Motorola Solutions Acquires Ava Security Limited, a Global Provider of Cloud-native Video Security and Analytics

Rhea-AI Summary

Motorola Solutions (NYSE: MSI) has acquired Ava Security Limited, a London-based provider of cloud-native video security and analytics. This acquisition enhances Motorola's portfolio in cloud-based security technologies, enabling enterprises to optimize operations and detect threats in real-time. The scalable solution minimizes the physical footprint of security infrastructure while improving safety and operational insights. Greg Brown, CEO of Motorola, emphasized the strategic importance of this acquisition in advancing video security technologies to meet evolving customer needs.

Positive

• Acquisition of Ava Security expands Motorola's capabilities in cloud-native video security, enhancing its product portfolio.
• Ava's technology offers real-time visibility and analytics, improving operational efficiency and safety for enterprises.
• Self-learning algorithms can detect abnormal behavior, providing enhanced security for users.

Negative

• Terms of the transaction were not disclosed, leaving uncertainty regarding financial implications.
• Integration challenges may arise as Motorola Solutions merges Ava's technology into its existing offerings.

CHICAGO--(BUSINESS WIRE)-- Motorola Solutions (NYSE: MSI) today announced it has acquired Ava Security Limited, a global provider of cloud-native video security and analytics, based in London, U.K.

Ava Security's scalable, secure and flexible cloud solution provides enterprises with real-time visibility and powerful analytics to optimize their operations and detect anomalies and threats. The platform offers organizations the benefit of an enterprise-grade video security solution while minimizing the physical footprint of their security infrastructure.

“Our acquisition of Ava highlights our continued commitment to advancing cloud-based video security technologies,” said Greg Brown, chairman and CEO, Motorola Solutions. “With Ava, we’re well-positioned to support our customers’ evolving security needs by expanding our portfolio of intelligent video solutions that help to enhance safety and streamline operations.”

In addition to allowing organizations to easily access, search and manage their entire system from a centralized dashboard, its self-learning algorithms also enhance enterprise security by detecting abnormal behavior and alerting operators to events in real-time.

"On behalf of the entire team at Ava, we are excited to join Motorola Solutions,” said Tormod Ree, CEO, Ava Security. “I would like to thank Ubon Partners for their backing and believing in our vision. We look forward to building upon Motorola Solutions’ industry-leading video security and access control portfolio, providing customers with advanced ways to protect their people and enhance their operational insights.”

Terms of the transaction were not disclosed.

About Motorola Solutions
Motorola Solutions is a global leader in public safety and enterprise security. Our solutions in land mobile radio communications, video security & access control and command center software, bolstered by managed & support services, create the most integrated technology ecosystem to make communities safer and help businesses stay productive and secure. At Motorola Solutions, we’re ushering in a new era in public safety and security. Learn more at www.motorolasolutions.com.

Motorola Solutions Forward-Looking Statements
This press release contains "forward-looking statements" within the meaning of applicable federal securities law. These statements are made pursuant to the safe harbor provisions of the Private Securities Litigation Reform Act of 1995 and generally include words such as “believes,” “expects,” “intends,” “anticipates,” “estimates” and similar expressions. The company can give no assurance that any actual or future results or events discussed in these statements will be achieved. Any forward-looking statements represent the company’s views only as of today and should not be relied upon as representing the company’s views as of any subsequent date. Readers are cautioned that such forward-looking statements are subject to a variety of risks and uncertainties that could cause the company’s actual results or events discussed in these statements to differ materially from the statements contained in this release. Such forward-looking statements include, but are not limited to, Motorola Solutions’ ability to integrate the products and services into its portfolio and offerings to customers. Motorola Solutions cautions the reader that the risks and uncertainties below, as well as those in Part I Item 1A of Motorola Solutions’ 2021 Annual Report on Form 10-K and in its other SEC filings available for free on the SEC’s website at www.sec.gov and on Motorola Solutions’ website at www.motorolasolutions.com, could cause Motorola Solutions’ actual results or events discussed in these statements to differ materially from those estimated or predicted in the forward-looking statements. Many of these risks and uncertainties cannot be controlled by Motorola Solutions and factors that may impact forward-looking statements include, but are not limited to, Motorola Solutions’ ability to successfully integrate and operate Ava Security Limited. Motorola Solutions undertakes no obligation to publicly update any forward-looking statement or risk factor, whether as a result of new information, future events or otherwise.

View source version on businesswire.com: https://www.businesswire.com/news/home/20220303005811/en/

Media Contact

Elizabeth Skube

Motorola Solutions

elizabeth.skube@motorolasolutions.com

+1 310-429-0388

Investor Contact

Tim Yocum

Motorola Solutions

tim.yocum@motorolasolutions.com

+1 847-576-6899

Source: Motorola Solutions

FAQ

What is the significance of Motorola Solutions acquiring Ava Security Limited?

The acquisition enhances Motorola's product offerings in cloud-native video security, addressing growing enterprise security needs.

How will the acquisition of Ava Security impact Motorola Solutions' business?

It allows Motorola to provide advanced security solutions, potentially increasing market share and operational efficiency.

What are the expected benefits of Ava Security's technology for Motorola Solutions?

Ava Security provides real-time analytics and threat detection, improving safety and operational insights for enterprises.

When was the acquisition of Ava Security by Motorola Solutions announced?

The acquisition was announced on March 3, 2022.