Motorola Solutions Acquires Calipsa, a Leader in Cloud-native Advanced Video Analytics

Rhea-AI Summary

Motorola Solutions (NYSE: MSI) has acquired Calipsa, Inc., a London-based leader in cloud-native advanced video analytics. This acquisition enhances Motorola's video security capabilities with AI-powered analytics that optimize security by verifying alarms and detecting camera tampering. Greg Brown, CEO, emphasized that integrating Calipsa's technology supports the trend toward cloud-based security solutions. The deal's financial terms were not disclosed, but it aims to transform video security from a reactive tool into a proactive response mechanism for enterprises.

Positive

• Acquisition enhances Motorola's video security offering with advanced AI analytics.
• Calipsa's technology allows integration with existing IP cameras, minimizing hardware needs.
• Supports growing demand for cloud-based security solutions.

Negative

• Integration risks and challenges associated with merging Calipsa's technology.
• No financial details disclosed, leading to uncertainty about the impact on Motorola's balance sheet.

CHICAGO--(BUSINESS WIRE)-- Motorola Solutions (NYSE: MSI) today announced it has acquired Calipsa, Inc., a technology leader in cloud-native advanced video analytics based in London, U.K.

Calipsa’s scalable platform enables businesses to optimize security with AI-powered analytics that verify alarms, enable content-based searches, detect tampering and assess the health of cameras in real time. The solution is relied upon by enterprise and security monitoring customers around the world.

“We believe AI, spanning from the edge to the cloud, is driving the future of video security,” said Greg Brown, chairman and CEO, Motorola Solutions. “With Calipsa, we can rapidly extend our intelligent analytics across any video security solution and support the accelerating trend of enterprises using cloud technologies to enhance safety and security.”

Calipsa’s unique cloud-based technology allows customers to add AI to existing IP-based cameras without additional hardware, enabling new analytics capabilities on the millions of IP-based cameras already deployed.

“Both Calipsa and Motorola Solutions share the mission of keeping enterprises and communities safe,” said Mohammad Rashid, CEO, Calipsa. “Joining the Motorola Solutions team enables us to accelerate the development and broaden the reach of our innovative technologies that transform video from a retroactive investigative tool into a proactive response tool.”

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 an integrated technology ecosystem to help make communities safer and 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 Calipsa. 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/20220412006063/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 did Motorola Solutions acquire?

Motorola Solutions acquired Calipsa, Inc., a leader in cloud-native advanced video analytics.

How does the acquisition of Calipsa benefit Motorola Solutions?

The acquisition enhances video security capabilities with AI-powered analytics that optimize security operations.

What is the significance of cloud-native technology in this acquisition?

Calipsa's cloud-native technology enables AI integration with existing cameras, enhancing security without additional hardware.

What are the potential risks of the Calipsa acquisition for Motorola Solutions?

Integration challenges and uncertainties regarding financial impacts are potential risks associated with the acquisition.

When was the acquisition of Calipsa by Motorola Solutions announced?

The acquisition was announced on April 12, 2024.