Motorola Acquires Envysion

Many *********

********'* ********** *** ***** confident ***** ****** ******* companies *** ****** **** work ****** ** ********, explaining:

******** ********* *** **** acquisitive *** ***** * few *****. ** **** point, **'** ********* * good ******* *** *** only *** ** ** diligence ** **** **** you **** *** ***** strategic ***, *** **** how ** ********* ** into *** ********** ** that ** *** ******** value *** *** ************. And ****'* ********** **** this ** *** *****. The ******* ***'* ****** exactly *** ****, *** we're ****** ***** ** the *********** **'** ******.

***********:

** ** **** **** than *** ****** *&* team? ** ***'*. ** we ******* ******** ***** to *** ********? ** absolutely **. *** ********** a ***** *** ** leaders **** ** **** inside *** ************ *** making *** ***** ***** externally

*** **** ******* ************ within ***** ************ ** that ********* ******** ********* in *** **** ******** can **** ** ************, overlap, *** *********. *** Motorola **** ******* ***** companies **** *** ****-**** remains ** ** **** though ******** *** ***** clear **** **** ****** Envysion ** ******** ** focus ****** *** ***** of *-***** / *** that *** *** ******* with ***** ******** ************.

More ************ ******

******** *** ***** **** they *** *** **** and "*** ****** ******* for *************", ******* ****:

** **** ** ******** to **** ** **** space *** ** **'** always ******* ** ****** our ********.

**'** ***** **** ******* our ******** **** *** physical ******** ****. ** are ****** ******* *** opportunities, **** ******* *** through ***********, ** ********** our ******.

******** *** *********** **** flow **** *** **** radio / ************** ******** so ** ********* *** the ********* ** ******** to ** ********** ** acquisitions.

Envysion ********

*** ******* ********,********, *** **** ***** to ***** / *****,******* ** ****** ****** ****** ******* executives. ** ****** ~$** million ** *** ***** 7 ***** *** ******** moderately ******* ** *** early *****. *** *** past ******, ******** *** been ****** ******* ******** at *** *********** ***** / ***** ******* ********** (QSR) ******. *** ******* primarily ***** ***** ** a ************ **** ********** with *****-***** *******.

******** **** ******** *** ~130 ********* *** **,*** locations ***** ********'* ********.

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

** ******** ****** ******* in *** *** **** of ******** ** ******* and ** *********** ***** in *** $*** ** $200 ******* *****. ******** is *** ********** ***** metrics **** *** ************ but **** ****** ** disclosed ** ** ******** 10Q ** ** ******** call. ******* ** ***** on *** **,*** ********* at ~$*,*** * **** licensing *** *** ********* based ** **** ********* that **** ********** *** receiving *********. **/**** ******** discloses, ** **** ******.

Focusing ******** ** *-***** / ***

******** ********* *** ***** on ******** ******** *** specifically ********** ***** ******** for *** ***** ******** operates **:

****'** *********** ** **** outcome **** ****'** ******* for ** ***** ** improvement ** **** ********** metrics *** *********** ****** the *****, ********** **** cleanliness ** **** ******* time ****** *** **********. I ***** **'* ********* to **** ** ******** as **** ** * software ** * *******, analytics, *** ***** ** sale *********** *****. ****'* what *** ********* *** buying.

****** ******* ******* ********* and ***, *********** **** Envysion ***** **** ******* on ******* ***********,********** *** *********, ***** ********, ***.

Adding ********* *** ******** ******** ****** *******

******** **** **** ** add ******** (*.*., ********) camera ******* ** ********* and **** ******* ** add *** *** ********* to ********* ******:

**'** **** ***** **** to ****** ** ** leverage ***** ** ************ across *** ***** ********* and ***** ***** **** the ***** ******

* ***** **** *********** absolutely ****** ****** ******** to ******* *** ******** with **** ****** ************** capabilities *** **** ******** search ************

*** ********* *** *********** camera ***** ** ****** a ****** ******* ****** for ******** / ********* though *** ********* *** adding ** ******** ********* might ** **** *********** given *** *******'* ********** strong ******** ** **** growing ******.

Selling ********** *** ******

*** ********* ******* ** Envyision ** **** *** company ************* ***** ****** to *** *****, ********* that ******** ***** ** continue ** **, ****** differences ** ******/********* ******** within **** ********. ********, Motorola ***** ** **** Envysion ******** ** ** sold ** * ******** sales **** **** **** of ******** ** **.

Management **** ******

********, ******** **** ** is ********* ************* **** **** ********, ***** ***** **** its ******* **** ****:

Outlook ********

** ******* **** ******** will **** ********* ****. Our ********** ** **** Envysion *** **** ********** restrained ** ********** ** the **** *** ***** and, *** ********, ******** decreased ********** **** *** last * *****. ********'* greater ********* ****** **** Envysion ****** **** ********* Motorola's ***** ****** ** improve ********'* *********** ***********.

**** *****, ***** ********'* approach, ** ** *** expect ******** ** ****** a *******, **********, ***** surveillance ******** ** ******* is ****** ** ** primarily ******* ** ******** a ****** *-***** / QSR ********. *** ***** they **** **** **,*** locations ********* ** * market **** * *** hundred ******** ** ********* (e.g.,*,*), **** **** ** opportunity ** ****.

Motorola *********

*** **** *********** ********* questions *** *** *** does ******** **** ** video ************ *** *** good ** *** **** do ** **. ********* multiple ********* ** *** space ** ********* *** unheard ** (*.*., ***** with**** (****),********* (****), *********** (****)) *** *** **** and *** ****** ** acquisitions ******** ** ****** are.

* **** ** *** from ***, ******** ***** own **** * ***** or **** ***** ************ companies. ** *** **** side, ** ***** ******* scale **** ********* ** one **** *** ***** (outside ** *****) *** it ***** **** ******* atypical *********** *** ********** problems.

Vote / ****

UPDATE: ******** **** *********, ******** ***** ** ****

******** ************ *** **** Hikvision ********* **-**** ** part ** ***** ********. Motorola *** **** **** "plan ** ************’* ******** ** ****-********* equipment."

******** *** ******** ********* products ** ***** ******* to *** ******** *********:

***: