Cultivating and Funding New Ventures a Key to Motorola Solutions Innovation Strategy
March 14 2011 - 9:00AM
Business Wire
Motorola Solutions, Inc. (NYSE:MSI), through its strategic
investment arm Motorola Solutions Venture Capital (formerly
Motorola Ventures), expects to gain a competitive advantage by
cultivating new technology innovation. The venture capital group
currently manages 20 portfolio companies and plans to invest in 5-6
more start-up companies in 2011.
KEY FACTS
- Motorola Solutions Venture Capital has
a solid track record of assisting start-up companies while gaining
access and visibility to innovative solutions in new markets.
- The group’s investment priorities for
2011 focus on technologies that support the company’s public safety
and enterprise mobility businesses, such as mobile computing, cloud
computing, video and video analytics, retail experiences and
analytics, RFID-enabled solutions and security.
- Motorola Solutions Venture Capital
recently invested in ViVOtech Inc, the near-field communication
(NFC) software and systems company. ViVOtech enables enriched
mobile commerce solutions for in-store payment, loyalty, marketing
and merchandising.
- Merchants as well as payment, mobile,
web and advertising companies use ViVOtech’s solutions to enhance
customer experience and grow their businesses.
- The Motorola Solutions Venture Capital
investment is expected to help support and accelerate the
development and deployment of ViVOtech’s NFC mobile commerce
solutions and provide the key building blocks of the NFC ecosystem
worldwide.
SUPPORTING QUOTE
Michael Annes, corporate vice president, business development
and ventures, Motorola Solutions
“Investing in start-up companies is an important part of
Motorola Solutions’ innovation strategy. This year, our venture
capital team is hitting the ground running with a portfolio of 20
start-ups and 10 venture funds and expects to invest in an
additional five to six companies. We look forward to funding
companies that complement the customer-focused innovation that is
going on at Motorola Solutions.”
About Motorola Solutions Venture Capital
Motorola Solutions Venture Capital is the strategic equity
investment arm of Motorola Solutions. Its diversified portfolio is
focused on “new-idea” companies and opportunities that complement
Motorola Solutions’ business strategy. Motorola Solutions Venture
Capital invests at all stages in developing companies to accelerate
access to new technologies, new markets and new talents. For more
information, please visit www.motorolasolutions.com/ventures.
About Motorola Solutions
Motorola Solutions is a leading provider of mission-critical
communication products and services for enterprise and government
customers. Through leading-edge innovation and communications
technology, it is a global leader that enables its customers to be
their best in the moments that matter. Motorola Solutions trades on
the New York Stock Exchange under the ticker “MSI.” To learn more,
visit www.motorolasolutions.com. For ongoing news, please visit
our media center or subscribe to our news feed.
MOTOROLA, MOTO, 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. © 2011 Motorola Solutions,
Inc.
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