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Schaumburg, Ill. Aug. 6, 2008 –- Motorola, Inc. through
Motorola Ventures, its strategic venture
capital arm, today announced
that it has made an investment in Amobee Media Systems, a leader in
advertising solutions for mobile operators. Financial terms of the
investment were not disclosed.
The Amobee Media System can
dynamically insert targeted, interactive advertisements into all types
of mobile entertainment and communication channels, including videos,
music, messaging, games and WAP, using a single, telco-grade ad-serving
infrastructure. The System offers mobile operators a new revenue stream
by delivering one unique entry point to agencies and advertisers who
wish to buy, deploy and monitor campaigns across all mobile channels,
while providing the most relevant advertising experience to mobile
customers.
“Mobile advertising is rapidly emerging as a key
enabler for consumer adoption of the mobile internet and media and
Amobee is leading that charge,” said Reese Schroeder, Managing
Director, Motorola Ventures. “We see tremendous growth for new,
compelling applications and services across consumer segments and
product lines, in particular when we can provide flexible business
models and options for our carrier partners and consumers, similar to
those currently experienced on the web. Working with Amobee will allow
Motorola to drive greater adoption of these new services.
“Research
has shown that the ‘user-paid’ model is one of the key barriers to the
growth of mobile data consumption and revenues,” said Zohar Levkovitz,
CEO of Amobee. “As the mobile phone is fast becoming a media channel,
Amobee’s ad-funded model works to bridge the gap between device
manufacturers, operators, and advertisers, creating value for all
stakeholders through increased data consumption and greater revenues.”
About Amobee Media Systems
Amobee is dedicated to mobile
operators, allowing them to dynamically insert advertising impressions
in all forms of mobile communication and content: WAP Browsing, Video
& Music, SMS, MMS, applications and Games. Amobee’s complete ad
serving solution is designed to facilitate the launch of advertising
campaigns for brand building, direct response and lead generation
campaigns helping mobile operators and their subscribers “get more for
less”. The company enjoys strategic investments from key mobile
ecosystem players: Cisco, Motorola, Telefonica and Vodafone, as well as
financial backing from some of the biggest names in venture capital:
Accel Partners, Globespan and Sequoia Capital. The company is headquartered
in Redwood City California.
Information Source: Motorola
Image of Reese Schroeder courtesy of Motorola website
Image of Zohar Levkovitz courtesy of http://www.mobiletoday.co.uk
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