Mergers & Acquisitions

Mergers & Acquisitions

August 25, 2011

Vector Capital to Buy Orthogon and Canopy Businesses from Motorola Solutions

Recently, we heard that Motorola Mobility has been acquired by Google (News - Alert). Vector Capital will acquire Motorola Solutions’ Point-to-Point (PTP or Orthogon) and Point-to-Multipoint (PMP or Canopy) Wireless Broadband Networks businesses. The financial details of the deal had not been revealed till now.

According to a press release, the transaction is expected to be completed as early as the end of September and is subject to customary closing conditions. 

The Motorola (News - Alert) PTP and PMP businesses are renowned for their extensive portfolios of unlicensed and licensed solutions that address key industry verticals, as well as a strong technology base that supports the broadest range of applications of any business in their market segments.

 With extensive technical expertise and experience, high reliability, superior quality control, and unparalleled customer support, these businesses are well positioned for the future.

 “We look forward to working with Motorola Solutions to spinout Cambium Networks," said Alex Slusky, managing partner at Vector Capital. “Vector has deep experience restoring focus and accelerating growth at non-core divisions of the largest global technology companies. We will enable the Cambium management team to build the leading independent provider of PTP and PMP solutions. We are committed to taking great care of customers and creating future opportunities for the employees of the new Cambium Networks."

Vector Capital, a private equity firm, intends to operate the businesses as a single standalone company called Cambium Networks that will be well-funded and positioned to benefit from a more tailored focus and agile organizational structure. Motorola Solutions plans to continue to purchase products from Cambium Networks to meet the broadband needs of its key direct public safety and federal accounts.

Phil Bolt, vice president, Wireless Network Solutions (News - Alert), for Motorola Solutions, will serve as CEO of Cambium Networks. “The launch of the Motorola Solutions’ Canopy and Orthogon business units as Cambium Networks will create an exciting and significant growth opportunity for both Cambium Networks and our partners,” Bolt said. “Our partners will continue to receive the innovative products, quality and support for which we are renowned, only now with the advantage of increased focus and flexibility.”

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Mandira Srivastava is a TMCnet contributor. She works as a full-time writer, ghostwriter and blogger, and has more than two years of experience in print and Web media. She has also worked on company brochures, website content and product descriptions, as well as proofreading and editing content. To read more of her articles, please visit her columnist page.

Edited by Rich Steeves

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