Motorola Solutions Acquires Envysion, a Leader in Enterprise Video Security and Business Analytics for the Retail Industry
CHICAGO – Nov. 2, 2021 – Motorola Solutions (NYSE: MSI) today announced it has acquired Envysion, Inc., a leading provider of enterprise video security and business analytics solutions for the quick-service restaurant and retail industries.
Envysion’s cloud-based solution 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.
“The combination of video and analytics continues to play a powerful role in supporting enterprise security,” said Greg Brown, chairman and CEO, Motorola Solutions. “With Envysion, we will bring greater operational efficiency and safety to the vast restaurant and retail industries across the U.S., expanding our presence and reinforcing our strategy as a global leader in end-to-end video security solutions.”
Relied upon by restaurants, convenience and specialty stores, Envysion’s platform helps to identify and resolve theft and support priorities such as customer and employee safety, workplace productivity and physical security. Business owners have access to actionable insights to drive better management decisions to reduce loss, mitigate risk and enhance profitability.
“We are excited to join Motorola Solutions and look forward to advancing the innovative solutions we deliver to our customers,” said Matt Umscheid, CEO, Envysion. “Together, we will continue investing in and building upon Motorola Solutions’ portfolio of video security and access control solutions and equip enterprise customers with unparalleled security capabilities.”
Terms of the transaction were not disclosed.
About Motorola Solutions
Motorola Solutions is a global leader in public safety and enterprise security. Our solutions in land mobile radio mission-critical communications, video security & access control and command center software, bolstered by managed & support services, create the most integrated technology ecosystem to make communities safer and help businesses stay productive and secure. At Motorola Solutions, we’re ushering in a new era in public safety and security. Learn more at www.motorolasolutions.com.
Motorola Solutions Forward-Looking Statements
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Such forward-looking statements include, but are not limited to, Motorola Solutions’ ability to integrate the products and services into its portfolio and offerings to customers. Motorola Solutions cautions the reader that the risks and uncertainties below, as well as those in Part I Item 1A of Motorola Solutions’ 2020 Annual Report on Form 10-K and in its other SEC filings available for free on the SEC’s website at www.sec.gov and on Motorola Solutions’ website at www.motorolasolutions.com, could cause Motorola Solutions’ actual results or events discussed in these statements to differ materially from those estimated or predicted in the forward-looking statements. Many of these risks and uncertainties cannot be controlled by Motorola Solutions and factors that may impact forward-looking statements include, but are not limited to, Motorola Solutions’ ability to successfully integrate and operate Envysion. Motorola Solutions undertakes no obligation to publicly update any forward-looking statement or risk factor, whether as a result of new information, future events or otherwise.