Modulus, according to a press release, is a leading MPEG-4 Advanced Video Coding (AVC) company that specializes in putting this video over the Internet and broadcast/television systems.
Both sides seem pleased.
“As consumers demand more high definition video and interactive services, the need for advanced compression technology is increasingly important,” said Dan Moloney, President, Home and Networks Mobility business, Motorola, Inc, Modulus Video has a powerful architecture and product development framework that is well suited for continued technological advancement.”
“Through this acquisition, Modulus Video will become part of a world-class organization in a highly strategic market segment. Our team will benefit from Motorola’s rich heritage and leadership of video delivery expertise,” said Bob Wilson, Chairman and CEO of Modulus Video. “Modulus Video will bring to Motorola a software-centric platform that ensures flexibility, reduced cost and fast development time.”
Modulus will become a wholly-owned subsidiary, and Motorola has said it will allow them to continue their Sunnyvale, Calif., operations, which will save jobs in the area.