Motorola Joins Investors Behind VirtualLogix (Update)

VirtualLogix logo

According to PC World, Motorola has joined Cisco, Intel and Texas Instruments in funding mobile virtualization company VirtualLogix (see our previous coverage). Update: the official release went over the wire.

VirtualLogix logo

VirtualLogix lets a user access two separate operating systems on the same handset with its VLX for Mobile Handsets product line – allowing them to share some resources like memory, but also keeping other areas, such as applications, securely apart.

Today, the company plans to announce that Motorola is a new investor in the company. Motorola is interested in VirtualLogix primarily for its mobile phones, but has also expressed an interest in using it for virtualization in its network equipment, reportedly said Peter Richards, CEO of VirtualLogix.

More when the official announcement comes in!

Update: the official word is in, but doesn’t provide much more details. Motorola made the equity investment through Motorola Ventures, its strategic capital arm, without disclosing the size of the investment.

Motorola joins VirtualLogix’s current investors Atlas Venture, Cisco Systems, DFJ Esprit, Index Ventures, Intel Capital and Texas Instruments. The company raised $16 million in series B last July, and got an extra (undisclosed) equity investment from Texas Instruments last December. The total amount invested in the company so far is $28 million, and the company says it is open to more strategic investors joining the club.

Noteworthy, however, is the comment that was added by our media contact, which shows Motorola’s ambition:

“Motorola is rising to the challenge of competing against competitors like the iPhone to develop disruptive new handsets, that will be less expensive to develop, while providing a much richer user experience. Virtualization can give one phone two different personalities, making it possible to switch between work functionality and fun applications, even between plans and accounts on one device.”

[Source: SMS Text News]

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