Motorola to Acquire AirDefense, a Leading Wireless LAN Security Provider
Transaction to Enhance Motorola’s WLAN Offering through AirDefense’s Best-of-
Breed Technology and Proven Go-to-Market Team
Motorola’s Common Platform Solution to Provide Protection to Wireless LAN Users Making All-Wireless Enterprise an Even Greater Reality
SCHAUMBURG, IL 28 July 2008 — Motorola, Inc. (NYSE: MOT) today announced that it has signed a definitive agreement to acquire privately held AirDefense, a leading wireless LAN (WLAN) security provider. Terms of the transaction were not disclosed.
AirDefense is a privately-held developer of Wireless Intrusion Prevention Solutions (WIPS) and premium software applications, which enable corporations to secure their networks against wireless security threats and comply with regulatory and industry standards. AirDefense has been an innovator and a leader in the industry since its inception in 2001, including the introduction of the first 24x7 Monitoring and Wireless Intrusion Detection System, the first use of access points as sensors and a host of add-on modules that address customer specific security problems and RF troubleshooting needs. In addition, AirDefense enables secure multi-vendor environments, which allows organizations to benefit from AirDefense’s solutions regardless of their WLAN infrastructure.
“As wireless security remains a leading concern for enterprises, we are excited to announce this transaction with AirDefense, which enables Motorola to deliver a common platform solution for greater indoor and outdoor protection to wireless LAN networks in support of our all-wireless enterprise vision,” said Kathy Paladino, president of Motorola’s Enterprise Mobility business. “AirDefense is a renowned pioneer in wireless security with strong intellectual capital. Based on our trusted and valuable partnership through the years, we are confident that the combination of Motorola’s WLAN infrastructure and AirDefense’s best-of-breed features will further enhance our network security offerings and better secure our customers’ networks.”
“AirDefense complements Motorola’s Enterprise business and Motorola is the ideal partner to help us take our wireless LAN security products and services to the next level,” said Mike Potts, president and chief executive officer of AirDefense, “We look forward to working with Motorola’s talented professionals and utilizing the strengths of a global industry leader to achieve even greater success.”
"WIPS solutions have gained significant traction as Wireless LANs have become pervasive in industries from the federal government to financial services,” said Sujai Hajela, vice president and general manager, Motorola Enterprise Wireless LAN division. “Industry compliance requirements such as Payment Card Industry Data Security (PCI DSS) and heightened security awareness have fueled the need for comprehensive compliance, enforcement, forensics and reporting, which is offered by AirDefense solutions. This transaction is a tremendous opportunity for Motorola to enhance its WLAN portfolio by utilizing AirDefense’s relationships and further integrating WIPS security solutions into our WLAN infrastructure offering. Together, we are a leader in helping businesses truly realize the vision of a secure and reliable all-wireless enterprise.”
Upon completion of the transaction, AirDefense will become a wholly owned subsidiary of Motorola and will be integrated into Motorola’s Enterprise Mobility business. Motorola intends to maintain AirDefense’s Alpharetta, Georgia headquarters, which will be an integral component of Motorola’s WLAN operations. The acquisition, which is subject to regulatory and other customary conditions, is expected to close in the next few months.
AirDefense is the market leader in anywhere, anytime wireless security. The company is trusted by more Fortune 500 companies, healthcare organizations and high-security government agencies for enterprise wireless protection than any other company. AirDefense products provide the most advanced solutions for rogue wireless detection, policy enforcement and intrusion prevention, both inside and outside an organization's physical locations and wired networks. Common Criteria-certified, AirDefense enterprise-class products scale to support single offices as well as organizations with hundreds of locations around the globe. Founded in 2001, AirDefense is based in Atlanta, GA and serves nearly 700 government agencies and blue chip corporations. For more information, please visit http://www.airdefense.net or call 770.663.8115.
Motorola is known around the world for innovation in communications. The company develops technologies, products and services that make mobile experiences possible. Our portfolio includes communications infrastructure, enterprise mobility solutions, digital set-tops, cable modems, mobile devices and Bluetooth accessories. Motorola is committed to delivering next generation communication solutions to people, businesses and governments. A Fortune 100 company with global presence and impact, Motorola had sales of US $36.6 billion in 2007. For more information about our company, our people and our innovations, please visit http://www.motorola.com
Certain statements contained in this press release, including the expected timetable for completing the proposed transaction between Motorola and AirDefense, future financial and operating results, benefits and synergies of the transaction, future opportunities and offerings for the combined company and products, any other statements regarding Motorola’s or AirDefense's future expectations, beliefs, goals or prospects, and any statements that are not statements of historical facts might be considered forward-looking statements. While these forward-looking statements represent managements’ current judgment of future events, they are subject to risks and uncertainties that could cause actual results to differ materially from those stated in the forward-looking statements. Important factors that could cause actual results or events to differ materially from those indicated by such forward-looking statements, include: (i) the parties’ ability to consummate the transaction; (ii) the conditions to the completion of the transaction may not be satisfied, or the regulatory approvals required for the transaction may not be obtained on the terms expected or on the anticipated schedule; (iii) the parties’ ability to meet expectations regarding the timing, completion and accounting and tax treatments of the transaction; (iv) the possibility that the parties may be unable to achieve expected synergies and operating efficiencies within the expected time-frames or at all; (v) Motorola’s ability to successfully integrate AirDefense's operations into those of Motorola and the possibility that such integration may be more difficult, time-consuming or costly than expected; (vi) revenues following the transaction may be lower than expected; (vii) operating costs, customer loss and business disruption (including, without limitation, difficulties in maintaining relationships with employees, customers, clients or suppliers) may be greater than expected following the transaction; (viii) the retention of certain key employees at AirDefense; (ix) the inability to protect either party’s intellectual property rights may weaken its competitive position; (x) the general outlook for the economy and the telecom industry; (xi) the other factors described in Motorola’s Annual Report on Form 10-K for the year ended December 31, 2007 and its subsequent reports filed with the SEC. Motorola and AirDefense assume no obligation to update or revise any forward-looking statement in this press release, and such forward-looking statements speak only as of the date hereof.
Kristin K. Callaway
AirDefense Public Relations