M&A Deal Summary

Motorola Solutions Acquires Theatro Labs

On January 10, 2025, Motorola Solutions acquired internet software and services company Theatro Labs from Sageview Capital

Acquisition Highlights
  • This is Motorola Solutions’ 8th transaction in the Internet Software and Services sector.
  • This is Motorola Solutions’ 29th transaction in the United States.
  • This is Motorola Solutions’ 4th transaction in Texas.

M&A Deal Summary

Date 2025-01-10
Target Theatro Labs
Sector Internet Software and Services
Buyer(s) Motorola Solutions
Sellers(s) Sageview Capital
Deal Type Add-on Acquisition

Target

Theatro Labs

Richardson, Texas, United States
Theatro Labs is a voice-driven virtual assistant that connects frontline employees to each other, to leadership, and to critical enterprise applications and IoT-enabled equipment. Theatro Labs was established in 2011 and is based in Richardson, Texas.

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Buyer(S) 1

Buyer

Motorola Solutions

Chicago, Illinois, United States

Category Company
Founded 1928
Sector Technology Hardware
Employees21,000
Revenue 10.8B USD (2024)
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 42 of 43
Sector (Internet Software and Services) 8 of 9
Type (Add-on Acquisition) 38 of 39
State (Texas) 4 of 5
Country (United States) 29 of 30
Year (2025) 1 of 2
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2024-11-04 3tc Software

Leicester, United Kingdom

3tc provides control room software solutions for Fire and Rescue Services and Police. The company's computer-aided dispatch (CAD) software is designed to maximize 999 call-taker speed and efficiency in high-stress environments. The single-screen software gathers and synthesizes critical data that enables call takers to display the real-time location of the caller and the closest emergency responders to more quickly dispatch help to those in need. 3tc is based in Leicester, United Kingdom.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2025-02-23 RapidDeploy

Austin, Texas, United States

RapidDeploy is a developer of a web-based cloud platform that includes analytics, mapping, dispatch and first responder applications. RapidDeploy was founded in 2014 and is based in Austin, Texas.

Buy -

Seller(S) 1

SELLER

Sageview Capital

Palo Alto, California, United States

Investor Investor Investor Investor Investor


Category Growth Capital Firm
Founded 2005
PE ASSETS 2.0B USD
Size Large
Type Sector Agnostic
DESCRIPTION

Sageview Capital is a private investment firm focused on minority investments in financial services, technology, and business services companies. Sageview looks to invest $20 to $100 million per transaction to support growth, provide acquisition financing, or fund shareholder liquidity needs. Target companies typically possess proven business models, strong management, opportunities for growth, and defensible market positions. Sageview Capital was formed in 2005 and has offices in Palo Alto, California and Greenwich, Connecticut.


DEAL STATS #
Overall 18 of 18
Sector (Internet Software and Services) 2 of 2
Type (Add-on Acquisition) 6 of 6
State (Texas) 4 of 4
Country (United States) 15 of 15
Year (2025) 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2024-08-07 Drivewyze

Edmonton, Alberta, Canada

Drivewyze is a smart mobility services company for the transportation industry. Drivewyze serves commercial drivers and fleets with innovative trucking apps such as Drivewyze PreClear Bypass service. Drivewyze was founded in 2010 and is based in Edmonton, Alberta.

Sell -