Motorola Paid $124 Million For Envysion

By John Honovich, Published Nov 05, 2021, 08:34am EDT

A 15-year old company that most, even within video surveillance, have never heard of was acquired by Motorola for $124 million.

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This is more than Motorola paid last year for Pelco and follows Motorola 4 months ago acquiring OpenPath, which had very little revenue, for $297 million.

Inside this note, we examine what lessons this shows for those investing in video surveillance and projecting the future of the industry's competitive dynamics.

Revenue *** *********

******** ************* ******** *** $** million ** ****** ********* revenue *** **** **** paid $*** ******* *** the *******.

*'** *** ***** ** Envysion. ****'* ************* $** million ** ********* *******.

** ******** ********, * leader ** ********** ***** security *** ******** ********* for $*** ******* *** of ****.

**** ***** ******** **** Motorola **** ***** ******** being * ****** ** the ******* ****** *** whether ** ** * bad **** ** ******* question.

5x ******** ** ***

******** **** ~* ***** the *******'* ****** ********* revenue. *** **** **********, this ** *** ********** a **** **** ********, especially ** *****'* ******. However, ******** ** *** a ****-****** ********.

Envysion ******* ******** ****

***** ******** *** *** disclose ********'* ******* ****** rate, ******** ********** ********** for ******** ***** * company *** ******** ********* over *** **** * years:

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****, *** ******** **** significant **** ***-***** (*.*., November **** - *** employees ********* ** *** in ******** **** ****** COVID *******).

**** ** *** ******* of * ******* ****, at ****, *** *** been ******* ******* *************.

Pelco **********

***** *****'* ****** ******* is ******* ** ****** than **** ** ********, Motorola **** **** *** Envysion ($*** *******) **** they *** *** ***** ($110 *******).

*** **** *** ******* for *** *********** *** (1) ********* ***** ********* revenue **** ****** **** non-recurring ******* ***** *** (2) *****'* ******* *** been *** ********* *** years.

OpenPath **********

***** ******** **** ~** for ********, **** **** far ******* *********,~***, *** ********(****** ******* ~$** *******, valuation $***).

*** **** ******* *** the *********** *** (*) OpenPath ** * ****-******* business *** (*) ******** has * ****** *********** market (********** ****** ******* horizontally ** ********'* ******** focus ** *-***** / QSRs).

********

**** ********* *** ** be ********. *********, ** expected ** **** ************* *** **** ******** that:

** ******** ****** ******* in *** *** **** of ******** ** ******* and ** *********** ***** in *** $*** ** $200 ******* *****.

**** ** * ******** of *** ***** **** for ******** ******** ************ businesses.

*** *** ******* ******* up **********, *.*.,*********, * ****-*** **** company ****** $** ********** **** *** ********* of ******* *** **** employees **** ****, **** they ********* ****, ** what **** ******* **** focus **.

** ** *****, **** is *** **********. ***** some *********** *** ****, the ******* ****** ** sensible. **** ********* **** less ******** ******* ***, in *** **** ****, are ****** ** ******** higher *** ******** **** flow *****, *** ******** valuation ****** ** **********.

Valuation ******

********'* ***** (**** ******** and *** ********) **** set ********* ************ *** other ******* ** *** market. ** ******** ********** noted ** **, *** many ********* ***** **** should *** *** **** valuation ** ********, ******** or ***. ********'* **** will *** ** **** positioning ** ******** ** a **** *****, ***** growth ********.

***** ** ******* ****** are ********* *** ******** disclosed, ********'* ***** *** and *** *** ***** as * ********* *** comparing *** *********** ****** deals.

** ***, **** **** help ******* ****** ********** for ***** ** *** next *** *****.

Motorola *******

****** *** ********, ***** has ********** **** ******* that ******** ** ****** too **** *** ***** deals. *** **** *** turn *** ** ** the ****. ********'* ********* though ** **** ** plugs ***** ************ **** its ******* ******* **** has *** ********* ** improve ***** (******* *** large ***** ************) *** improve *** ******* (** integrating ** **** *** much ****** *&* ************).

