SCHAUMBURG, Ill. and NEWARK, Calif. – Oct. 1, 2012– Motorola Solutions, Inc. (NYSE:MSI), through its strategic investment arm Motorola Solutions Venture Capital, has invested in SST, Inc., provider of ShotSpotter™, the industry leading solution for wide-area acoustic surveillance and gunfire location, alert and analysis technology and services. ShotSpotter solutions, including the hosted, subscription-based service ShotSpotter Flex℠, are the only wide-area acoustic surveillance gunshot detection, alert and analysis solutions in the world. ShotSpotter delivers critical gunfire data and actionable information that public safety and law enforcement agencies need to quickly and safely respond to gunfire incidents. Additionally, the technology enables these agencies to proactively develop effective problem-oriented, data-driven policing strategies and tactical operations using real-time intelligence provided by ShotSpotter. Motorola Solutions’ investment will be used to expand the usage of ShotSpotter by law enforcement agencies throughout the United States and globally in advancing next-generation 911 (NG911) capabilities and initiatives.
Motorola Solutions joins major existing SST investors Lauder Partners, Levensohn Venture Partners, Claremont Creek Ventures, CityLight Capital and The Westly Capital in this new financing of $12 million for SST. Motorola Solutions’ investment includes a North American reseller agreement between Motorola and SST that will support the expansion of NG911 services and technologies to law enforcement agencies throughout North America.
“Technology such as SST’s ShotSpotter™ provides public safety agencies the crucial information they need to efficiently respond to incidents, investigate more effectively and use the data analysis to create improved strategies and deployments,” said Reese Schroeder, managing director of Motorola Solutions Venture Capital. “For a technology company dedicated to helping people be their best in the moments that matter, this investment is a natural fit that has the potential to benefit public safety agencies around the world.”
“The negative impact of gun violence continues to challenge far too many communities throughout the world, and law enforcement agencies and city hall leadership are compelled to respond to better protect their communities,” said Ralph A. Clark, president and CEO of SST, Inc. “The gunfire data and analysis provided by SST provides unique and valuable situational intelligence and is a crucial component in helping police and law enforcement be more proactive in addressing gun violence incidents. We’re excited to partner with Motorola Solutions in bringing this technology innovation to more law enforcement agencies and integrating that valuable information into their public safety and NG911 initiatives.”
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.
About SST, Inc.
SST, Inc. is the world leader in gunshot detection, and its ShotSpotter solutions are the leading gunfire alert and analysis solutions. Its public safety technology solutions are focused on improving public and community safety by locating gunfire and other explosive events, and ultimately, helping reduce and prevent gun violence and improving intelligence-led policing and community policing initiatives. SST solutions protect cities and countries around the world, with more than 80 installations in four countries and in more than 70 U.S. cities. Privately held, the company possesses a multitude of patents that are the result of nearly two decades of innovation in the area of acoustic gunshot location technology. Information about SST and ShotSpotter can be found at www.sst-inc.com or www.shotspotter.com. You can also follow SST and ShotSpotter solutions on Twitter, Facebook, LinkedIn and YouTube.
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