SCHAUMBURG, Ill. – 06 February 2007 – Motorola,
Inc. (NYSE:MOT) through Motorola Ventures, its strategic venture capital arm,
today announced that it has made an equity investment in Tango Networks, Inc.,
a privately held supplier of hardware and software that integrates mobile
phones with corporate telephone networks. Motorola Ventures’ investment was
part of Tango’s Series A Financing. Financial terms of the agreement were not
disclosed. Tango Networks is developing the Abrazo™, a mobility solution, which
enables any mobile phone to become a PBX extension on an enterprise network.
Enterprises are able to manage mobile communications through a corporate-wide
mobility policy while enabling end users to effectively integrate their desk
and mobile phones into one experience.
“The Tango Networks solution can enable enterprise customers to take full
advantage of both IP and legacy PBX equipment in their networks, extending its
reach to employees’ cellular phones,” said Reese Schroeder, managing director,
Motorola Ventures. “Additionally, the robust product offering allows
enterprises to manage their growing mobile workforce more effectively.”
“Motorola is a recognized leader in enabling enterprise mobility and
understands the opportunity for both enterprises and carriers to evolve and
improve the mobile office,” said Doug Bartek, CEO and president of Tango
Networks. “By giving mobile workers access to all the features of their
corporate PBX from their mobile phones, employees can be even more productive
and responsive to customer needs.”
As the second most active globally-focused corporate venture capital arm,
Motorola Ventures invests in a diversified portfolio of technology firms, and
is intensely focused on helping to accelerate Motorola's seamless mobility
vision.
About Tango Networks
Founded in 2005, Tango Networks ‘cellularizes’ the enterprise voice and data
network, enabling corporations to manage mobility while improving the way
employees communicate. With the Tango Abrazo™ communications server,
enterprises benefit from cost savings and control over mobile service while
enabling employees to be more responsive to business needs by providing
advanced desk phone capabilities on any mobile device. Two phones. One solution.
That’s Tango. For more information, dance over to www.tango-networks.com.
Source: Motorola press release
