Motorola Solutions
 |
|
| Public | |
| Traded as | : MSI S&P 500 Component |
| Industry | Telecommunications equipment |
| Predecessor | Motorola, Inc. |
| Founded | January 4, 2011 |
| Headquarters | Chicago, Illinois, U.S. |
|
Key people
|
Greg Brown (Chairman and CEO) |
| Products | Two-way radios, radio systems, managed services and smart public safety applications |
| Revenue |
 US$6.04 billion (2016) |
|
US$1.06 billion (2016) |
|
 US$560 million (2016) |
|
| Total assets |
US$8.46 billion (2016) |
| Total equity |
US$-964 million (2016) |
|
Number of employees
|
14,000 (2016) |
| Website | www |
Motorola Solutions, Inc. is an American data communications and telecommunications equipment provider that succeeded Motorola, Inc., following the spinoff of the mobile phone division into Motorola Mobility in 2011. The company is headquartered in Chicago, Illinois.
Motorola Solutions began trading as a separate independent company on January 4, 2011, under the NYSE symbol "MSI". It is the legal successor of the old Motorola, Inc.; the transaction was structured so the old Motorola changed its name to Motorola Solutions and spun off Motorola Mobility as a separate company. Motorola Solutions retains the old Motorola's pre-2011 stock price history, though the old Motorola's ticker symbol of "MOT" was retired.
After the split, Motorola Solutions comprised the previous Government and Public Safety division of Motorola Inc. (founded in 1928), the enterprise mobility division, and the cellular infrastructure group.
Motorola Solutions sold the cellular infrastructure business to Nokia Siemens Networks. The acquisition, which was originally announced in July 2010, was completed on April 29, 2011 for $975 million in cash. As part of the transaction approximately 6,900 employees transferred to Nokia Siemens Networks. In the former Motorola parent company, it was the second largest division based on revenue.
On October 27, 2014, Motorola Solutions sold its Enterprise business to Zebra Technologies for $3.45 billion in cash. As part of the sale, approximately 4,500 Motorola Solutions employees from locations throughout the world were transferred to Zebra. A large majority of this business was what was formerly Symbol Technologies, which Motorola, Inc. acquired in 2007.
In August, 2015, the company received a $1bn investment from Silver Lake Partners the technology specialized Private Equity firm enabling a stock buyback and providing Silver Lake with two board seats. In the Q3 earnings call, Greg Brown described the private equity firms as "operationally connected into the business in a pretty seamless way", "partnering around managed and support services, as well as public, smart public safety and specifically some of the software areas. There is also an initiative we are launching with them around cost of goods, or what I would call above gross margin, both product and services".
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Wikipedia