SCHAUMBURG, Ill. ? 06 February 2007 ? Motorola, Inc. (NYSE:MOT) through Motorola Ventures, its strategic venture capital arm, today announced that it has made an equity investment in Tango Networks, Inc., a privately held supplier of hardware and software that integrates mobile phones with corporate telephone networks. Motorola Ventures? investment was part of Tango's Series A Financing. Financial terms of the agreement were not disclosed. Tango Networks is developing the Abrazo™, a mobility solution, which enables any mobile phone to become a PBX extension on an enterprise network. Enterprises are able to manage mobile communications through a corporate-wide mobility policy while enabling end users to effectively integrate their desk and mobile phones into one experience.
?The Tango Networks solution can enable enterprise customers to take full advantage of both IP and legacy PBX equipment in their networks, extending its reach to employees? cellular phones,? said Reese Schroeder, managing director, Motorola Ventures. ?Additionally, the robust product offering allows enterprises to manage their growing mobile workforce more effectively.?
?Motorola is a recognized leader in enabling enterprise mobility and understands the opportunity for both enterprises and carriers to evolve and improve the mobile office,? said Doug Bartek, CEO and president of Tango Networks. ?By giving mobile workers access to all the features of their corporate PBX from their mobile phones, employees can be even more productive and responsive to customer needs.?
As the second most active globally-focused corporate venture capital arm, Motorola Ventures invests in a diversified portfolio of technology firms, and is intensely focused on helping to accelerate Motorola's seamless mobility vision.
