Motorola Solutions (NYSE: MSI), a provider of mission-critical communication solutions and services, has entered into an agreement to acquire Kodiak Networks, a privately held provider of broadband push-to-talk (PTT) for commercial customers, the company said.
The terms of the transaction were not disclosed.
The acquisition agreement is subject to customary closing conditions and is expected to close later this year.
Kodiak partners with mobile network operators globally to offer its cloud-based PTT solution and management platform, which delivers clear, reliable, instant performance over 4G LTE, Wi-Fi, and 3G networks.
The acquisition of Kodiak adds a complementary, carrier-integrated PTT-over-cellular solution to Motorola Solutions´ existing WAVE PTT portfolio, which today includes solutions for high-performance PTT and flexible, “over-the-top” broadband PTT.
WAVE connects disparate networks to enable communication between smartphones, radios and computers via wireless or wireline broadband. It also reflects Motorola Solutions´ strategy to build its communications and collaboration software portfolio, and establish stronger annual recurring revenue streams.
Kodiak was founded in 2001 and is headquartered in Plano, Texas.
Motorola Solutions (NYSE: MSI) creates innovative, mission-critical communication solutions and services that help public safety and commercial customers build safer cities and thriving communities.