14 DAY TRIAL // Mobile phone maker Motorola Mobility, Inc. has just announced that it agreed to purchase Dreampark, a leading IPTV software provider based in Norrköping, Sweden.
The handset vendor notes that the deal is expected to be finalized sometime during the second quarter of the ongoing year, but did not disclose specific terms of the transaction.
Dreampark has a software portfolio that enables operators to easily maximize flexibility and performance. The solutions are taking full advantage of a series of open standards, like HTML and scalable vector graphics (SVG), the company explains.
These technologies are complemented by comprehensive software development kits (SDK), and offer carriers the possibility to obtain full control of their television portals, which should result in extensive customizations.
“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.”
Following the transaction, the Dreampark portfolio would be integrated into the Motorola Medios service management software suite, the company announced.
Moreover, as soon as the deal is closed, Motorola Mobility’s Converged Experiences business would integrate Dreampark, the handset vendor continued.
Thus, Motorola Mobility’s mobile device and home experience would be expanded, while the company's reach across a variety of screens broadened.
“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.”