Shea & Company Advises Rave Mobile Safety on its Acquisition by Motorola Solutions
Rave Mobile Safety Profile
- Rave Mobile Safety, a portfolio company of TCV, is a leading provider of a mass notification and incident management platform that helps organizations and public safety agencies communicate and collaborate during emergencies
- Rave’s cloud-native, customizable platform enables approximately 6,500 customers across state and local governments and enterprises, including schools, higher education institutions and hospitals to communicate operational updates and alerts with community members, employees and public safety agencies
- During emergencies, Rave’s panic button solution can immediately provide real-time incident details and essential data such as location to 9-1-1 call takers and first responders
- Rave Mobile Safety was founded in 2004 and is headquartered in Framingham, MA with more than 200 employees
Motorola Solutions (NYSE: MSI) Profile
- Motorola Solutions is a global leader in public safety and enterprise security
- Motorola’s offerings in land mobile radio communications, video security & access control and command center software, bolstered by managed & support services, create an integrated technology ecosystem to help make communities safer and businesses stay productive and secure
- Motorola Solutions was founded in 2011, following the spinoff of the mobile division of Motorola, Inc., and is headquartered in Chicago, IL with offices worldwide
TCV Profile
- TCV provides capital to growth-stage private and public companies in the technology sector
- TCV has invested over $17 billion in leading technology and tech-enabled companies through over 145 IPOs and strategic acquisitions
- TCV was founded in 1995 and is headquartered in Menlo Park, CA, with offices in New York and London
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Rave and Motorola Solutions share a deep understanding of communication and collaboration workflows for customers, including the essential role of mobile technology, when addressing complex and evolving safety challenges. We’re excited to extend our reach and impact as we join a global leader in public safety and enterprise security.
Todd Piett
CEO, Rave Mobile Safety
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Motorola Solutions’ technologies strengthen the critical intersection of public safety and personal security. Our acquisition of Rave complements our portfolio with a platform specifically designed to help individuals, businesses and public safety agencies work together in more powerful ways
Greg Brown
Chairman and CEO, Motorola Solutions
- Motorola Solutions’ acquisition of Rave was closed on December 14 2022; financial terms were not disclosed
- Shea & Company served as the exclusive financial advisor to Rave and TCV on the transaction