Motorola Inc. said it will acquire Broadbus Technologies Inc., a privately-held provider of technology systems for television on-demand based in Boxborough, Ma. Financial terms of the transaction were not disclosed.
Founded in 1999, Broadbus Technologies has more than 60 video-on-demand deployments with service providers worldwide. Its carrier-class technology enables the distribution of on-demand content to consumers through multiple devices. The deal will extend Motorola's video delivery platform with new content management and distribution capabilities that address growing market opportunities such as mobile video, video on-demand, time-shifted TV, network-based digital video recording, on-demand ad insertion and switched digital video.
"Today, consumers expect to access video entertainment on the different devices they have, inside and outside of their home, in varying formats--and to have it available upon request, said Dan Moloney, president, Motorola Connected Home Solutions. "The addition of Broadbus Technologies will bring Motorola's video delivery platform one step closer to enabling this vision of seamless mobility by providing us with field-proven content management and delivery solutions."
The company said it expects the acquisition, which is subject to regulatory and other customary approvals, to close in the third quarter.
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