying binge, Motorola announced plans Tuesday to acquire privately held Leapstone Systems, a developer of software for delivering bundled video, voice and data services across multiple networks.
Terms of the deal were not disclosed. Leapstone would be the third company Motorola’s Home & Networks Mobility group has acquired this year -- after Terayon Communication Systems and Modulus Video -- and its seventh in one year.
Leapstone’s customers include AT&T and Verizon Wireless. Its Communications Convergence Engine product suite provides content-management and multimedia-service delivery for both fixed and wireless operators.
“Leapstone will contribute its leading intelligent service-delivery and content-management platform to Motorola, which will serve as our new engine for enabling seamless mobility experiences across applications, devices and domains,” Motorola Home & Networks Mobility president Dan Moloney said in a prepared statement.
According to Leapstone, the CCE system is “aligned” with the IP Multimedia Subsystem (IMS) architectural framework and can support Internet-protocol-TV, voice over IP, high-speed-Internet and converged fixed-mobile services. The product’s service-brokering capabilities works in multivendor networks and can use different protocol interfaces, the company added.
Based in Somerset, N.J., Leapstone has 75 employees, all of whom are expected to join Motorola.
Motorola said the acquisition -- subject to usual closing conditions, including the approval of Leapstone’s shareholders -- is expected to be completed in the third quarter.
Investors in Leapstone, founded in 2001, include Accel Partners, New Enterprise Associates, Oak Investment Partners, Mayfield Fund, Soros Private Equity Partners, Goldman Sachs, JPMorgan and Redwood Venture Partners.
No related content found.
Featured Company
-
Telestream
Telestream products are used by the world's leading media and entertainment companies and corporations for transcoding and workflow automation. Telestream helps customers transform their media for multiplatform distribution to web, mobile, DVD, cable VOD, podcast and broadcast pl..more
VIEW ALL GALLERIES
