Motorola Mobility has signed a definitive agreement to acquire Dreampark, Norrkoping, Sweden-based IPTV software provider. The acquisition is expected to close in H2 2011 and the terms of the transaction were not disclosed.
Dreampark makes software that maximizes operator flexibility and performance by relying on open standards, such as HTML and scalable vector graphics (SVG), which, when combined with software development kits (SDK), allows operators to obtain full control of their television portals for complete customization.
Dreampark will be integrated into Motorola Mobility’s Converged Experiences business and its solution will be a part of Motorola Medios service management software suite.
Commenting on the news, John Burke, senior VP and general manager of Motorola Mobility’s Converged Experiences business, said: “With the acquisition of Dreampark, Motorola Mobility will strengthen its ability to provide systems integrators, service providers, enterprises and content providers with innovative solutions for deploying converged media experiences. It’s great to have the Dreampark team on board.”