Motorola acquires Tut Systems
Filed in archive IPTV by martino on December 27, 2006

Back in January, Motorola bought Kreatel Communications, an IP set-top box and middleware vendor. Last month Motorola bought Netopia, a maker of DSL equipment. Now Motorola acquired Tut Systems in a deal worth $39 million.
Tut, founded in 1989, is in the IPTV market, and it now counts more than 160 IPTV-service providers worldwide as customers. Tut's encoding equipment supports MPEG-2 and MPEG- 4 AVC video compression, as well as other features such as ad insertion and conditioning of video and audio.
Motorola's offer for Tut of $1.15 per share is almost a 20% premium. The companies expect the acquisition to close in the first quarter of 2007. Motorola will maintain Tut's operations in Lake Oswego, oregon
; and San Diego and Pleasanton, California.Permalink: Motorola acquires Tut Systems
Tags:
middleware 2007 digital motorola motorola+acquires acquires+systems 2007+2007
Trackback: http://www.creative-weblogging.com/cgi-bin/mt-tb.pl/47119






