Motorola has made an investment in Asylum Telecom

23 Apr 2005 | Motorola | 0 comments


Motorola has announced that it has made an investment in Asylum Telecom a global provider of Internet-based communication solutions. Motorola Ventures made the investment in Asylum Telecom in the form of a convertible secured note. Terms of the investment were not disclosed.

Asylum has launched a leading edge Internet communications technology, providint its services in over 25 countries. Asylum provides ubstantial benefits enabling customers to easily enhance their existing communications infrastructure with services that were previously too complex or too expensive.

"Our decision to invest in Asylum was driven by their innovative approach to VoIP and their ability to deliver a seamless user experience. This investment will enable the company to explore opportunities that leverage the exploding Internet telephony and video markets and accelerate our overall seamless mobility vision. It is our first venture investment in a company having a significant R&D and support facility in Hungary and the depth of engineering talent has impressed us,” said John O’Donohue, managing director of Motorola Ventures, Europe, Middle East and Africa.