Motorola sells point-to-point, point-to-multipoint businesses to private equity

Motorola Solutions Inc. (MSI) is selling its point-to-point and Canopy point-to-multipoint business to private-equity firm Vector Capital for an undisclosed price. Motorola said it will continue to buy wireless broadband products from Vector as it supplies public-safety and federal agencies with wireless solutions.
Vector, for its part, said it will rename the company Cambium Networks and operate it as a stand-alone business. The transaction could be completed as early as the end of September. Phil Bolt, VP of Wireless Network Solutions for Motorola Solutions is set to become CEO of Cambium Networks. Bolt has extensive experience in the wireless broadband industry. The PTP and PMP senior management, sales, supply chain, technical support, product management, marketing, and research and development teams also are set to transfer to Cambium Networks.
Motorola CEO Greg Brown said the sale further streamlines its Solutions portfolio, while Vector noted the business will be “well-funded and positioned to benefit from a more tailored focus and agile organizational structure.”
Motorola’s PTP and PMP businesses use license and unlicensed spectrum to offer wireless broadband access. Earlier this year, staff from Barry University in Miami Shores, Fla., explained how they deployed a wireless network as part of their campus communications network using a combination of Motorola Canopy and Aruba Networks equipment. Canopy equipment is also popular among wireless Internet service providers, especially in rural areas where spectrum is not so congested.