Security

Motorola Solutions Purchases Envysion, their 5th Acquisition in Video & Access Control

Motorola Solutions continues its strategy of investing in its video surveillance and analytics business with the purchase of Envysion, a US physical security provider for the retail sector, for $124 million net of cash on 2nd November. Envysion’s loss prevention offering for quick-service restaurants, convenience, and specialty stores is a cloud-based solution. It 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.  Motorola’s Q3 analyst call on 5th November confirmed that the strategic rationale of the deal was to gain further vertical market focus and that the firm had approximately $25 million in recurring revenue. It marks the fifth acquisition in the last three years targeting enterprise security solutions for the built environment. Motorola Solutions has built its video security and access control business through strategic acquisitions in the last three years, as an extension to their Land Mobile Radio […]

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