Motorola buys privately held software maker
BANGALORE (Reuters) - Smartphone maker Motorola Inc acquired Munich-based Aloqa GmbH, which makes software that allows users to find relevant web content using the users' location and social context.
This acquisition will add to Motorola's Motoblur platform, which allows users to access social networking sites, along with emails, news and favorite applications, the company said in a statement.
Terms of the transaction were not disclosed.
Privately held Aloqa has joined Motorola's Mobility division, which comprises the company's set-top box and cellphone businesses and is expected to be spun off from Motorola in the first quarter of 2011.
Shares of Schaumburg, Illinois-based Motorola, which have risen as much as 12 percent since it reported results late July, closed at $8.36 Wednesday on the New York Stock Exchange.
(Reporting by Sayantani Ghosh in Bangalore; Editing by Maju Samuel)