PALO ALTO, Calif., Jan. 22 /PRNewswire/ -- Innovation Advisors today announced the sale of SecureMedia, a Cavalier Telephone company, to Motorola (NYSE: MOT). Transaction terms are not disclosed.
SecureMedia is a developer of software-based digital rights management (DRM) and security systems for IP video distribution and management, securing the delivery of digital entertainment over multiple platforms and devices, including set-top boxes, wireless handsets, PCs and portable entertainment devices. Its Encryptonite ONE™ system supplies proven end-to-end security for content in managed IP, mobile over-the top (OTT) and hybrid environments and is approved by all major film studios and TV broadcasters. SecureMedia is now part of Motorola's Home & Networks Mobility business unit.
"As demand explodes around the globe for video on a variety of media, the need to protect the rights of content owners and distributors becomes increasingly important and challenging. SecureMedia provides a solution to protect digital content over any platform, device or media," said Greg Kouvelas, managing director of Innovation Advisor's Silicon Valley practice. "This strategic deal typifies Innovation Advisors' focus on assisting technology companies in finding the right partner in sectors undergoing communications and computing convergence, such as in digital media and cloud computing."
Innovation Advisors previously represented SecureMedia in its sale to Cavalier Telephone in 2007.
About Innovation Advisors
Innovation Advisors is a leading advisory firm focused exclusively on serving the needs of technology companies. Founded in 2001, Innovation Advisors provides M&A and private capital-raising advisory services, fairness opinions for private and public transactions, restructurings and other advisory services. Its advisors have collectively executed over $5 billion in M&A transactions and raised over $6 billion in equity for growth-oriented technology companies. Headed by a team of senior advisors with extensive operating knowledge and broad Wall Street expertise averaging more than 20 years, the firm has four locations across the United States including New York, Boston, Chicago and Silicon Valley, servicing clients in the US and Europe. Innovation Advisors is a member of FINRA and the SIPC. For more information, call +1(212) 268-1501 or visit www.innovationadvisors.com.
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SOURCE Innovation Advisors