Motorola Solutions to acquire software firm Spillman Technologies
Motorola Solutions plans to absorb the safety and law enforcement software company Spillman Technologies. In a recent press release, both companies outlined the advantages of the deal, which will likely close before the end of the year for undisclosed terms.
According to this release, a key element of the technology acquisition is Motorola's desire to broaden its customer base. Since Spillman mainly markets to "small and medium-sized public safety agencies," it can grant its new owner more presence in this area, as well as new software specific to this market.
The company's President and CEO, Lance Clark, said that customer referrals make up a large amount of their business, again putting this advantage in the spotlight.
"We are excited about the opportunities that Motorola Solutions and Spillman have together to expand the reach of these solutions to even more U.S. agencies and ensure our customers continue to benefit from the high-quality software and services they've come to expect," Clark said.
Earlier this month, NASDAQ reported on the progress of Motorola's stock value. While it acknowledged that the company faced risks in the future and is still behind its 2013 level of revenue, the site also said that Motorola has reached "a nine year high," in their words, in terms of trading value. It has also reportedly built on strong earnings from earlier this year.
Spillman has also been noted for growth. This March, the company announced its "record" 2015 growth in its own press release. This statement noted that Spillman's 2015 revenue was 27 percent higher than that of the previous year, and that 598 agencies were using the Spillman CAD platform as of 2015.
In addition, Spillman has reportedly grew both its workforce and its customer base by 17 percent during the same year.