SCHAUMBURG, Ill. and CUPERTINO, Calif. – Motorola, Inc., (NYSE:MOT) through its strategic investment arm, Motorola Ventures, announced that it has participated in financing for Zenverge, Inc., a leading developer of advanced media integrated circuits (ICs). Other existing investors, DCM and Norwest Venture Partners, also provided funds. The financing will support production of a family of single-chip media ICs based on the Zenverge Entertainment Nexus (ZEN), a groundbreaking new architecture for digital HD convergence.
Zenverge’s media ICs support transcoding, decoding and encoding of multiple formats at up to four times HD performance or for up to four simultaneous HD streams, far exceeding the capabilities of other media ICs today. Now shipping to qualified customers worldwide, Zenverge ICs are being incorporated into HDTVs, Blu-ray/DVD players and recorders, set-tops, media gateways, portable device adapters, PCs and professional/network video equipment.
“At Motorola, we aim to accelerate the delivery of personal media experiences so people can access, share and enjoy multi-media anywhere, both at home and on the go,” said Reese Schroeder, managing director, Motorola Ventures. “Zenverge is implementing the critical technology that will provide consumer access to HD media content at each point in the converged digital video chain.”
“With this funding, Zenverge has launched the industry’s most powerful media ICs, enabling operators and manufacturers to monetize many new applications and services at reduced system cost,” said Amir Mobini, chief executive officer and co-founder of Zenverge. “We’re excited about working with our partners to enable a true ‘anywhere, anytime, any device’ experience for consumers.”
About Motorola Ventures
Motorola Ventures is the global, strategic equity investment arm of Motorola. Its diversified portfolio focuses on “new-idea” companies and opportunities that complement Motorola’s business strategy. Motorola 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
Motorola is known around the world for innovation in communications and focused on advancing the way the world connects. From broadband communications infrastructure, enterprise mobility and public safety solutions to high-definition video and mobile devices, Motorola is leading the next wave of innovations that enable people, enterprises and governments to be more connected and more mobile. Motorola (NYSE: MOT) had sales of US $22 billion in 2009. For more information, please visit www.motorola.com.
About Zenverge
Founded in 2005, Zenverge is a fabless semiconductor company devoted to accelerating consumer access to next-generation digital content and services. The company is a leading developer of advanced media ICs built around the patented ZEN architecture, a core technology for next-generation digital media devices. The company is based in Cupertino, Calif. For more information, please visit the company website: www.zenverge.com.
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