Motorola Ventures Invests in Trapeze Networks to Expand Seamless Mobility Offerings
Motorola Ventures Invests in Trapeze Networks to Expand Seamless Mobility OfferingsSCHAUMBURG, Ill.
Aug. 2, 2005--Motorola, Inc. (NYSE:MOT - News) and Trapeze Networks, the wireless LAN (WLAN) mobility system company based in Pleasanton, CA., announced today that Motorola Ventures, the strategic equity investment arm of Motorola, Inc., made an investment in the company. Financial terms of the agreement were not disclosed.
Trapeze Networks, founded in 2002, designs and delivers a WLAN mobility solution that allows users to roam securely anywhere in a network and over any topology, including corporate headquarters, branch offices, campuses or multi-tenant/multi-use facilities. The company's system makes an existing enterprise network, with all of its structure and services, available wirelessly, driving the integration of wired and wireless networks. Trapeze also leads the Open Access Point Initiative (OAPI), which allows customers to get more value out of their installed base of third-party access points. This is supported by Trapeze's advanced WLAN configuration and management technology.
"Trapeze's product offering complements Motorola's existing wide-area cellular and Mesh-enabled technology solutions and enlarges our ecosystem around this key developing market space," said Warren Holtsberg, corporate vice president, equity investments and director of Motorola Ventures. "Their strong technology development and experienced management team, as well as the complementary nature of their indoor wireless LAN solution, will help Motorola deliver a broader seamless mobility experience to meet the diverse needs of its customers."
Holtsberg added the new capital will help fund further development of Trapeze's Mobility System Software(TM) by adding features that extend enterprise mobility, improve video and multimedia capability and provide location services, ultimately enhancing the customer experience.
"We are extremely pleased Motorola decided to invest in our company," said Jim Vogt, president and chief executive officer of Trapeze Networks. "Motorola's decision validates our goal to allow mobile devices to maximize access to voice and data services -- at their office, in their car, or traveling on a business trip -- all with a single device and without interruption as they transition from one network to another. Motorola's investment will enable Trapeze the opportunity to move voice over wireless from the early adopter phase to a mainstream enterprise solution and to make mobile, multimedia and voice data services ubiquitous."
About Motorola
Motorola is a Fortune 100 global communications leader that provides seamless mobility products and solutions across broadband, embedded systems and wireless networks. In your home, auto, workplace and all spaces in between, seamless mobility means you can reach the people, things and information you need, anywhere, anytime. Seamless mobility harnesses the power of technology convergence and enables smarter, faster, cost-effective and flexible communication. Motorola had sales of US $31.3 billion in 2004. For more information: www.motorola.com.
About Trapeze Networks
Trapeze Networks delivers the power of business applications and services to the mobile enterprise workforce. The company's wireless LAN Mobility System enhances productivity, introduces new efficiencies and accelerates business response time by delivering secure mobility for roaming users and sophisticated services for both users and IT, all while offering the lowest total cost of ownership of any WLAN infrastructure provider. Trapeze announced a partnership with 3Com Corp. (NASDAQ:COMS - News) in August 2004, a partnership with both D-Link and Nortel (NYSE:NT - News; TSX:NT - News) in March 2005, and a partnership with Enterasys Networks in May 2005. Trapeze has also been the recipient of nine industry awards, including InfoWorld's Technology of the Year award for the best WLAN solution in recognition of its product and technology strength. Founded in March 2002, Trapeze has raised $67.5 million in venture funding to date and is headquartered in Pleasanton, Calif., U.S.A. For more information, please visit www.trapezenetworks.com.
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Source: Trapeze Networks
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