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Venture capital firms sell BitBand Technologies to Motorola

A consortium of investors has sold their stakes in BitBand Technologies, an Israel-based provider of cross platform video content delivery network solutions, to Motorola.

The consortium includes Sequoia Capital Israel, The Challenge Fund – Etgar LP (Challenge Fund I), Aviv Venture Capital, Apax Partners, Portview Communications Partners and Ascend Technology Ventures.

Following the acquisition, BitBand will be integrated into Motorola’s home and networks mobility business.

The acquisition of BitBand will complement Motorola’s existing on demand product line which includes the Adaptive Media Management framework for content management and high-performance streaming servers for centralised and edge-based on demand networks.

With the addition of BitBand’s products, Motorola can offer on demand solutions for customers worldwide, addressing a wide range of deployment scales, access networks, video formats and business models.

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