Moto Invests in CopperGate

CopperGate announced that Motorola Ventures made an investment in the company

January 5, 2006

1 Min Read

TEL AVIV, and LAS VEGAS -- Today at the CES (Consumer Electronics Show), CopperGate Communications, a leading supplier of chipset solutions for multimedia home networking, announced that Motorola Ventures, the equity investment arm of Motorola (NYSE: MOT) made an investment in the company. The investment was made as part of a $14.5M round led by new investor Carmel Ventures, with the participation of existing investors Tamir Fishman Ventures and the Challenge Fund.

"CopperGate's technology brings a compelling new approach to the distribution of IP video content seamlessly throughout the home by leveraging existing wires," said Matthew Growney, managing director of Motorola Ventures. "CopperGate's offering complements Motorola's strategy to offer multiple home media networking solutions to its customers."

"Motorola's investment in CopperGate validates our technology," said Shai Saul, Chairman of CopperGate's Board of Directors and Managing General Partner of Tamir Fishman Ventures. "Motorola and CopperGate share a common vision and focus - provide the best solution to IPTV customers in one of the most exciting market opportunities in the communications landscape: the Connected Home."

CopperGate's CEO, Gabi Hilevitz added, "We are very pleased to have Motorola Ventures as a strategic investor in the company. We intend to leverage the additional funds and the strategic relationship with Motorola to expand the international recognition for our home networking technology and further establish our solutions as the preferred choice for in-home multimedia content distribution by service providers and consumers."

Motorola Ventures

CopperGate Communications Inc.

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