Motorola Solutions

Categories

Industrial Manufacturing  
Technology  

#352

Rank

$48.82B

MarketCap US

US United States

Country

Summary

Motorola Solutions, Inc. provides mission-critical communications and analytics in the United States, the United Kingdom, Canada, and internationally. The company operates in two segments, Products and Systems Integration, and Software and Services. 

The Products and Systems Integration segment offers a portfolio of infrastructure, devices, accessories, and video security devices As well as the implementation, and integration of systems, devices, software, and applications for government, public safety, and commercial customers who operate private communications networks and video security solutions, as well as manage a mobile workforce. Its land mobile radio communications and video security and access control devices include two-way portable and vehicle-mounted radios and fixed and mobile video cameras. Radio network core and central processing software, base stations, consoles, and repeaters; video analytics, network video management hardware and software, and access control solutions. 

The Software and Services segment provides repair, technical support, and hardware maintenance services. This segment also offers monitoring, software updates, and cybersecurity services; and public safety and enterprise command centre software, unified communications applications, and video software solutions through on-premise and as a service. 

It serves government, public safety, and commercial customers. The company was formerly known as Motorola, Inc. and changed its name to Motorola Solutions, Inc. in January 2011. Motorola Solutions, Inc. was founded in 1928 and is headquartered in Chicago, Illinois.


History

Motorola Solutions began trading as a separate independent company on January 4, 2011, under the NYSE symbol MSI. In April 2011, Motorola Solutions completed the sale of its cellular infrastructure business to Nokia Siemens Networks for $975 million in cash. As part of the transaction, approximately 6,900 employees were transferred to Nokia Siemens Networks. The same month, Chinese telecommunications companies Huawei and Motorola Solutions settled their intellectual property disputes. 

In 2012 Motorola Solutions purchased Psion for $200million and added it to its Enterprise business. A large majority of the Enterprise business was formerly Symbol Technologies, which Motorola, Inc. had acquired in 2007. On October 27, 2014, Motorola Solutions sold its Enterprise business to Zebra Technologies for $3.45 billion in cash. As part of the sale, approximately 4,500 Motorola Solutions employees from locations throughout the world were transferred to Zebra.

In August 2015, the company received a $1 billion investment from the private equity firm Silver Lake Partners, enabling a stock buyback and providing Silver Lake with two board seats. In December, the company announced that it would acquire Airwave Solutions, the UK-based operator of the British public safety radio network servicing the police, fire and ambulance services across England, Scotland and Wales. The company completed the acquisition on February 19, 2016.

Beginning in March 2017, Motorola Solutions filed a series of lawsuits against China-based two-way radio manufacturer Hytera in the United States, Germany and Australia, as well as with the United States International Trade Commission. The complaints allege that Hytera is intentionally infringing on patents owned by Motorola Solutions and utilizing trade secrets stolen by three former Motorola Solutions employees who left to join Hytera. Motorola Solutions is seeking to stop Hytera from selling and importing its devices in these countries. In April 2017, the USITC announced that it had decided to institute an investigation into Hytera's trade practices. In August 2017, Motorola Solutions announced it completed the acquisition of Kodiak Networks, a privately held provider of broadband push-to-talk for commercial customers.

In December 2017, two-way radio manufacturer Hytera filed antitrust litigation against Motorola Solutions alleging that Motorola is engaging in anti-competitive practices that are unlawful under the Sherman Act and Clayton Act. Hytera's complaint alleges that Motorola Solutions prevents Hytera from competing in the U.S. marketplace by enforcing inflated prices and engaging in a monopolistic scheme that includes forcing LMR dealers to drop Hytera's products. In March 2018, Motorola Solutions acquired Avigilon for about $1 billion. As well, Motorola Solutions acquired Plant Holdings, Inc., which holds the Airbus DS Communications business, from Airbus Defense and Space, Inc., an indirect subsidiary of Airbus SE.

In January 2019, the company acquired Livermore, California-based VaaS International Holdings, and its subsidiary, license plate reading technology company Vigilant Solutions, for $445 million. In July 2019, the company acquired WatchGuard Inc.

In August 2020, the company acquired Pelco Inc. A California-based Video Security company for $110M in cash from Transom Capital. Pelco was previously a Schneider Electric brand. In September 2020, the company acquired Polaris Networks, a global wireless technologies solutions provider. In July 2021, the company acquired Openpath Security Inc., a cloud-based, mobile access control provider, for an undisclosed sum. In November 2021, the company acquired Envysion, a provider of enterprise video security and business analytics for the retail industry.

 In March 2022, the company acquired Ava Security Limited, a UK-based global provider of cloud-native video security and analytics. In April, the company acquired Calipsa, a UK-based video analytics start-up. In May, the company acquired Videotec, an Italy-based video security manufacturer. In August, the company acquired Barrett Communications, an Australia-based HF/VHF communications systems provider.


Mission

“Creating innovative, mission-critical communication solutions and services that help public safety and commercial customers build safer cities and thriving communities.”


Vision

“We stand behind the work we do, the contributions we make and the high business standards we maintain. Our customers can trust us to be there for them, no matter their situation.”


Key Team

Dr. Mahesh Saptharishi Ph.D. (Exec. VP & CTO)

Mr. Mark S. Hacker (Exec. VP, Gen. Counsel & Chief Admin. Officer)

Ms. Katherine A. Maher (Corp. VP & Chief Accounting Officer)

Tim Yocum (VP of Investor Relations)

Ms. Cynthia M. Yazdi (Sr. VP of Communications & Brand)

Mr. Michael D. Annes (Sr. VP of Bus. Devel.)

Mr. Mohammad Akhtar (Sr. VP of Sales - Middle East)


Recognition and Awards
Fortune World's Most Admired Companies, Network and Other Communications Equipment, 2021 - The Wall Street Journal Management Top 250, No. 108, 2020 - Bloomberg 50 Companies to Watch in 2020, 2019 - Government Technology GovTech 100, 2021

References
Motorola Solutions
Leadership team

Mr. Jason J. Winkler (Exec. VP & CFO)

Mr. John P. Molloy (Exec. VP & COO)

Industries

Industrial Manufacturing

Technology

Products/ Services
Communications Infrastructure, Electronics, Information Technology, Mobile, Public Safety, Telecommunications, Wireless
Number of Employees
1,000 - 20,000
Headquarters
Chicago, Illinois, United States
Established
1928
Company Type
Public Limited Company
Company Registration
SEC CIK number: 0000068505
Net Income
1B - 20B
Revenue
Above - 1B
Traded as
MSI
Social Media

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Sun Apr 21 2024
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