Silver Lake Investing $1 Billion in Motorola Solutions
ByMotorola Solutions Inc. is receiving a $1 billion investment from private-equity firm Silver Lake as it looks to drive growth beyond its core business of selling radios to police and fire departments.
The communications equipment company is building out its software and services business, which include video monitoring and data analytics, after failing to sell itself earlier this year. Silver Lake will help with strategic partnerships and acquisitions, Motorola said in a statement Wednesday.
“We’re best in class at the incident, at a scene, with first responders deployed with our gear,” Gregory Brown, Motorola Solutions’ chief executive officer, said in an interview. The company wants to add to that by helping emergency agencies, for example, collect and analyze video and social media to prevent potential crimes before they happen, Brown said…
Silver Lake Investing $1 Billion in Motorola Solutions
