ShotSpotter Signs Definitive Agreement to Acquire Leeds, Maker of CrimeCenter™ Investigative Software
2020年11月10日 - 6:03AM
ShotSpotter, Inc. (Nasdaq: SSTI), the leader
in solutions that help law enforcement officials identify, locate
and deter gun violence, today announced it has signed a definitive
agreement to acquire Leeds, LLC, doing business as CrimeCenter
Software. The acquisition will expand ShotSpotter’s suite of law
enforcement solutions with the CrimeCenter line of investigative
case management software. Leeds’ primary business is supplying a
major metropolitan police department on the East Coast with
CrimeCenter and a variety of IT-related professional services.
Leeds has more than 30 employees and is based in Newark, New
Jersey.
Under the terms of the agreement, ShotSpotter will pay
approximately $22 million in cash and stock, which includes a
potential earnout of up to $5 million. The deal is expected to
close in November and is subject to customary closing conditions.
Upon closing, Leeds will become a wholly owned subsidiary of
ShotSpotter.
With the addition of CrimeCenter to its product lineup of patrol
management and gunshot detection solutions, ShotSpotter will offer
the only complete precision policing platform to enable
intelligence-driven prevention, response to, and investigation of
crime for local, state and federal agencies. The newly expanded
ShotSpotter platform is expected to increase the company’s total
addressable market for law enforcement software in just the U.S. by
more than 45 percent.
“CrimeCenter is a perfect fit with our strategy to offer an
integrated set of precision policing solutions to help drive down
crime,” said Ralph A. Clark, CEO and President of ShotSpotter.
“Case management is a proven category, as every agency is required
to document and investigate crimes and identify and arrest
suspects. The CrimeCenter solution does it in a new and better way.
We see it opening up new business opportunities beyond municipal
law enforcement, including state and federal agencies.”
CrimeCenter is a SaaS product that helps automate investigative
work and improve case clearance rates – addressing an inefficiency
problem for many agencies that have had to rely on multiple
disparate systems to work cases. Using CrimeCenter, investigators
benefit from a single digital case folder that includes all
elements related to a case. Analytical and collaboration tools help
investigators connect the dots and share information faster while
reporting helps package cases for command staff and
prosecutors.
“We developed CrimeCenter to meet the highest standards for
investigations for all types of crime. It’s been battle-tested by
law enforcement using it over the last five years,” said Dan
Leston, Managing Partner of Leeds, LLC. “Joining the ShotSpotter
team is a thrill for us as we expect it will lead to much broader
use of this innovative tool to help close more cases and reduce
crime.”
As part of the growing ShotSpotter suite of solutions, the
company expects CrimeCenter to benefit from ShotSpotter’s strong
customer relationships, sales and marketing resources, and product
integration opportunities. ShotSpotter solutions are used by more
than 100 cities across the U.S. as of September 30, 2020.
About Leeds /
CrimeCenter SoftwareLeeds, LLC,
dba as CrimeCenter Software, is a leading provider of cloud-based
investigative software for law enforcement agencies. Built by law
enforcement experts, the platform helps agencies modernize every
phase of an investigation and accelerate case work with easy-to-use
software tools. CrimeCenter is proven to work at scale with
thousands of users across multiple crime units. Enhanced analytical
and collaboration tools help detectives connect the dots and share
information quickly while reporting tools give insight to
supervisors on the status of each case. The company is
headquartered in Newark, New Jersey.
About ShotSpotter, Inc.ShotSpotter (NASDAQ:
SSTI) provides acoustic gunshot detection and precision-policing
solutions to help law enforcement officials and security personnel
prevent and reduce gun violence and make communities, campuses and
facilities safer. The company’s flagship product, ShotSpotter®
Flex™, is the leading gunshot detection, location and forensic
system trusted by over 100 cities. ShotSpotter® Connect™
(previously known as ShotSpotter Missions) uses artificial
intelligence-driven analysis to dynamically direct patrol resources
to areas of greatest risk and helps to improve officer
accountability and deter crime. ShotSpotter has been designated a
Great Place to Work® Company.
Forward-Looking
StatementThis press release contains "forward looking
statements" within the meaning of the “safe harbor” provisions of
the Private Securities Litigation Reform Act of 1995, including the
expected completion of ShotSpotter’s anticipated acquisition of
Leeds, LLC, the time frame in which this will occur, the degree to
which the acquisition will open up new business opportunities for
ShotSpotter, the degree to which CrimeCenter will expand
ShotSpotter’s total addressable market, and the degree to which
CrimeCenter will benefit from ShotSpotter’s customer relationships,
sales and marketing resources and product integration
opportunities. Statements regarding future events are based on the
parties’ current expectations and are necessarily subject to
associated risks related to, among other things: that conditions to
the acquisition closing may not be satisfied; the potential impact
on the businesses of ShotSpotter and Leeds due to the announcement
of the acquisition; the occurrence of any event, change or other
circumstances that could give rise to the termination of the
acquisition agreement; ShotSpotter’s ability to integrate Leeds’
employees and operations; ShotSpotter’s ability to successfully
negotiate and execute contracts with new and existing customers in
a timely manner, if at all; ShotSpotter’s ability to address the
business and other impacts and uncertainties associated with the
COVID-19 pandemic and maintain and increase sales; the availability
of funding for ShotSpotter’s customers to purchase the company’s
solutions; the complexity, expense and time associated with
contracting with government entities; ShotSpotter’s ability to
maintain and expand coverage of existing public safety customer
accounts and further penetrate the public safety market; the
lengthy sales cycle for ShotSpotter’s solutions; changes in federal
funding available to support local law enforcement; ShotSpotter’s
ability to deploy and deliver its solutions; ShotSpotter’s ability
to maintain and enhance its brand; as well as other risk factors
included in ShotSpotter’s most recent annual report on Form 10-K
and quarterly report on Form 10-Q and other SEC filings. These
forward-looking statements are made as of the date of this press
release and are based on current expectations, estimates, forecasts
and projections as well as the beliefs and assumptions of
management. Except as required by law, the company undertakes no
duty or obligation to update any forward-looking statements
contained in this release as a result of new information, future
events or changes in its expectations.
Media Contact:Liz Einbinder ShotSpotter, Inc.
+1 (510) 794-3147leinbinder@shotspotter.com
Investor Relations Contacts:Matt GloverGateway
Investor Relations+1 (949) 574-3860SSTI@gatewayir.com
JoAnn HorneMarket Street Partners+1 (415)
445-3240jhorne@marketstreetpartners.com
SoundThinking (NASDAQ:SSTI)
過去 株価チャート
から 6 2024 まで 7 2024
SoundThinking (NASDAQ:SSTI)
過去 株価チャート
から 7 2023 まで 7 2024