Motorola
announced yesterday that it is acquiring key assets from British mobile handset maker
Sendo.
Motorola is purchasing Sendo’s
Sendo’s core research and development team comprises approximately 200 engineers, with nearly 170 of those based in
In addition to the engineers, Motorola is acquiring Sendo’s entire intellectual property portfolio, including 50 existing and 40 pending patents.
"Motorola has had tremendous success in
During 2004, Sendo sold approximately five million handsets and had more than $420 million in revenue. Yesterday, June 29, the privately held company went into administration.
Under the agreement, Motorola is not acquiring the larger business of Sendo or any of its manufacturing or supply relationships, or any of its capital or real assets, handset inventories, sales offices, liabilities or financial obligations.
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