Updated from 9:20 a.m. EST

IBM

(IBM) - Get Report

and

Motorola

(MOT)

said Monday they are teaming up to unplug their customers and roll out wireless technology for businesses.

Cell phone maker Motorola and information technology goliath IBM said in a statement that they will combine their technologies to offer carriers data services and applications through wireless carriers.

"We're joining forces with IBM to create industry standards," said Janiece Webb, general manager of Motorola's personal networks group. "Now IBM is aggressively going after the carriers. We think that together we can do a whole lot more a whole lot faster."

Shares of Armonk, N.Y.-based IBM gained 2 1/2, or 2%, to close at 107 3/4 Monday, while shares of Schaumburg, Ill.-based Motorola fell 8 1/8, or 5%, to 166 3/8.

This technology will enable wireless carriers to offer higher-priced services like access to email, stock quote news and corporate resources through wireless devices.

It will also allow doctors to sign for prescriptions and banks to move money around the world securely through wireless transactions, according to Webb. She expects the technology to be market ready in the second half of the year. They are looking to partner with

Mastercard

,

Vodafone Airtouch

(VOD) - Get Report

and

British Telecom

(BTY)

, according to Webb.

"Our programmers are writing applications that can pull databases from behind the firewall. Then their people can access complete corporate databases through wireless."

The benefit is being able to take pockets of applications available out there today and bring them together, according to John Steadman, Motorola's vice president of business development and strategic alliances.

"They would have the capability of doing whatever job they have to do more effectively," he said.

He mentioned that a number of customers are currently using it on a trail basis.