December 22, 2010, 12:19 PM — Motorola Mobility Inc. on Wednesday announced it has acquired on-demand streaming and cloud-sync start-up Zecter for an undisclosed sum.
Zecter, founded in 2007, specializes in synchronization and streaming software for digital media. The Silicon Valley-based company has two products: ZumoDrive, which allows users to synchronize, access and share cloud-based content; and ZumoCast, which enables personal media streaming to any device.
Motorola's acquisition adds to the handset maker's growing inventory of smartphone software. In announcing the deal, Motorola Mobility said Zecter's technology will enable Motoblur users to access digital content on multiple mobile devices.
"Consumers want seamless access to their content and media from wherever they are, while content providers want to ensure that content remains protected and secure," Christy Wyatt, corporate vice president of software and services, Motorola Mobility, said in a statement. "We believe that Zecter enables that seamless experience with the necessary security measures."
Motorola Mobility is a wholly-owned subsidiary of Illinois-based Motorola (NYSE: MOT), which on Jan. 4 will split into two separate companies. Motorola Mobility Holdings, the handset division, will trade on the New York Stock Exchange under the ticker symbol MMI. The rest of the company (the business mobile and network divisions) will become Motorola Solutions and will trade on the NYSE as MSI.
Shares of MOT were up 10 cents, or 1.1 percent, to 9.10 in Wednesday's early-afternoon trading.
Chris Nerney writes about the business side of technology market strategies and trends, legal issues, leadership changes, mergers, venture capital, IPOs and technology stocks. Follow him on Twitter @ChrisNerney.