Motorola Solutions Acquires Envysion, a Leader in Enterprise Video Security and Business Analytics for the Retail Industry

Rhea-AI Summary

Motorola Solutions (NYSE: MSI) has acquired Envysion, Inc., a prominent provider of enterprise video security and analytics solutions, particularly for the quick-service restaurant and retail sectors. Envysion's cloud-based platform integrates video surveillance with sales data, aiding businesses in identifying fraud and optimizing operations. This acquisition is expected to enhance Motorola's security capabilities and expand its market presence in the U.S. The transaction terms were not disclosed, but it aims to advance innovative security solutions for enterprise customers.

Positive

• Acquisition of Envysion enhances Motorola's portfolio in video security and analytics.
• Integration of sales data with video security improves fraud detection and operational efficiency.
• Expansion of market presence in the U.S. restaurant and retail sectors.

Negative

• Transaction terms not disclosed, which may raise concerns about financial transparency.
• Potential integration challenges with Envysion's services and technology.

CHICAGO--(BUSINESS WIRE)-- Motorola Solutions (NYSE: MSI) today announced it has acquired Envysion, Inc., a leading provider of enterprise video security and business analytics solutions for the quick-service restaurant and retail industries.

Envysion's cloud-based solution integrates video systems with sales data to proactively identify potentially fraudulent transactions and highlight sales patterns and in-store activity without the need to monitor hours of video footage.

"The combination of video and analytics continues to play a powerful role in supporting enterprise security,” said Greg Brown, chairman and CEO, Motorola Solutions. “With Envysion, we will bring greater operational efficiency and safety to the vast restaurant and retail industries across the U.S., expanding our presence and reinforcing our strategy as a global leader in end-to-end video security solutions.”

Relied upon by restaurants, convenience and specialty stores, Envysion’s platform helps to identify and resolve theft and support priorities such as customer and employee safety, workplace productivity and physical security. Business owners have access to actionable insights to drive better management decisions to reduce loss, mitigate risk and enhance profitability.

“We are excited to join Motorola Solutions and look forward to advancing the innovative solutions we deliver to our customers,” said Matt Umscheid, CEO, Envysion. “Together, we will continue investing in and building upon Motorola Solutions’ portfolio of video security and access control solutions and equip enterprise customers with unparalleled security capabilities.”

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 mission-critical 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' 2020 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 Envysion. 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/20211102005340/en/

Media Contact

Elyssa Macfarlane

Motorola Solutions

elyssa.macfarlane@motorolasolutions.com

+1 604-924-7093

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 Envysion?

The acquisition enhances Motorola's video security and analytics capabilities, particularly in the quick-service restaurant and retail sectors.

When was the acquisition of Envysion by Motorola Solutions announced?

The acquisition was announced today.

How will the acquisition of Envysion affect Motorola Solutions' market strategy?

It reinforces Motorola's strategy as a global leader in end-to-end video security solutions.

What is Envysion's role in the quick-service restaurant industry?

Envysion provides video security and analytics solutions to help businesses prevent theft and enhance operational efficiency.

What were the terms of the Envysion acquisition?

The terms of the transaction were not disclosed.