Motorola Invests in Plumb Design
Schaumburg, Ill., November 07, 2000 Motorola, Inc. (NYSE:MOT) announced today that it has made an equity investment in Plumb Design, a privately held company that designs and develops software, Web applications, and communications platforms. The investment is being made by One Motorola Ventures, the strategic venture capital investment arm of Motorola, Inc.
Plumb Design's wholly owned subsidiary Thinkmap, Inc., develops software, including Thinkmap®, a platform for animating and displaying complex sets of interrelated information, and CondensityTM, software that shrinks, obfuscates, and optimizes Java code. Through these software products, the company enables the rapid development of a new class of applications, one in which navigation begets learning.
The company's services division provides strategic consulting, Web design, custom software development, and systems integration services for Global 5000 companies and major nonprofits.
"The next generation of wireless devices will need flexible and intuitive interface solutions. Motorola believes technologies like Thinkmap have the potential to change the way users interact with information through their mobile devices," said Warren Holtsberg, Corporate Vice President, One Motorola Ventures.
Mary Azzarto, CEO of Plumb Design, said, "Motorola's commitment reinforces our belief that quality software products and collaborative partnerships are the foundation of our success. This relationship will increase our resources, allowing us to research new platforms for Thinkmap and expand its application."
Motorola, Inc. (NYSE:MOT) is a global leader in providing integrated communication solutions and embedded electronic solutions. Sales in 1999 were $33.1 billion. One Motorola Ventures (1MV) is the global, strategic venture capital investment arm of 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. More information is available at www.motorola.com.