Motorola Mobility Plans Acquisition of Internet TV Company Dreampark

This week, Motorola Mobility announced that the company has signed a definitive agreement to acquire Dreampark, a IPTV software provider based out of Sweden. Terms of the deal were not disclosed regarding the proposal, which is expected to close during the second quarter of this year.

Why Dreampark? Motorola Mobility is clearly interested in the company’s leading software product dubbed Dreamgallery, a middleware solution that enables operators to deliver services via television networks. When the deal closes, Motorola will begin the process of integrating Dreamgallery into the Motorola Medios software suite.

In short, the acquisition of Dreampark and its impressive slate of products will complement Motorola Mobility’s mobile device and home experience while “broadening its reach across multiple screens.”

“This transaction enables us to continue to enhance our Medios software portfolio and capitalize upon the convergence of wireless technology, media, mobile computing and the Internet,” says John Burke, senior vice president and general manager of Motorola Mobility’s Converged Experiences business.

“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,” Burke added.

“We are pleased to join Motorola Mobility and bring a broader software portfolio to our existing customer base,” said Per Skyttvall, CEO of Dreampark. “It’s a fast-evolving time in the industry as consumers are looking to view content on their own terms, and we are excited to be extending our software innovation across multiple devices as a result of this agreement with Motorola Mobility.”