SCHAUMBURG, Ill., March 12 /PRNewswire-FirstCall/ -- Motorola, Inc.
(NYSE: MOT) through Motorola Ventures, its strategic venture capital arm,
announced today it has made a strategic investment in INVIDI Technologies
Corporation, a leader in advanced addressable advertising for the television
industry. Financial terms of the investment were not disclosed.
INVIDI's proprietary technology delivers addressable commercial messages
tailored to the television viewer. The technology has the ability to
accurately identify viewers' age, gender, location and other characteristics
for greater personalization while always maintaining absolute privacy and
confidentiality.
"Addressable television advertising is a growing field that will change
the future media landscape," said William Reinisch, vice president, New
Initiatives, Motorola Strategy group. "INVIDI's core competencies in inferring
end user behavior and delivering targeted advertisements are important to the
evolution of addressable television advertising and advertising supported
business models."
"INVIDI is a pioneer in addressable television advertising space and we
welcome their addition to the Motorola Ventures portfolio," said Reese
Schroeder, managing director, Motorola Ventures.
"INVIDI is pleased to be working with Motorola, a recognized worldwide
leader in television systems for the cable, satellite and IP video industry,"
said Dave Downey, CEO, INVIDI Technologies Corporation. "This investment will
allow our company to continue building our momentum in the marketplace and
speed our technology into the field."
About INVIDI Technologies Corporation
Founded in 2000, INVIDI Technologies Corporation is the world's leading
targeted media solutions company. Our vision and expertise in building smart
advertising systems creates substantial monetary value for the cable,
satellite and advertising industries. Today, INVIDI provides cable and
satellite operators the opportunity to optimize advertising revenue by
positioning themselves as the most comprehensive source of targeted
advertising. Tomorrow our innovations in content delivery solutions and
intellectual property development in targeted demographic media will be the
foundation for our platform expansion and migration to Wireless, the Internet
and beyond. Digital technology has revolutionized media and INVIDI is making
targeted advertising more effective and more relevant than ever. For more
information about our company please visit http://www.invidi.com
About Motorola
Motorola is known around the world for innovation in communications. The
company develops technologies, products and services that make mobile
experiences possible. Our portfolio includes communications infrastructure,
enterprise mobility solutions, digital set-tops, cable modems, mobile devices
and Bluetooth accessories. Motorola is committed to delivering next generation
communication solutions to people, businesses and governments. A Fortune 100
company with global presence and impact, Motorola had sales of US $36.6
billion in 2007. For more information about our company, our people and our
innovations, please visit http://www.motorola.com.
SOURCE Motorola, Inc.