Motorola buys home control company 4Home
NEW YORK (Reuters) - Motorola Mobility, a unit of Motorola Inc MOT.N has agreed to buy privately held 4Home, a provider of technology that lets consumers control home gadgets such as thermostats or security cameras remotely from their cellphones, the company said on Wednesday.
Motorola Mobility aims to close the deal, for which it did not disclose the terms, before its January spin off from Motorola Inc.
It aims to use 4Home's technology as part of its plan to expand its offering of wireless technology for the home to be sold via wireless service providers, a Motorola executive told the Reuters Global Media Summit.
"Early next year you'll see announcements out around a major operator that's going to make this a core part of their offering around the home," Motorola Mobility President Daniel Moloney told the summit.
Moloney said 4Home's technology allows remote control in areas such as energy management, home security and media management. California based 4Home has about 35 employees, Motorola said.
LONDON - The euro reached a five-year peak against the yen and a six-week high against the dollar on Tuesday, as focus intensified on the dwindling level of spare cash in the euro zone's banking system and the ECB's apparent lack of concern.
SAN FRANCISCO - At Pinterest, the four-year-old online bulletin board service that is valued near $3.8 billion, some 70 percent of the users are female. But the company's board of directors is 100 percent male. | Video
BEIJING/HONG KONG - China reiterated its opposition on Thursday to a European Union plan to limit airline carbon dioxide emissions and called for talks to resolve the issue a day after its major airlines refused to pay any carbon costs under the new law.