Tuesday, August 23, 2011

Vector Capital Buys Two Units From Motorola

San Francisco-base private equity firm Vector Capital said today that it has agreed to acquire two units from Motorola Solutions. The two said that Vector Capital will acquire Motorola Solutions' Point-to-Point (PTP or Orthogon) and Point-to-Multipoint (PMP or Canopy) Wireless Broadband Networks businesses. Financial details of the acquisition were not disclosed. Vector said the two will become part of a new, standalone company called Cambium Networks. The new firm will be headed by CEO Phil Bolt, previously VP Wireless Network Solutions for Motorola Solutions.