In this Research Note, we examine Motorola Solutions Video Security and Access Control business based on their Q1-2022 financial results, investor presentations and M&A. Our analysis of two recently acquired companies, Calipsa and Videotec, brings Motorola’s deal count up to eight acquisitions in this segment in less than four years. Motorola announced its Q1 results on 12 May 2022, with Video Security and Access Control sales of $307M up 21% compared with Q1 2021.   In Q1, the company also closed the acquisition of Ava Security, a London, UK-based provider of cloud-native video security and analytics software for $387M net of cash acquired. Given the number of subsidiaries under the Ava Security Ltd umbrella, it is difficult to establish an accurate consolidated revenue figure for the group. Still, it is evident that the deal represents a very healthy exit multiple for their investors and management. The fast-growing startup was founded as Ava Cyber in 2016 and Ava Video in 2018 followed […]