Business Services Industry
Motorola Invests in Electronic Message Management; Unique Platform Will Simplify Electronic Communications and Messaging
Business Wire, March 27, 2000
Business Editors, Telecommunications Writers
SCHAUMBURG, Ill.--(BUSINESS WIRE)--March 27, 2000
Motorola, Inc. (NYSE: MOT) announced today that it has made a strategic minority equity investment in Centerpost Corporation, a privately held Chicago-based company that is creating a unique communications platform to improve the way in which electronic messages are received, organized and routed.
The Centerpost technology enables electronic messages to be handled in a way that intelligently integrates existing email boxes, cell phones, pagers, fax machines and telephones. Centerpost's platform reduces complexity, lowers costs and dramatically increases corporations' capabilities to intelligently interact with their customers. Details about the company and technology are being closely held by Centerpost, prior to launch.
"Corporations want to create strong ties to their customers. Individuals want to have a better way to manage their electronic communications. Centerpost expects to be the first company to provide a powerful solution to both problems - the world's first B2Me(TM) business," said Juergen Stark, chairman and CEO, Centerpost. "Motorola's investment helps fund platform development and market launch. Motorola is a perfect partner and investor given our planned offering and long term vision," said Stark.
The investment was made by One Motorola Ventures, the strategic venture capital investment arm of the global communications and embedded electronics company.
"With the proliferation of electronic messages, corporations and consumers alike are looking for better ways to manage their information. Centerpost's platform is an exciting new tool for managing the burgeoning flow of messages," said Warren Holtsberg, vice president and director, One Motorola Ventures. "We believe that this new technology will help achieve the dream of more organized, timely and effective communications for all."
About Motorola Motorola, Inc. (NYSE: MOT) is a global leader in providing integrated communications solutions and embedded electronic solutions. Sales in 1999 were $30.9 billion. More company information is available at www.motorola.com. One Motorola Ventures (1MV) is the global, strategic venture capital investment arm of
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Motorola, Inc. 1MV actively invests at early stages in developing companies of strategic value to Motorola in order to accelerate access to new technologies, new markets and new talent.
About Centerpost
Centerpost Corporation is a privately held Chicago-based company pioneering new forms of messaging and electronic communications. Its innovative product will change the way people and companies interact. Centerpost is proud to have Motorola Ventures as an investor and strategic partner. More information is available at www.centerpost.com.
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