Motorola Completes Modulus Buy
Modulus to Be Integrated into Motorola’s Home and Networks Mobility Business
By Todd Spangler -- Multichannel News, 7/2/2007 12:37:00 PM
Motorola completed the acquisition of privately held Modulus Video, a provider of video-compression systems designed for Internet-protocol-TV providers, for an undisclosed sum.
Under the terms of the deal, announced May 17, Modulus will become a wholly owned subsidiary and integrated into Motorola’s Home and Networks Mobility business. Motorola intends to maintain Modulus’ operations in Sunnyvale, Calif.
Modulus, with about 57 employees, provides MPEG-4 Advanced Video Coding compression systems. Its customers include AT&T, Bell Canada and CenturyTel.
