Motorola to invest in Trapeze Networks

Motorola Ventures, the strategic equity investment arm of Motorola Inc., has made a strategic investment in wireless LAN mobility system company Trapeze Networks.

Financial terms of the agreement were not disclosed.

Founded in 2002, Trapeze Networks, offers a WLAN mobility solution that allows users to roam securely anywhere in a network and over any topology. Trapeze also leads the Open Access Point Initiative (OAPI), which allows customers to add value to their installed base of third-party access points.

"Trapeze's product offering complements Motorola's existing wide-area cellular and Mesh-enabled technology solutions and enlarges our ecosystem around this key developing market space," said Warren Holtsberg, corporate vice president, equity investments and director of Motorola Ventures, in a statement.

Holtsberg added the new capital will help fund further development of Trapeze's Mobility System Software by adding features that extend enterprise mobility, improve video and multimedia capability and provide location services.

- EE Times