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Versaterm Acquires Smartphone Body And Dash Camera Software Provider Visual Labs, Inc.

Jan 19, 2023•almost 3 years ago

Acquiring Company

Versaterm

Acquired Company

Dash Camera

Ottawainformation technology & servicesSoftwareSecurityInformation TechnologySoftware

Description

Versaterm Public Safety, a global public safety solutions company, announced today its acquisition of smartphone body and dash camera software provider Visual Labs, Inc. The acquisition builds upon Versaterm’s public safety solution ecosystem with field-ready mobile software and a Criminal Justice Information Services (CJIS) compliant cloud-based Digital Evidence Management System (DEMS) that reinforces its commitment to helping agencies better serve their communities.

Company Information

Company

Versaterm

Location

Ottawa, Ontario, Canada

About

Versaterm is a global public safety solutions company helping agencies transform their organizations by providing innovative solutions, expertise, and an unwavering dedication to customer service. We are on a journey to build a public safety technology platform that will enhance community safety by creating purposeful integrations across the public safety spectrum. We deliver intuitive tools developed for public safety agencies, forensic labs, court systems, schools and other institutions. Our selective growth strategy focuses on improving customer and user workflows for more efficient and effective operations, leading to better service and more just outcomes.

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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