*** *** *** ** these **** **********, ** / **** **** ** reach **********, **** **** the **** ********* ** generate ******** **** ***** (even ** ************* ***** revenue *****) ** **** businesses **** ****** ** other *******.

Vote / ****

Comments (17)

***** **** * *** deal *** * ******* that **** ****** *****'* even ***** **!

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**** ****** ******* **** sell ** *** ***** directly.

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**** **** **** **** large **** **** ****** - ****'** ******* ******** is ****** ** *** user. * ***** **** is * *** *** Motorola ** * ***** to ******* *** ****** vertical. ***** ** * nice ******** ** **** integrate **** **** ***** surveillance ********* *** ***** way.

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********* ****** * ******* different ******** **** **** Moto ********* *****. ** will ** *********** ** Hikvision ** ****** *** of *** ****, ** and *** **** ******* other ********* **.

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* ***** ********** ****'* be ****** **** ****! I'm ******** ** *** it's * *** ****, but *'* *** ****** seeing *** ******** ******** must ** ** ***** $124m.

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******** ***'* ** *** hard ** **** ***** money **** ****** * -4 *****. *** * bad ****.

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** *-* ***** **** will ******** ******** **** in ******* *** *** in ******* ** **** flow, *** / **?

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$*** ******* *** $** million ** ******* **** 20,000 ******** ******* ** a ******* **** ****'* have *** **** ***. This ** **,*** ********* they *** *** **** direct *****/******** ******* ***. As ********** **** **** Hikvision *******, **** ** untouched *******. **** ***** customers ***** ** *** near/long ****, *** *** talking ******** ** ******* of ***** *******. ** you *** ** **** is * ***** *** for ***. **** **** managed ** ******** *****. Combine **** **** *** potential *** ***, ** could *** ******* ****** to ** ******** *** - ********** **** ******* in *** **** ****.

*** ******* *** **** potential - ***** **** for *** ** ** books.

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** *** **** **** they ****** * *** shop ******** ********* ***** value ******* *** **** own *** *** ******* customers?

***********.

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*** *********** *** *** replace *********, ***** ** the *********** ********* ** the *********** ** **** an *** *** ***** entail. ******* * ****** like ************, ****'** ****** a ******** **** ** OEM ***** ******* ***. Which ** *** **** 20,000 *********, **** ***** are ******* *********, *** add * **** ****** of ******* *********. ** on ******* ***** ********* open * ****** *% more ****** ** *** talking ****** ***** ** $15 *** ** *** revenue. **** **** **** MSI ******* ** **** and **** * ******** I ***** *** **** revenue ******* ********* **** cameras *****.... ** **** can *** ***** ****** chain **** **.

**** *** **** **** IndigoVision ***'* *** *** the ******'* ****** **** with ********. *************** ***'* ******** ***** Dahua

* *** *** **** paying ****** *** **** fast.

**** **** *** ********...*** ban ****** ***** ****** if **** **** ********-** *********** ***. **** *** this * *** ****** after **** ********* ************.

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***** ** *** **** 20,000 *********

***** ** ****, ******** said **,*** ********* ** surely *** ****** ** customers ** *** **** than **,***. * ** agree ***** *** ********* for ******* / ********** / ************.

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********* ** * ********** I've ****** ******* ** customers ** ********. ** I *** **,*** ********* as **,*** ********.

*********** ** **** ***, they ***** **** **** 20,000 ********* **** ***,*** cameras. **** ******* ** an ******* ** *.** cameras *** *******.

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**** ******** ***** **** supporting/connecting ***,*** *******. * did *** *** **** before *** ** ** listed ** * *** places ******.

~** *** ******** ***** sense ***** ***** ***** on *-****** / ***.

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** **** ******* ******** when * ********’* **** end *****, *** **** still ****** *** ************?

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******** ****** **** ** costumer **** **** **** deal, ********** ******, ***. that ** *** **** pair * ***** ****** of *****.

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*** **** **** ***** EBITA ***?

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**** *** *** ********* in *** ******** ******** documents ** ***.

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