M&A Deal Summary

Motorola Solutions Acquires Rave Mobile Safety

On December 14, 2022, Motorola Solutions acquired software company Rave Mobile Safety from TCV

Acquisition Highlights
  • This is Motorola Solutions’ 8th transaction in the Software sector.
  • This is Motorola Solutions’ 27th transaction in the United States.
  • This is Motorola Solutions’ 2nd transaction in Massachusetts.

M&A Deal Summary

Date 2022-12-14
Target Rave Mobile Safety
Sector Software
Buyer(s) Motorola Solutions
Sellers(s) TCV
Deal Type Add-on Acquisition

Target

Rave Mobile Safety

Framingham, Massachusetts, United States
Rave Mobile Safety is a safety software partner, provides critical communication and data platform to education and healthcare institutions, enterprises and state and local public safety agencies. Rave Mobile Safety was founded in 2004 and is headquartered in Framingham, Massachusetts.

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Buyer(S) 1

Buyer

Motorola Solutions

Chicago, Illinois, United States

Category Company
Founded 1928
Sector Technology Hardware
Employees21,000
Revenue 10.0B USD (2023)
DESCRIPTION
Entrance to Motorola Solutions' corporate campus in Schaumburg, Illinois.
Entrance to Motorola Solutions' corporate campus in Schaumburg, Illinois.

Motorola Solutions designs, manufactures, and sells communications infrastructure, devices, system software and applications, and provides services associated with their use. Motorola Solutions was founded in 1928 and is based in Chicago, Illinois.


DEAL STATS #
Overall 37 of 41
Sector (Software) 8 of 10
Type (Add-on Acquisition) 33 of 37
State (Massachusetts) 2 of 2
Country (United States) 27 of 28
Year (2022) 6 of 6
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2022-10-25 Futurecom Systems Group

Concord, Ontario, Canada

Futurecom Systems Group is a provider of radio coverage extension solutions for public safety agencies. The group designs and manufactures in-vehicle, fixed, and portable radio frequency (RF) repeaters and extenders exclusively for Motorola Solutions. These complementary products are critically important to public safety agencies, serving as vital communication “hotspots” to extend and enhance land mobile radio coverage across vast and remote areas without nearby radio towers. Futurecom Systems Group is based in Concord, Ontario.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2023-12-18 IPVideo

New York, New York, United States

IPVideo is a provider of surveillance recording solutions. IPVideo’s worldwide client base is served by a network of certified distributors, dealers, and system integrators, who benefit from ongoing corporate support and training. IPVideo was formed in 1996 and is based in New York City.

Buy -

Seller(S) 1

SELLER

TCV

Investor Investor Investor Investor Investor


Category Private Equity Firm
Founded 1995
PE ASSETS 21.0B USD
Size Mega
Type Sector Focused
DESCRIPTION

Technology Crossover Ventures (TCV) is a private equity and venture capital firm focused on investments in growth technology companies. TCV looks to provide capital for growth, recapitalizations, acquisitions, and buyouts of technology companies in sectors such as internet, financial technology, infrastructure & communications, and software. TCV targets opportunities in North America and looks to commit between $10 and $500 million of equity capital per transaction. TCV was formed in 1995 and is based in Palo Alto, New York City, and London.


DEAL STATS #
Overall 81 of 84
Sector (Software) 22 of 23
Type (Add-on Acquisition) 43 of 43
State (Massachusetts) 5 of 5
Country (United States) 71 of 73
Year (2022) 3 of 3
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2022-11-01 OneSource Virtual

Dallas, Texas, United States

OneSource Virtual is a provider of Workday Services, Solutions, and Products. OSV operates in North America and Europe to deliver outcomes that boost productivity, improve compliance, and increase internal capacity for over 1,300 customers around the world. OneSource Virtual HR was founded in 2008 and is based in Dallas, Texas.

Sell -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2023-07-26 FinancialForce

San Jose, California, United States

Certinia is a cloud ERP and PSA provider. FinancialForce offers customer-centric business applications on the leading cloud platform from Salesforce. Certinia was founded in 2009 and is based in San Jose, California.

Sell -