Motorola Solutions has agreed to acquire Openpath Security Inc., a cloud-based mobile access control provider. After this deal businesses will have 24/7 visibility of their access points anywhere around the world and be able to provide a frictionless walk-through experience enabled by a mobile app.
- Openpath is a leader within the access control industry. Openpaths solution makes businesses more secure with multi-factor authentication, enables a contactless entry experience and can be easily scaled and managed due to its cloud-based architecture.
- The combined leadership of Motorola Solutions and Openpath in video security and access control will allow Motorola Solutions to build on its extensive footprint in supporting enterprise customers with an unparalleled security solution.
The major deals and expansions by Motorola are mentioned below:
Aug 2020: The leading telecommunications equipment provider Motorola Solutions, Inc. announced that it had completed the acquisition of California based Pelco, Inc., for $110 million. Pelco is a global provider of video security solutions. Pelco designs, develops and distributes end-to-end video technology, including video security cameras and video management system software.
March 2020: Motorola Solutions announced to open a state-of-the-art Experience Center in its new Fort Lauderdale office to showcase its mission-critical communications, video security and analytics solutions, as well as its end-to-end command center software portfolio, in a hands-on setting.
January 2020: Motorola Solutions had signed up to the Buy Social Corporate Challenge, run by Social Enterprise UK (SEUK) a ground-breaking initiative which sees leading companies open up their supply chains to more social enterprises. This new partnership aligns with the companys three guiding principles: to operate ethically, to protect the environment, and to support the communities in which it operates.
September 2019: Motorola Solutions and Silver Lake, a global leader in technology investing, announced their strategic partnership. In connection with the continuation of this partnership, Silver Lake will make a new $1 billion investment in Motorola Solutions, and settle its outstanding $800 million aggregate principal investment one year ahead of its maturity.
About Motorola Solutions
Motorola Solutions, headquartered in Chicago, Illinois, United States, is a leading telecommunications equipment provider. It is a global leader in mission-critical communications, command center software and video security and analytics. The company has installed approximately 13,000 networks and having customers in more than 100 countries.