Motorola Mobility buys mobile software firm 3LM
Motorola Mobility has made its first acquisition since being spun off as a separate company, buying mobile software maker Three Laws Mobility in a bid to expand corporate use of Android phones.
Financial terms of the transaction were not disclosed.
Three Laws Mobility, known as 3LM, develops mobile enterprise security software and solutions and mobile device management products for Google's Android operating system.
Motorola Mobility, which split off from parent company Motorola on January 4 to become a separately traded entity, has been betting on Android handsets to power its bid to return to the ranks of leading mobile phone makers.
Motorola said in a statement that 3LM's technology is designed to enable the adoption of Android devices by businesses and governmental entities.
It said it expects to begin selling device management services using 3LM software in the second half of 2011.
"With 3LM, we are excited to be able to work across the Android ecosystem to accelerate the adoption of Android devices by corporate users and their IT departments," said Christy Wyatt, a Motorola Mobility corporate vice president.
Canada's Research In Motion, maker of the Blackberry, leads the enterprise smartphone market in the United States.
Motorola Mobility shares were down 3.76 percent at $29.97 in mid-day trading on Wall Street.
(c) 2011 AFP