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Motorola Ventures Invests in Avvenu.

PALO ALTO, Calif. & SCHAUMBURG, Ill. -- Avvenu, Inc. and Motorola, Inc. (NYSE:MOT) announced today that Motorola Ventures made a strategic investment in Avvenu. Avvenu has developed a service that allows users to remotely access their home or office computer from a mobile phone, PDA, or computer. Motorola Ventures is the equity investment arm of Motorola, Inc. Financial terms of the agreement have not been disclosed.

The Avvenu service enables users to view, download and share the images and files on their computer simply and securely from any web-enabled device. The files can be on a home computer, office computer, laptop, or media PC.

"We are pleased to add Avvenu to our portfolio of technology investments. Motorola is creating new experiences that enable consumers to connect seamlessly to the people and information that mean the most to them. Avvenu's service will help make that real by bringing an impressive new capability to the mobile handset that enhances Motorola's Seamless Mobility applications," said Warren Holtsberg, corporate vice president, equity investments at Motorola.

"Motorola is an ideal investment and business partner for us" said Keith Barraclough, Avvenu Founder and CEO. "We are committed to Motorola's vision of 'Seamless Mobility', and are proud to provide a service which builds on that vision." The goal of the Avvenu service is to allow users access to all of their computer content - even though they don't have their computer with them. The cell phone is the portal through which users can easily access and share their most important content.

The Avvenu service is now in beta, and users may sign up by going to www.avvenu.com. The technology will also be demonstrated at Motorola's booth at the upcoming CTIA (Cellular Telecommunications and Internet Association) conference in New Orleans on March 14-16th.

About Avvenu

Avvenu, based in Palo Alto, California, was founded by a team of professionals with expertise in the areas of P2P (peer-to-peer) file sharing, distributed computing, and VoIP (Voice-over-Internet Protocol) technology. Avvenu is a privately held company with venture funding provided by Charles River Ventures and Worldview Technology Partners.

About Motorola Ventures

Motorola Ventures (MV) is the global, strategic venture capital investment arm of Motorola, Inc. MV actively invests at all stages in developing companies of strategic value to Motorola in order to accelerate access to new technologies, new markets and new talent. For more information: www.motorola.com/ventures.

About Motorola

Motorola is a Fortune 100 global communications leader that provides seamless mobility products and solutions across broadband, embedded systems and wireless networks. In your home, auto, workplace and all spaces in between, seamless mobility means you can reach the people, things and information you need, anywhere, anytime. Seamless mobility harnesses the power of technology convergence and enables smarter, faster, cost-effective and flexible communication. Motorola had sales of US $31.3 billion in 2004. For more information: www.motorola.com.
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Publication:Business Wire
Geographic Code:1USA
Date:Mar 9, 2005
Words:477
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