Motorola agreed to acquire TTP Communications plc. for approximately $192 million in cash (0.45 pounds per share).
TTPCom, based in Cambridge, England, is focused on the three core areas of mobile phone technology — applications, protocols, and silicon. The TTPCom business was founded in 1988 and has approximately 575 employees.
TTPCom’s GPRS, EDGE and 3G protocol stack software offers rapid customization of handsets through its AJAR applications framework, and develops both radio and baseband cellular software engines through its Macro products. More than 150 million devices using TTPCom technology have been shipped worldwide.
TTPCom also offers radio and baseband chipset designs.
“TTPCom is a leader in wireless software platforms, protocol stacks and semiconductor solutions and is a highly complementary addition to Motorola’s technology portfolio,” said Ron Garriques, President, Motorola’s Mobile Devices business. “We already have a strong relationship with TTPCom and look forward to continuing momentum TTPCom has built with its customers and partners across the mobile industry. We welcome the employees of TTPCom to Motorola and look forward to a quick and seamless integration upon closing.”http://www.motorola.comhttp://www.ttpcom.com
