Motorola recently announced that it has acquired UK-based video security firm IndigoVision in a deal worth USD 37 million. This acquisition will enable Motorola Solutions to expand its presence in the large and expanding area of video security market.
This is the second acquisition for Motorola in the video security since it bought Avigilon in March 2018. IndigoVision’s range of products and customer base will highly complement to Motorola Solutions’ existing presence in video security and enhance its geographical reach to a wider customer base.
Commenting on the acquisition, Pedro Vasco Simoes, chief executive of IndigoVision, said “The access we will now have to Motorola Solutions’ range of innovative technologies will create new opportunities for IndigoVision and enable us to bring an exciting proposition to the market that allows us to further deliver on our goal of delivering safety, security and business intelligence.”
Now, Motorola boosts two very strong brands with a wide range of product portfolio including high-definition cameras, advanced video analytics, network video management hardware and software and access control solutions.
John Kedzierski, senior vice president, video security solutions, Motorola Solutions, said “We share IndigoVision’s commitment to providing next-generation, end-to-end video security solutions that enhance safety, security and efficiency. IndigoVision’s end-to-end offering, global presence and customer base will complement our existing and growing presence in video security and analytics.”