Motorola Invests in VirtualLogix By VSM News Staff published: Monday, April 21 2008
SCHAUMBURG,
Ill. - 21 April 2008 - Motorola, Inc. (NYSE: MOT) through Motorola
Ventures, its strategic venture capital arm, announced today it made an
equity investment in VirtualLogix, a maker of virtualization software
for communications devices and infrastructure equipment. Financial terms of the investment were not disclosed.
VirtualLogix
is a leader in real-time virtualization-an innovative technology that
is shaping the future for communications devices and equipment. Their
technology enables the mobility of applications from the desktop to
devices, improves quality of service and security in an open mobile
world, and will enable a new generation of dynamic individual user
experiences.
"As
the mobile eco-system grows increasingly complex, demand for simplified
product designs that allow dynamic mobile experiences to run across
multiple platforms will intensify," said Reese Schroeder, managing director, Motorola Ventures. "Virtualization offers a solution to this complexity. Our
investment in VirtualLogix will help accelerate the delivery of their
technology to next-generation communications devices and infrastructure
equipment."
"As
virtualization moves out from the datacenter and into everyday
front-end connected devices, our connected world will require the
delivery of efficient, secure and customizable user experiences," said
Peter Richards, CEO of VirtualLogix. "To meet this demand, leading
electronics manufacturers are looking to leverage the VirtualLogix
technology to create products with improved security, manageability and
customization."
Motorola
joins VirtualLogix's current investors Atlas Venture, Cisco Systems,
DFJ Esprit, Index Ventures, Intel Capital and Texas Instruments.
About VirtualLogix, Inc.
VirtualLogixTM,
Inc. is the global leader in Real-Time VirtualizationTM technology for
connected devices. VirtualLogix VLX enables multiple operating system
environments to run concurrently on shared hardware and provides a
range of performance, fault tolerance and security options to address
specific market requirements. As a result, the world's largest
semiconductor companies, manufacturers, OEMs and carriers are able to
reduce development and bill of material costs, improve time to market
by leveraging existing software investments, and create conditions that
meet their business goals. With more than 20 years of experience
developing system software for network infrastructure, digital
multimedia and mobile handsets, VirtualLogix is paving the way for the
development of next generation connected devices. VirtualLogix, Inc. is headquartered in Sunnyvale, Calif. with operations worldwide. For more information, visit www.virtuallogix.com or call (408) 636 2800.
About Motorola
Motorola
is known around the world for innovation in communications. The company
develops technologies, products and services that make mobile
experiences possible. Our portfolio includes communications
infrastructure, enterprise mobility solutions, digital set-tops, cable
modems, mobile devices and Bluetooth accessories. Motorola is committed
to delivering next generation communication solutions to people,
businesses and governments. A Fortune 100 company with global presence
and impact, Motorola had sales of US $36.6 billion in 2007. For more
information about our company, our people and our innovations, please
visit www.motorola.com.
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