14 DAY TRIAL // Motorola Mobility a wholly-owned subsidiary of Motorola, Inc., recently announced the acquisition of 4Home a developer of a patented software called ControlPoint, which helps consumers connect home devices.
The announcement follows company president Daniel Moloney's statement that Motorola is working on a standalone device that will wirelessly stream videos to tablets and phones in a home.
The said device is supposed to be integrated directly into upcoming set-top-boxes that the company plans to launch soon.
The definitive agreement to acquire 4Home bridges the gap between the consumer and the devices that deliver services and information while at 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,” continued Moloney.
4Home's ControlPoint software platform delivers connected services such as energy management, home security, as well as monitoring, media management and home health.
The platform is based on a customizable design and it uses open standards, thus allowing developers to add new services for consumers as the number of connected devices in the home grows.
“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,” added Hounshell.
Motorola Mobility hasn't disclosed the terms of the transaction, but the deal is expected to close by the end of the year.