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Motorola to Acquire
CRISNET
Purchase Will Enhance
Public Safety Software Portfolio
SCHAUMBURG, IIl., 04 November 2004
— Motorola (NYSE:MOT) has signed a definitive agreement to acquire
CRISNET, Inc., a privately-held, leading developer of advanced records
management and related systems for criminal justice and public safety customers.
The acquisition, which is subject to
CRISNET’s shareholder approvals and other customary closing conditions, is
expected to close this year. Additional financial terms of the agreement have
not been disclosed.
Headquartered in Salt Lake City, Utah, CRISNET has
developed software applications for law enforcement, justice and public safety
agencies since 1984. Among the company’s well-known applications is
CRISNET Records Management System, or NetRMS™, a web-based records
management system accessible using a secure browser-based network connection.
CRISNET Cruiser®, used in tandem with NetRMS, enables personnel
in the field to work case and incidents files from a mobile unit. Its patented
ActivePaper® application enables personnel to gather, view,
print, manage and store complex information across networks and computer
systems.
CRISNET software applications also are used for tasks
ranging from automating department workflow to analysis of community crime
patterns. The company provides a broad range of professional services including
application usability, crime analysis and investigative
assistance.
"CRISNET’s dedication to innovation and providing
law enforcement and public safety communities with the highest quality service,
software, support and training for the past two decades highly complements
Motorola’s long-standing leadership position in wireless public safety
applications,” said Greg
Brown, president of Motorola’s Commercial,
Government and Industrial Solutions Sector.
We believe CRISNET’s advanced product
portfolio will build upon Motorola’s customer and technology leadership in
public safety software applications, according to Juergen Stark, Motorola
corporate vice president and general manager.
“Not only is CRISNET a leader in
developing sophisticated records, case and document management systems with the
features public safety agencies need today, the company also brings to Motorola
an impressive law enforcement product line that includes software to manage
everything from personnel performance and evaluation to crime reporting,”
Stark said.
About Motorola
Motorola, Inc. (NYSE: MOT) is a global leader in
wireless, broadband and automotive communications technologies that help make
life smarter, safer, simpler, synchronized and fun. Sales in 2003 were U.S.
$27.1 billion. Motorola creates innovative technological solutions that benefit
people at home, at work and on the move. The company also is a progressive
corporate citizen dedicated to operating ethically, protecting the environment
and supporting the communities in which it does business. For more information:
www.motorola.com.
Business
Risks
The statements in this release that are
not historical facts are forward-looking statements based on current
expectations and involve risks and uncertainties. Such forward-looking
statements include, but may not be limited to, statements about the anticipated
timing of the transaction and the potential impact the acquisition will have on
Motorola. Motorola wishes to caution the reader that certain factors could cause
Motorola's results to differ materially from those described in the
forward-looking statements. These factors include: (i) unforeseen factors that
could impact the timely completion of the transaction on the terms described,
(ii) difficulties in integrating the operations of the newly-acquired business
and achieving strategic objectives, (iii) difficulties and delays in the
development, production, testing and marketing of acquired technologies, (iv)
the uncertainties related to introducing new technologies, including customer
acceptance of the products and technologies, (v) the ability to differentiate
our products and compete with other companies in the same markets, and (vi) the
general outlook for the economy and the telecom industry.
###
Media
Contacts:
Adrienne
Dimopoulos
Motorola,
Inc.
+1 847-576-6612
Adrienne.Dimopoulos@motorola.com
Jennifer
Weyrauch
Motorola,
Inc.
+1 847-435-5320
Jennifer.Weyrauch@motorola.com
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