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MOTOROLA SOLUTIONS, INC.

(MSI)
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Motorola : Adds Cloud-Based Mobile Application Capabilities with Acquisition of Callyo

08/31/2020 | 08:34am EDT

Motorola Solutions, Inc. (NYSE: MSI) today announced it has acquired Callyo, a cloud-based mobile applications provider for law enforcement. Terms of the transaction were not disclosed.

Callyo is a software as a service company (SaaS) serving thousands of public safety customers across North America. Its portfolio includes two application suites – 10-21, which simplifies communication between first responders and citizens, and Callyo, which provides investigative tools that improve digital evidence collection.

This acquisition adds to Motorola Solutions’ existing command center software suite critical mobile technology capabilities that enable information to flow seamlessly from the field to the command center.

“First responders are increasingly looking to mobile applications to boost productivity and enhance community relations,” said Andrew Sinclair, senior vice president and general manager, Software Enterprise, Motorola Solutions. “With Callyo’s technology, agencies can improve collaboration and enhance the evidence collection process to build stronger cases more efficiently, ultimately enabling them to better serve and keep communities safe.”

“With Motorola Solutions, we have the opportunity to accelerate our product innovation, reach and commitment to service,” said Chris Bennett, founder and chief product officer, Callyo. “We’re excited to work together to deliver the next generation of mobile application capabilities that simplify and enhance communication between first responders and the communities they serve.”

About Motorola Solutions

Motorola Solutions is a global leader in mission-critical communications and analytics. Our technology platforms in mission-critical communications, command center software, video security & analytics, bolstered by managed & support services, make communities safer and help businesses stay productive and secure. At Motorola Solutions, we are ushering in a new era in public safety and security. Learn more at www.motorolasolutions.com.

Forward-Looking Statements

This press release contains "forward-looking statements" within the meaning of applicable federal securities law. These statements are made pursuant to the safe harbor provisions of the Private Securities Litigation Reform Act of 1995 and generally include words such as “believes,” “expects,” “intends,” “anticipates,” “estimates” and similar expressions. Motorola Solutions can give no assurance that any actual or future results or events discussed in these statements will be achieved. Any forward-looking statements represent Motorola Solutions’ views only as of today and should not be relied upon as representing Motorola Solutions’ views as of any subsequent date. Readers are cautioned that such forward-looking statements are subject to a variety of risks and uncertainties that could cause the company’s actual results or events discussed in these statements to differ materially from the statements contained in this release. Such forward-looking statements include, but are not limited to, (1) Motorola Solutions’ ability to integrate the products and services into its portfolio; and (2) the growth of the command center software business. Motorola Solutions cautions the reader that the risk factors below, as well as those on pages 10 through 22 in Item 1A of Motorola Solutions 2019 Annual Report on Form 10-K, on page 34 in Item 1A of Motorola Solutions Quarterly Report on Form 10-Q for the quarter ended March 28, 2020, 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/investor, 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: (1) the future results of operations of Callyo, and (2) Motorola Solutions’ ability to successfully integrate and operate Callyo. 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.

MOTOROLA, MOTOROLA SOLUTIONS and the Stylized M Logo are trademarks or registered trademarks of Motorola Trademark Holdings, LLC and are used under license. All other trademarks are the property of their respective owners. ©2020 Motorola Solutions, Inc. All rights reserved.


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Financials (USD)
Sales 2021 8 083 M - -
Net income 2021 1 221 M - -
Net Debt 2021 3 623 M - -
P/E ratio 2021 29,7x
Yield 2021 1,35%
Capitalization 35 126 M 35 126 M -
EV / Sales 2021 4,79x
EV / Sales 2022 4,44x
Nbr of Employees 18 000
Free-Float 98,9%
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Number of Analysts 15
Average target price 225,67 $
Last Close Price 210,88 $
Spread / Highest target 42,7%
Spread / Average Target 7,01%
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NameTitle
Gregory Q. Brown Chairman & Chief Executive Officer
Jason J. Winkler Chief Financial Officer & Executive Vice President
Paul D. Steinberg Senior Vice President-Technology
Mahesh Saptharishi Chief Technology Officer & Senior Vice President
Mark S. Hacker Chief Administrative Officer & Executive VP
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