SCHAUMBURG, Ill., April 21 /PRNewswire-FirstCall/ -- 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.
SCHAUMBURG, Ill., April 21 /PRNewswire-FirstCall/ — 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.
VirtualLogix(TM), Inc. is the global leader in Real-Time Virtualization(TM) 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 http://www.virtuallogix.com or call (408) 636 2800.
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 http://www.motorola.com.
SOURCE Motorola, Inc.