Thursday, December 21, 2006

Motorola Buys Tut Systems

Motorola and Lake Oswego, Oregon-based Tut Systems said today that Motorola is acquiring Tut in a deal worth approximately $39M in cash. Tut Systems is a provider of digital video encoding, processing, and distribution products. Motorola said that the firm will join Motorola's Connect Home Solutions division. According to Motorola, it intends to maintain Tut Systems' operations in Lake Oswego, San Diego, California, and Pleasanton, California.