Motorola Mobility has signed a definitive agreement to acquire Dreampark, a leading IPTV software provider based in Norrköping, Sweden. The acquisition is expected to close in the second quarter of 2011. Terms of the transaction were not disclosed.
Dreampark’s software portfolio takes advantage of the powers of open standards, such as HTML and scalable vector graphics (SVG), which when combined with comprehensive software development kits (SDK), allows operators to obtain full control of their television portals for complete customization. The Dreampark portfolio is expected to be integrated into the Motorola Medios service management software suite.
“This transaction enables us to continue to enhance our Medios software portfolio and capitalize upon the convergence of wireless technology, media, mobile computing and the Internet,” said John Burke, SVP and general manager of Motorola Mobility’s Converged Experiences business, in a statement.