Motorola Mobility Invests in Ooyala
Video solutions provider driving personalized multi-screen video experiences to market
LIBERTYVILLE, Ill. and MOUNTAIN VIEW, Calif., Sept. 13, 2011 /PRNewswire/ -- Motorola Mobility Inc. (NYSE: MMI) continues to work toward bringing new video experiences to market, and through its strategic investment arm Motorola Mobility Ventures, has made an investment in Ooyala, Inc. Ooyala is a leading provider of online video management, analytics, personalization and monetization technology and services.
Founded in 2007, Ooyala's solutions include the recently announced Ooyala Everywhere™, a suite of integrated technologies and services that deliver professional video across mobile devices, connected TVs and browsers. Ooyala Everywhere enables publishers to deliver rich, personalized viewer experiences that can be fully monetized through ads, subscriptions, and pay-per-view.
"Motorola Mobility continues to drive toward delivering converged, multi-screen experiences," said Wallace Pai, vice president of corporate development and ventures, Motorola Mobility. "We share a common vision with Ooyala, and look forward to building on the synergies between our two companies."
"The rapid acceleration of companies embracing online video as a way to connect with customers continues to fuel the exponential growth of our company," said Jay Fulcher, president and CEO of Ooyala. "The strategic alignment between Motorola Mobility and Ooyala will help us provide video content and service providers with comprehensive services and technology solutions for delivering and monetizing highly relevant video experiences to consumers across all connected devices."
Ooyala has more than 1,000 customers that are delivering over one billion streams to over 100 million consumers per month, and has been recognized as one of the leaders in Online Video technology.
About Motorola Mobility Ventures
Motorola Mobility Ventures is the global, strategic equity investment arm of Motorola Mobility. Its diversified portfolio focuses on "new-idea" companies and opportunities that complement Motorola Mobility's business strategy. Motorola Mobility Ventures invests at all stages in developing companies to accelerate access to new technologies, new markets and new talents. For more information, please visit www.motorola.com/ventures.
About Motorola Mobility
Motorola Mobility, Inc. (NYSE: MMI) fuses innovative technology with human insights to create experiences that simplify, connect and enrich people's lives. Our portfolio includes converged mobile devices such as smartphones and tablets; wireless accessories; end-to-end video and data delivery; and management solutions, including set-tops and data-access devices. For more information, visit motorola.com/mobility.
About Ooyala, Inc.
Ooyala is the leader in online video management, publishing, analytics and monetization. Our integrated suite of technologies and services give content owners the power to expand audiences and the deep insights that drive increased viewer engagement and revenue from video. Ooyala serves hundreds of global media companies and marketers including Bloomberg, Dell, ESPN, Fremantle Media, Sephora, Telegraph Media Group, Vans, Whole Foods and Yahoo! Japan.
Kira Lee Golin
Motorola Mobility, Inc.
Horn Group for Ooyala
MOTOROLA and the Stylized M Logo are trademarks or registered trademarks of Motorola Trademark Holdings, LLC. All other trademarks are the property of their respective owners. © 2011 Motorola Mobility, Inc. All rights reserved.
SOURCE Motorola Mobility Holdings, Inc.
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