Motorola acquires Pelco Inc. to expand its video security services

By Nikita Chaurasia  Date: 2020-08-04

Motorola acquires Pelco Inc. to expand its video security services

Chicago-based telecommunication company, Motorola Solutions Inc., has made it to the headlines through its acquisition of Pelco Inc. from Transom Capital Group for $110 million dollars.

For those uninitiated, Pelco Inc. is a security and surveillance technological firm, which is headquartered in Fresno, California. The company was founded in 1957, after being acquired by a group headed by David McDonald, became a leader in supplying CCTV cameras and components.

CEO and Chairman of Motorola Solutions, Greg Brown reportedly stated that video surveillance plays a vital role in safeguarding businesses and improving safety in metropolitan cities. He further added that Pelco’s performance history of advancement, internationally renowned brand name, and vast clientele will further drive Motorola’s growth as well as establish a global brand value in the enterprise and public safety vertical.

If sources are to be believed, Pelco has recruited around 2,000 people since its inception at its manufacturing unit during the pinnacle of its business trajectory. However, the company gradually started facing difficulties as the market interests shifted to IP-based solutions from the analog solutions.

In this context, Los Angeles-based private equity firm Transom had acquired Pelco from Schneider Electric in March 2019.

According to industry experts, Motorola Solutions has expanded its video security solutions through the acquisition of Aviglion in the year 2018. The company further went on an acquisition spree by purchasing IndigiVision and WatchGuard in 2019. It also purchased VaaS International Holdings in the same year.

About Motorola Solutions

Motorola solutions is a leader in data communication, telecommunication and analytics technology. Their platform primarily operates using command center software, video analytics & security, and mission-critical communication.

The company is apparently steering into a new domain of enterprise security and public safety by introducing an image capture and analysis solution that includes integrated license plate reader cameras driven by artificial intelligence and machine learning technologies.

Source credits: https://www.securitysales.com/business/mergers/motorola-solutions-acquires-pelco/

https://www.businesswire.com/news/home/20200803005155/en/Motorola-Solutions-Acquires-Global-Video-Security-Solutions

About Author

Nikita Chaurasia     aeresearch.net

Nikita Chaurasia

An accomplished professional in the field of content development, playing with words comes naturally to Nikita Chaurasia. After completing her post-graduate MBA degree in Advertising and PR, Nikita worked across numerous content-driven verticals, undertaking diverse r...

Read More

More News By Nikita Chaurasia

Universal Music Group leaps to USD 55 billion in stock market debut

Universal Music Group leaps to USD 55 billion in stock market debut

By Nikita Chaurasia

Universal Music Group's stock market debut marked Europe the largest listing this year, with shares surging over a third as investors wager on the potential of music streaming in the long run. The world's largest music label, which represent...

Microsoft offering internships to boost technology skills in Indians

Microsoft offering internships to boost technology skills in Indians

By Nikita Chaurasia

Microsoft Corporation has reportedly launched the new Future Ready Talent internship program to teach technology skills to the Indian youth to make them job-ready. The program is free of cost and can be available for students who have graduated in 2...

PepsiCo to cut plastic use, launch plant-based snacks in green push

PepsiCo to cut plastic use, launch plant-based snacks in green push

By Nikita Chaurasia

As the necessity for actions that tackle climate change intensifies, PepsiCo has announced that it will reduce the use of virgin plastic and expand its business of SodaStream carbonated water to more markets, however, some environmental groups want t...

Google fined USD 177 Mn by South Korea over anti-competitive practices

Google fined USD 177 Mn by South Korea over anti-competitive practices

By Nikita Chaurasia

The fine is considered to be the ninth-biggest by the regulator to date. It was announced when South Korea’s Telecommunications Business Act, popularly known as “anti-Google law” came into effect.  South Korea’s Kore...

England to become the first country to require EV chargers in new homes

England to become the first country to require EV chargers in new homes

By Nikita Chaurasia

Even the commercial establishments will be required to include EV chargers. The news echoes on U.K.’s efforts to achieve net-zero greenhouse gas emissions by 2050. The British government is expected to introduce a new law in 2021 which wi...