CHICAGO and PLANO, Texas — May 1, 2017 — Motorola Solutions (NYSE: MSI), a leading provider of mission-critical communication solutions and services for public safety and commercial customers, today announced that it has entered into an agreement to acquire Kodiak Networks, a privately held provider of broadband push-to-talk (PTT) for commercial customers. The acquisition agreement is subject to customary closing conditions and is expected to close later this year.
Kodiak partners with mobile network operators globally to offer its cloud-based PTT solution and management platform, which delivers clear, reliable, instant performance over 4G LTE, Wi-Fi, and 3G networks.
The acquisition of Kodiak adds a complementary, carrier-integrated PTT-over-cellular solution to Motorola Solutions' existing WAVE PTT portfolio, which today includes solutions for high-performance PTT and flexible, "over-the-top" broadband PTT. WAVE connects disparate networks to enable communication between smartphones, radios and computers via wireless or wireline broadband. It also reflects Motorola Solutions' strategy to build its communications and collaboration software portfolio, and establish stronger annual recurring revenue streams.
"In the quickly evolving space of broadband PTT, we expect the Kodiak acquisition to expand our offerings and strengthen our ability to provide solutions to mobile network operators, especially for commercial markets," said Bruce Brda, executive vice president, Products and Services, Motorola Solutions. "Kodiak has a significant presence with mobile network operators and an established reputation for providing carrier-integrated solutions that complement Motorola Solutions' software and carrier capabilities."
"Kodiak has proven expertise in meeting the demanding security, reliability and performance needs of large mobile network operators that provide communications solutions to commercial customers," said John Vice, chief executive officer, Kodiak. "We are excited about the opportunities that Motorola Solutions and Kodiak have to expand the reach of these PTT communications platforms and to ensure our customers benefit from the high-quality software they've come to expect."
Kodiak was founded in 2001 and is headquartered in Plano, Texas. The terms of the transaction were not disclosed.
About Motorola Solutions
Motorola Solutions (NYSE: MSI) creates innovative, mission-critical communication solutions and services that help public safety and commercial customers build safer cities and thriving communities. For ongoing news, visit www.motorolasolutions.com/newsroom or subscribe to a news feed.
About Kodiak Networks
A leading provider of standards-based broadband push-to-talk, Kodiak delivers clear, reliable, sub-second calling performance over 4G LTE, Wi-Fi, and 3G networks. The Kodiak solution also allows organizations to cost-effectively add users, extend coverage and access broadband data capabilities. The Kodiak-powered platform supports a robust partner ecosystem including iOS, Android handsets/tablets, ruggedized devices, dispatch consoles, accessories, and enterprise productivity applications. Kodiak has a large carrier-integrated PTT subscriber base throughout the world, with deployments across a number of carriers around the world.
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Forward-Looking Statements
This press release contains certain forward-looking statements including statements regarding expectations with respect to the impact of the acquisition of Kodiak Networks on Motorola Solutions' business. By their nature, forward-looking statements involve risk and uncertainty because they relate to future events and depend on circumstances that will or may occur in the future and are outside the control of Motorola Solutions and its officers. Actual results may differ from those expressed in such statements depending on a variety of factors.
Media Contacts
Tama McWhinney
Motorola Solutions
+1 847-538-1865
tama.mcwhinney@motorolasolution.com
Bruce Lawler
Kodiak
+1 972-665-0200
press@kodiakptt.com
Investor Contact
Chris Kutsor
Motorola Solutions
+1 847-576-4995
chris.kutsor@motorolasolutions.com
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