netomat Announces Motorola Ventures Investment
NEW YORK, N.Y.- February 27, 2006 - netomat, Inc., pioneers in Mobile-PC convergence, announced today that Motorola, Inc. (NYSE:MOT) through Motorola Ventures, its strategic venture capital arm, made an investment in the company. Financial terms of this agreement were not disclosed.
netomat's IP-based platform was built from the ground up to converge mobile, PC and content services. The company recently launched netomat hub, the first group picture, text and RSS sharing service for mobile phones and PCs. The service seamlessly integrates multiple essential services for real-time group communication, including picture and text messaging with presence, RSS syndication, trusted social networking, digital photo storage and update alerts.
"Motorola and netomat share a common vision of seamless mobility," said Matthew Growney, managing director of Motorola Ventures. "Consumers want to be connected to the people and content that matters to them regardless of the device or network they happen to be using."
"We are extremely pleased Motorola decided to invest in our company," said Alan Gershenfeld, CEO of netomat. "We share their vision for IP-based convergence and are excited by the range and power of their devices, which are optimized for convergent services. Motorola's investment will further enable us to develop our platform, which enables friends, family and colleagues to stay connected instantly to whatever is important to them."
Pricing and Availability
netomat hub is available for free at www.netomat.net. For mobile users, operator data charges apply.
About netomat
netomat breaks down communication barriers to create an alternative vision of social interaction that is not limited by location or technology. On mobile phones and the web, netomat hub is a free service to easily create, get and share content with anyone, anywhere, anytime. For more information about New York-based netomat, visit www.netomat.net.
About Motorola Ventures
Motorola Ventures (MV) is the global, strategic venture capital investment arm of Motorola, Inc. MV invests at all stages in developing companies of strategic value to Motorola in order to accelerate access to new technologies, new markets and new talent. For more information, visit http://www.motorola.com/ventures.
About Motorola
Motorola is known around the world for innovation and leadership in wireless and broadband communications. Inspired by our vision of Seamless Mobility, the people of Motorola are committed to helping you get and stay connected simply and seamlessly to the people, information, and entertainment that you want and need. We do this by designing and delivering "must have" products, "must do" experiences and powerful networks -- along with a full complement of support services. A Fortune 100 company with global presence and impact, Motorola had sales of US $36.8 billion in 2005. For more information about our company, our people and our innovations, please visit www.motorola.com.
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netomat and netomat hub are registered trademarks of netomat, Inc. All other registered or unregistered trademarks are the sole property of their respective owners.
Media Contact:
Gary Byrd
Fortythreepr
Tel: 831.621.3773
Email: netomat@fortythreepr.com
NEW YORK, N.Y.- February 27, 2006 - netomat, Inc., pioneers in Mobile-PC convergence, announced today that Motorola, Inc. (NYSE:MOT) through Motorola Ventures, its strategic venture capital arm, made an investment in the company. Financial terms of this agreement were not disclosed.
netomat's IP-based platform was built from the ground up to converge mobile, PC and content services. The company recently launched netomat hub, the first group picture, text and RSS sharing service for mobile phones and PCs. The service seamlessly integrates multiple essential services for real-time group communication, including picture and text messaging with presence, RSS syndication, trusted social networking, digital photo storage and update alerts.
"Motorola and netomat share a common vision of seamless mobility," said Matthew Growney, managing director of Motorola Ventures. "Consumers want to be connected to the people and content that matters to them regardless of the device or network they happen to be using."
"We are extremely pleased Motorola decided to invest in our company," said Alan Gershenfeld, CEO of netomat. "We share their vision for IP-based convergence and are excited by the range and power of their devices, which are optimized for convergent services. Motorola's investment will further enable us to develop our platform, which enables friends, family and colleagues to stay connected instantly to whatever is important to them."
Pricing and Availability
netomat hub is available for free at www.netomat.net. For mobile users, operator data charges apply.
About netomat
netomat breaks down communication barriers to create an alternative vision of social interaction that is not limited by location or technology. On mobile phones and the web, netomat hub is a free service to easily create, get and share content with anyone, anywhere, anytime. For more information about New York-based netomat, visit www.netomat.net.
About Motorola Ventures
Motorola Ventures (MV) is the global, strategic venture capital investment arm of Motorola, Inc. MV invests at all stages in developing companies of strategic value to Motorola in order to accelerate access to new technologies, new markets and new talent. For more information, visit http://www.motorola.com/ventures.
About Motorola
Motorola is known around the world for innovation and leadership in wireless and broadband communications. Inspired by our vision of Seamless Mobility, the people of Motorola are committed to helping you get and stay connected simply and seamlessly to the people, information, and entertainment that you want and need. We do this by designing and delivering "must have" products, "must do" experiences and powerful networks -- along with a full complement of support services. A Fortune 100 company with global presence and impact, Motorola had sales of US $36.8 billion in 2005. For more information about our company, our people and our innovations, please visit www.motorola.com.
netomat and netomat hub are registered trademarks of netomat, Inc. All other registered or unregistered trademarks are the sole property of their respective owners.
Media Contact:
Gary Byrd
Fortythreepr
Tel: 831.621.3773
Email: netomat@fortythreepr.com
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