Motorola has signed a definitive agreement to acquire the assets of SecureM and its wholly owned subsidiaries, together operating as SecureMedia, a developer of software-based digital rights management (DRM) and security systems for IP video distribution and management.
SecureMedia develops and markets software systems for securing the distribution of digital entertainment over multiple platforms to multiple devices including set-top boxes, wireless handsets, PCs and portable entertainment devices.
After acquisition, SecureMedia will become part of Motorola’s home & networks mobility business. The acquisition is expected to enhance Motorola’s content security product portfolio and it will be able to offer both stand-alone and integrated software security services to IP video customers.
John Burke, senior vice president of Motorola home & networks mobility business, said: “Motorola continues to invest in our video infrastructure solutions as our customers evolve their networks to handle the explosion in consumer demand for video. SecureMedia has superior expertise in IP-based video security and digital rights management – critical capabilities for the emerging internet era of Television, where video content is mobilised across the three screens of TV, mobile phone and PC.”
Fred Ellis, chief operating officer for SecureMedia, said: “As part of Motorola, the SecureMedia team will continue to expand the reach of our award-winning digital security solutions by gaining new customers and partners in business segments such as cable and we will also continue to support our current customers and partners. We’re thrilled to become a part of Motorola, a major global video leader.”
The acquisition, which is subject to customary closing conditions, is expected to close in the first quarter of 2010.
