from the December 2009 issue

Motorola buys Israeli company

Motorola Inc. said that it has signed an agreement to buy an Israeli technology company that specializes in Internet protocol television. Financial terms of the deal were not disclosed. Motorola said it expects the transaction to close before the end of the year.

BitBand is based in Netanya, Israel, and its foothold in Europe is important for Motorola as the Schaumburg-based company expands its infrastructure business in emerging Europe, the Middle East and Africa, John Burke, Motorola's senior vice president and general manager of Broadband Home Solutions, said in a statement.

Broadband Home Solutions is part of Motorola's Home and Networks division, which makes cable TV set-top boxes and equipment for wireless networks.

Reprinted from the Israel High-Tech & Investment Report December 2009

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