Thursday, March 29, 2007

Motorola Completes Tut Systems Acquisition for $39 Million

Motorola completed its acquisition of Tut Systems for approximately $39 million on a fully diluted basis.

Tut Systems provides carrier-class end-to-end digital video encoding, processing and distribution products. Their solutions support MPEG-2 and MPEG- 4 AVC video compression, local ad insertion, forward error correction, and real-time conditioning of video and audio. Tut Systems' customer list includes more than 160 service providers worldwide.

Tut Systems' "Astria" content processor (CP) is an IPTV headend solution supporting various access networks, including ADSL, VDSL, fiber to the home (FTTH) and hybrid-fiber coax (HFC), all within a single chassis. Protocol support includes ATM, pure-IP, IP over ATM and native MTS. Astria CPs support physical interface requirements including Gig-E, OC-3, DVB-ASI.

The deal was first announced on 21-Dec-2006.