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Metropolis completes acquisition of Oosto to revolutionize AI in facilities and property management

Jan 23, 2025•11 months ago

Acquiring Company

Metropolis Technologies

Acquired Company

Oosto

Santa MonicaNew YorkSoftwareInformation TechnologySoftware

Description

Metropolis, known for parking automation and frictionless payments, has acquired Oosto, a leader in AI-driven security and video analytics. This strategic move represents a larger trend of breaking down operational silos and adopting more informed, real-time AI tools for smarter, more efficient environments. The acquisition aims to enable seamless collaboration between security, operations, and IT to drive efficiency and improve the overall experience in facilities and property management.

Company Information

Company

Metropolis Technologies

Location

Santa Monica, California, United States

About

Metropolis is an artificial intelligence company for the real world. Metropolis' computer vision platform enables people to transact in the physical world with even greater ease than we experience online. Today, we are reimagining parking. Because it's important, it's everywhere, and impacts everyone – enabling millions of consumers to just "drive in and drive out" – that's it. Tomorrow, we will power "checkout-free" experiences anywhere you go.

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M&A Insights

Based on deal data
Integration timeline
70% of M&A integrations take 12-24 months to complete
Tech stack consolidation
83% of merged companies consolidate technology vendors within first year
Post-acquisition investment
Companies increase IT spending by 23% on average after acquisitions
Success factor
M&A deals with strong technology integration plans are 2.5x more likely to succeed