Latest news with #datatransmission
Associated Press
6 days ago
- Business
- Associated Press
TJC Announces Sale of Silvus Technologies to Motorola Solutions Inc. for up to $5.0 Billion
NEW YORK--(BUSINESS WIRE)--May 28, 2025-- TJC, L.P. ('TJC') today announced that an affiliate of The Resolute Fund IV, L.P. ('Resolute IV') has signed a definitive agreement to sell Silvus Technologies, Inc. and its subsidiaries ('Silvus' or the 'Company') to Motorola Solutions, Inc. (NYSE: MSI), a global leader in providing mission-critical communications. The purchase price will be for up to $5.0 billion, comprised of $4.4 billion in cash and up to $600.0 million in earnout payments. The transaction is expected to close in the third quarter of 2025. Founded in 2004, Silvus develops and manufactures mobile communications datalinks that facilitate data transmission without the need for fixed infrastructure through a proprietary software defined waveform. Silvus' technology is reshaping traditional broadband wireless connectivity by providing leading data throughput, active wireless interference and anti-jamming mitigation, enhanced non-line-of-sight range, and self-forming networks enabling the transmission of critical video, voice and data communications within a private and secure network. Silvus' technology is primarily used in government, unmanned systems (air, sea and ground), robotics, law enforcement, and other critical commercial / industrial applications. Silvus' proprietary technology overcomes traditional network challenges and facilitates data communication in harsh environments, without the need for fixed infrastructure. 'Silvus' commitment to mission-critical communication infrastructure is crucial in an increasingly complex global landscape,' said Erik Fagan, Partner and Head of Industrial Technology at TJC. 'We are pleased to have collaborated closely with Silvus' management team since our investment in 2019, facilitating significant growth including expanding their workforce from 70 to over 350 employees, strategic acquisitions, and advancements in their waveform, software applications, and hardware form factors. These developments enable Silvus users to communicate effectively in the most challenging environments. We look forward to seeing Silvus continue to grow as part of the Motorola Solutions family.' Mayer Brown LLP served as legal counsel to TJC on the transaction, and Morgan Stanley & Co. LLC served as financial advisor. About TJC TJC LP, formerly known as The Jordan Company, has worked for more than 40 years with CEOs, founders and entrepreneurs across a range of industries including Consumer & Healthcare, Diversified Industrials, Industrial Technology, Logistics & Supply Chain and Technology & Infrastructure. With $32.0 billion of assets under management as of March 31, 2025, TJC is managed by a senior leadership team that has invested together for over 23 years on over 85 investments. TJC has offices in New York, Chicago, Miami and Stamford. For more information, please visit View source version on CONTACT: Eli Kapsack Prosek [email protected] KEYWORD: NEW YORK UNITED STATES NORTH AMERICA INDUSTRY KEYWORD: TECHNOLOGY FINANCE CONSULTING OTHER TECHNOLOGY PROFESSIONAL SERVICES SOFTWARE HARDWARE ASSET MANAGEMENT CONSUMER ELECTRONICS OTHER PROFESSIONAL SERVICES SOURCE: TJC, L.P. Copyright Business Wire 2025. PUB: 05/28/2025 08:37 AM/DISC: 05/28/2025 08:37 AM
Yahoo
13-05-2025
- Business
- Yahoo
SES Space & Defense to Provide Hybrid Space-Based Architecture to U.S. Department of Defense
Secure integrated multi-orbit network (SIMON™) delivered by SES Space & Defense will support rapid, uninterrupted data transmission RESTON, Va., May 13, 2025--(BUSINESS WIRE)--SES Space & Defense, a wholly-owned subsidiary of SES, joins the Defense Innovation Unit's (DIU) Hybrid Space Architecture Network initiative. SES's Hybrid Space Architecture II project will showcase an automatically orchestrated secure integrated multi-orbit network that interconnects commercial and government networks to deliver assured and affordable, low-latency, multi-path communications across a scalable and resilient multi-domain network. SES Space & Defense will deliver an engineered multi-orbit network leveraging Secure Integrated Multi-Orbit Networking (SIMON™). This will enable always-on connectivity as an affordable, resilient alternative to traditional Primary, Alternate, Contingency, and Emergency (PACE) and auto-PACE operations currently used by warfighters across the Department of Defense (DoD) worldwide. By blending LEO, MEO, and GEO capabilities in a purposeful manner, SIMON™ ensures that the warfighters' data can affordably traverse multiple orbital regimes simultaneously, adapting and adjusting in real time to changing mission requirements. "With SIMON™, warfighters will have the ability to 'set and forget' their user terminals and affordably realize assured connectivity across multiple orbits," says David Fields, President and CEO of SES Space & Defense. "This transformational approach solves a decades-long dichotomy of affordability versus resilience, providing SATCOM agility, flexibility, and reliability for the forward deployed personnel." Follow us on: Twitter | Facebook | YouTube | LinkedIn | Instagram Read our Blogs > Visit the Media Gallery > About SES Space & Defense SES Space & Defense is a wholly-owned subsidiary of SES and is exclusively focused on building, managing, and supporting the most advanced satellite network solutions for the U.S. Government. SES Space & Defense uses a proven multi-operator network integration and management capability, a broad global terrestrial network, as well as access to SES's multi-orbit satellite fleet. It also offers U.S. Department of Defense customers the essential tools in cybersecurity for mission-critical operations, coupled with a proven track record in governance and compliance. SES Space & Defense operates under a proxy board, enabling it to support classified projects, and it has participated in the U.S. Government satcom sector for nearly five decades. Further information can be found at: About SES SES has a bold vision to deliver amazing experiences everywhere on Earth by distributing the highest quality video content and providing seamless data connectivity services around the world. As a provider of global content and connectivity solutions, SES owns and operates a geosynchronous orbit fleet and medium earth orbit (GEO-MEO) constellation of satellites, offering a combination of global coverage and high performance services. By using its intelligent, cloud-enabled network, SES delivers high-quality connectivity solutions anywhere on land, at sea or in the air, and is a trusted partner to telecommunications companies, mobile network operators, governments, connectivity and cloud service providers, broadcasters, video platform operators and content owners around the world. The company is headquartered in Luxembourg and listed on Paris and Luxembourg stock exchanges (Ticker: SESG). Further information is available at: View source version on Contacts For further information, please contact: Melanie DelannoySES Space & DefenseVice President, Marketing & CommunicationsTel. +1 571 443
