March 13, 2013
Motorola Solutions Invests in BriefCam
TEL AVIV – March 13, 2013 – Motorola Solutions, Inc. (NYSE: MSI), through its strategic investment arm Motorola Solutions Venture Capital, has announced its investment in BriefCam, the developer and provider of Video Synopsis solutions for the rapid review, analysis and indexing of surveillance video. The funds will be used to expand BriefCam’s worldwide marketing and sales activities.
BriefCam's patented Video Synopsis technology enables the rapid review of captured video – with an index to the original source, whether video feed or archival footage – for on-the-spot event tracking, forensics and evidence discovery.
BriefCam fulfills the global unmet need to browse video, investigate and identify incidents rapidly, and take action. Its award-winning Video Synopsis technology gives users the ability to review rapidly, compacting hours of events into a “brief” that takes minutes to view. The company’s customers include police, military, border control and other Homeland Security agencies, as well as security operations at municipalities, transportation authorities, building and campus security offices, retail loss prevention and more.
This investment is Motorola Solutions’ second in the Israeli market and third in the surveillance video space since 2011.
“We have been looking into various companies in the Israeli hi-tech industry, specifically in the area of public safety technologies,” said Boaz Or-Shraga, managing director, Motorola Solutions Venture Capital. “We were happy to find a great investment like BriefCam to expand our exposure in the growing video space. The substantial growth in the amount of surveillance videos created each year provides new opportunities for public safety and other industries, and we're glad to seize such an opportunity."
"BriefCam is delighted to welcome Motorola Solutions Venture Capital as an investor and strategic partner,” said Dror Irani, CEO and president of BriefCam. “It is our hope that Motorola Solutions’ experience and global presence opens new opportunities for BriefCam in areas such as public safety, safer cities and law enforcement, as well as enterprise and retail. We expect Motorola Solutions’ global presence will also assist BriefCam greatly in accelerating penetration of new geographic regions where we have not been active to date.”
About Motorola Solutions
Motorola Solutions is a leading provider of mission-critical communication solutions and services for enterprise and government customers. Through leading-edge innovation and communications technology, it is a global leader that enables its customers to be their best in the moments that matter. Motorola Solutions trades on the New York Stock Exchange under the ticker “MSI.” To learn more, visit www.motorolasolutions.com.
About Motorola Solutions Venture Capital
Motorola Solutions Venture Capital is the strategic equity investment arm of Motorola Solutions. Its diversified portfolio is focused on “new-idea” companies and opportunities that complement Motorola Solutions’ business strategy. Motorola Solutions Venture Capital invests at all stages in developing companies to accelerate access to new technologies, new markets and new talents. For more information, please visit www.motorolasolutions.com/ventures.
BriefCam®, Ltd. is the developer and provider of Video Synopsis®, an award-winning technology that summarizes hours of events into a “brief” that takes just minutes to watch, whether direct video feed or archived footage. BriefCam products interface with a wide range of DVR/NVRs, advanced IP cameras and complement existing surveillance solutions. The company's mission is to enable the Total Video Review of all footage recorded for safety and security. BriefCam is winner of the 2012 Israel HLS Technology Innovation Award, the 2011 ASIS Accolades Award - Surveillance, the 2010 IFSEC Security Industry Award - Best CCTV System Product, the 2010 Wall St. Journal Technology Innovation Award - Physical Security and others. Founded in December 2007, BriefCam, Ltd. is headquartered in Neve Ilan, Israel, operates a US subsidiary, BriefCam, Inc. and maintains sales offices in Connecticut, USA and Shanghai, China. For more information: www.briefcam.com. Updates: twitter.com/BriefCamVS.