Motorola Mobility Acquires 3LM

Posted Feb 15, 2011

Motorola Mobility Holdings, Inc. (NYSE:MMI) has announced that they are acquiring 3LM Inc. 3LM was founded by two former Google employees and they developed software to boost security on mobile devices powered by Android. 3LM had already signed deals to provide technology to several other device companies and those deals are expected to be announced soon. Accel Partners and several other small investors put $1.5 million in funding in 3LM. 3LM stands for “three laws of mobility.” 3LM technology is expected to enhance security features in Motorola. [WSJ]