Motorola, Inc. (NYSE: MOT) has signed a definitive merger agreement to acquire privately held Leapstone Systems, Inc. Leapstone is a leading communications software developer that provides a unified platform for rapidly creating, managing and delivering converged video, voice and data service bundles across multiple networks and devices. Terms of the transaction were not disclosed.
Leapstone flagship Communications Convergence Engine (CCE) product suite is a real-time service delivery platform that enables fixed and mobile network operators to expand and evolve their service offerings through its powerful Service Broker and Content Manager software products. Leapstone has a proven commercial track record of success and counts some of the world’s leading service providers as its customers, including AT&T and Verizon Wireless.
“Leapstone will contribute its leading intelligent service delivery and content management platform to Motorola, which will serve as our new engine for enabling seamless mobility experiences across applications, devices and domains,” said Dan Moloney, President, Motorola Home & Networks Mobility. “We’re pleased to add the talented Leapstone team and their proven powerful software platform to Motorola’s end-to-end content delivery portfolio” added Moloney.
“The combination of Leapstone’s CCE with Motorola’s world-class infrastructure equipment and consumer devices will offer service providers an integrated approach to deliver a unique combination of compelling end-user services to their customers,” said Rick Orriss, Chief Executive Officer of Leapstone Systems. “Our team is excited to join an industry leader like Motorola and contribute to the Motorola’s commitment to delivering innovative solutions for home and mobile networks.”
The transaction is subject to customary closing conditions, including the approval of Leapstone Systems stockholders, and is currently expected to be completed in the third quarter of 2007. -Motorola
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