US vendor Motorola Solutions has agreed to sell two of its wireless broadband units to San Francisco-based PE firm Vector Capital for an undisclosed sum.
The two units involved are the so-called Orthogon and Canopy wireless broadband network systems,…
US vendor Motorola Solutions has agreed to sell two of its wireless broadband units to San Francisco-based PE firm Vector Capital for an undisclosed sum.
The two units involved are the so-called Orthogon and Canopy wireless broadband network systems, which provide Point-to-Point (PTP) and Point-to-Multipoint (PMP) technology respectively.
Vector Capital plans to operate the two businesses as a single company, Cambium Networks.
The current VP of wireless network solutions for Motorola Solutions, Phil Bolt, will take over as CEO of Cambium Networks.
Vector Capital describes itself as a “value investor in established technology companies” and says it specialises in spinouts, buyouts and recapitalisations of these businesses.
Motorola Solutions produces a range of communications networks, applications and services, mainly directed at businesses and government agencies. These include areas like public safety communications and fleet management technology for freight companies.
The former vendor Motorola demerged in January into Motorola Solutions and Motorola Mobility, the mobile handset business.
Google announced last week that it had agreed to acquire Motorola Mobility for US$12.5bn.
