Motorola to Acquire Leapstone Systems
Motorola says that it is paying an undisclosed sum to acquire privately held Leapstone Systems. Leapstone is a communications software developer that provides a unified platform for creating, managing and delivering converged video, voice and data service bundles across multiple networks and devices.
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 Service Broker and Content Manager software products. Leapstone 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 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."
Posted to the site on 10th July 2007
