Soundthinking Acquires Intelligent Weapons Detection Provider, Safepointe

Aug 22, 2023•almost 2 years ago

Acquiring Company

SoundThinking

Acquired Company

SafePointe

Public SafetySoftware

Description

SoundThinking, Inc. (Nasdaq: SSTI) (formerly ShotSpotter, Inc.), a leading public safety technology company that combines data-driven solutions and strategic advisory services for law enforcement and community assistance groups, acquired SafePointe, LLC (SafePointe), an innovator in intelligent weapons detection technology, on August 18, 2023.

Company Information

Company

SoundThinking

About

SoundThinking, Inc. (Nasdaq: SSTI) is a leading public safety technology company that combines data-driven solutions and services for law enforcement, civic leadership, and community assistance groups to drive more efficient, effective, and equitable public safety outcomes. Our SafetySmartTM platform includes ShotSpotter®, the leading acoustic gunshot detection system, CrimeTracerTM, the foremost law enforcement search engine, CaseBuilderTM, a one-stop investigation management system, and ResourceRouterTM, software that directs patrol and community anti-violence resources to help maximize their impact. SoundThinking products and technologies are used by more than 200 customers and 2000+ agencies worldwide and has been designated a Great Place to Work® Company.

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