Motorola (MOT) said its Motorola Ventures arm made an undisclosed investment in global positioning systems technology outfit Global Locate.
Founded in 1999, Global Locate provides industry-leading A-GPS technology to the mobile wireless industry. The host-based semiconductor solutions bring IndoorGPS technology to handsets, smartphones, two-way radios and automotive applications.
"Global Locate is a compelling addition to our portfolio of cutting-edge technology investments," said Motorola's Warren Holtsberg. "Global Locate's technology is highly complementary with Motorola's vision of seamless mobility and we are pleased to support the company with this strategic investment."
"We are extremely pleased that Motorola has invested in our company," said Global Locate's Scott Pomerantz. "Our products and services have been adopted around the world by semiconductor manufacturers, mobile device manufacturers and wireless infrastructure providers. We believe this investment by Motorola is further evidence that our patented, host-based architecture provides significant benefits for our customers and partners."
On Friday, Motorola rose 12 cents to $23.98.