Motorola, Inc. today announced the company has made a minority investment in Asylum Telecom LLC, a provider of "tu...
April 22, 2005
Motorola, Inc. today announced the company has made a minority investment in Asylum Telecom LLC, a provider of “turnkey” Internet-based communication products.
Asylum has developed and launched Internet communications technology that currently serves customers in more than 25 countries.
The company’s product portfolio includes anytime-anywhere access, voice VPN services, converged GSM/IP mobile and instant messaging.
Asylum will focus Motorola Venture’s investment towards R&D to continue building solutions that will increase communications convenience while driving down end-user cost.
“Our decision to invest in Asylum was driven by their innovative approach to VoIP and their ability to deliver a seamless user experience,” said John O’Donohue, managing director of Motorola Ventures, Europe, Middle East and Africa.
“This investment will enable the company to explore opportunities that leverage the exploding Internet telephony and video markets and accelerate our overall seamless mobility vision.”
Terms of the investment were not disclosed.