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.
Terms of the transaction were not disclosed. The acquisition, which is subject to customary closing conditions, is expected to close in Q1 2010. SecureMedia will now become part of Motorola’s Home & Networks Mobility business.
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. Approved by all major film studios and TV broadcasters, SecureMedia’s Encryptonite ONE system supplies proven end-to-end security for content in managed IP, mobile, over-the-top (OTT) and hybrid environments, enabling new business from the consumption of high-value content anytime and anyplace. SecureMedia complements its product offerings with customer support and consulting services including installation, training, integration and support.
With this acquisition, Motorola will enhance its content security product portfolio. It will be able to offer both stand-alone and integrated software security solutions to IP video customers.
“Motorola continues to invest in our video infrastructure solutions as our customers evolve their networks to handle the explosion in consumer demand for video,” says John Burke, senior vice-president of the Motorola Home & Networks Mobility business. “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 mobilized across the three screens of TV, mobile phone and PC.”
Fred Ellis, chief operating officer of SecureMedia, adds: “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.”