Motorola Israel buys BitBand

Whoever buys Motorola's connected home business is now also going to acquire BitBand Networks, just bought by Motorola Israel for $10 million. The company’s solutions enable the provision of IP VOD. BitBand had raised $18 million from investors, and has been on the market since 2006.

BitBand was founded in 2000, and currently has 80 employees at its premises in Netanya, the US, and China. Investors include Sequoia Capital, Challenge Fund – Etgar, Aviv Venture Capital, Apax Partners, Portview Communication Partners, and Ascend Technology Partners. Customers include Cisco Systems, IBM, and Comverse.

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