Motorola Solutions acquires RapidDeploy following Edison Partners' strategic exit
Motorola Solutions acquires RapidDeploy following Edison Partners' strategic exit
Edison Partners made an initial $20M growth investment in 2023. “We are so pleased with the growth trajectory and strategic opportunity for RapidDeploy after making our initial $20M growth investment in 2023. We recognized that RapidDeploy had a unique ability to lead in a historically challenging space for new entrants,” said Chris Sugden, managing partner at Edison Partners. “With the support of Edison’s value creation resources, including Edison Director Network member Jo Kinsella, to advance the company’s market leadership position, RapidDeploy CEO Steve Raucher and his team have taken the company to new heights and, with their state-of-the-art NextGen 911 technology, they’ve made our country’s emergency response system stronger.”
The exit reinforces Edison Partners’ commitment to digitising critical infrastructure. The firm has backed other innovative companies, including an investment in Seismos and a growth investment in 120Water. Earlier, Edison also invested in Recycle Track Systems, which enhances waste management through digital solutions.
By realising its investment in RapidDeploy, Edison Partners further demonstrates the growing influence of private equity in transforming essential public services.
Source: Business Wire
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