Motorola Invests in Mobile Complete

Dec 05, 2006, 00:00 ET from Motorola, Inc.

    SCHAUMBURG, Ill., Dec. 5 /PRNewswire-FirstCall/ -- Motorola, Inc.
 (NYSE:   MOT) through Motorola Ventures, its strategic venture capital arm,
 today announced that it has made an equity investment in Mobile Complete.
 Financial terms of the agreement were not disclosed. Motorola Ventures led
 the investment in Mobile Complete as part of a Series B Financing, along
 with participation from a previous investor, Innovacom VC.
     Founded in 2003, Mobile Complete develops, test and deploys mobile
 applications and services. The company launched in
 December 2005 to help content providers address the issue of handset
 proliferation by accessing real mobile devices over the Internet at any
 time, from any location. This rapidly growing service has been deployed
 across 10 carrier networks and five locations, including the US, Canada,
 and the UK.
     "Motorola's intense focus on quality aligns with Mobile Complete's
 focus on improving device manufacturers' ability to rapidly test and deploy
 software," said Warren Holtsberg, corporate vice president, equity
 investments at Motorola. "We believe its Direct-to-Device(TM) technology
 enables the larger mobile devices ecosystem and developer community to more
 quickly and cost-efficiently develop and monitor applications across a
 range of Motorola handsets running on wireless operators' networks
     Mobile Complete's patent-pending Direct-To-Device(TM) technology
 consists of proprietary software that allows the remote control and
 operation of mobile handsets directly from the user's PC. Content providers
 are able to install their applications, download content over-the-air, and
 develop, port, or test the compatibility of their content with these
 handsets. Unlike emulators, the technology allows the content provider to
 remotely operate the actual device, listen to ringers and speakers, and
 capture screens including video streams, providing a true user experience.
     "Motorola Ventures is aligning with proven technology, products, and a
 strong business model, with a roster of 650 plus customers that includes
 major mobile content and application developers, network operators and
 device manufacturers," said Faraz Syed, CEO of Mobile Complete.
     As the second most active globally-focused corporate venture capital
 arm, Motorola Ventures is investing up to $150 million per year in a
 diversified portfolio of technology firms, and intensely focused on helping
 to accelerate Motorola's seamless mobility vision.
     About Mobile Complete
     Mobile Complete offers solutions for managing mobile handset
 proliferation. Its unique Direct-to-Device(TM) technology provides access
 to and interaction with real mobile devices connected to live global
 networks. The Internet brings these remote devices and networks directly to
 users' desktops. Through a simple desktop interface, users can press device
 buttons, view LCD displays and listen to ringers and speakers. For more
 information visit and .
     About Motorola Ventures
     Motorola Ventures (MV) is the global, strategic venture capital
 investment arm of Motorola, Inc. MV actively invests at all stages in
 developing companies of strategic value to Motorola in order to accelerate
 access to new technologies, new markets and new talent. For more
 information: .
     About Motorola
     Motorola is known around the world for innovation and leadership in
 wireless and broadband communications. Inspired by our vision of Seamless
 Mobility, the people of Motorola are committed to helping you get and stay
 connected simply and seamlessly to the people, information, and
 entertainment that you want and need. We do this by designing and
 delivering "must have" products, "must do" experiences and powerful
 networks -- along with a full complement of support services. A Fortune 100
 company with global presence and impact, Motorola had sales of US $35.3
 billion in 2005. For more information about our company, our people and our
 innovations, please visit .

SOURCE Motorola, Inc.