Continuing its recent wave of acquisitions, Ottawa software company Versaterm agrees to buy a company specializing in emergency communications technology for police and firefighters.
Versaterm announced this week the purchase of Komutel of Quebec City. The terms have not been disclosed.
Founded in 2001, Komutel makes software that streamlines the process of transferring and sending 911 calls as the emergency communications infrastructure shifts from analog to digital-based services. Its clients include the Ontario Provincial Police.
It is the latest in a series of recent mergers and acquisitions for Versaterm, which provides shipping software and records management services to first responders across Canada and the US.
Versaterm, which was itself acquired by San Francisco-based private equity firm Banneker Partners last December, has acquired six companies since early 2020 in an effort to broaden its customer base and expand its geographic footprint.
And it looks like Versaterm shopping isn’t over yet. In a statement this week, the company said it expects to acquire other “leading technologies” in the coming months.
Five of his deals have come in this year.
In June, Versaterm has acquired Baltimore-based Adashi Systems, which tracks the movements of equipment and firefighters as they are sent to a location. Later that month, the company acquired eJust Systems, a southern Ontario company that helps detectives organize and electronically deliver materials to prosecutors.
Versaterm followed up those deals with the July acquisition of SPIDR Tech, a California company whose platform automatically sends text messages and emails to 911 callers and crime victims, updating them on the status of their calls and cases and notifying them when agents have been dispatched to the scene.
In August, Versaterm announced it was acquiring Arizona-based JusticeTrax, which specializes in software that locates and verifies evidence such as DNA and blood samples after it is sent to forensic testing labs.
Versaterm now has more than 180 employees, including approximately 100 in Ottawa. CEO Warren Loomis recently told Techopia’s revenues are growing at more than 30 percent annually, adding that the company aims to increase its local workforce to at least 150 in the coming years, while continuing to pursue additional mergers and acquisitions. .
“The investment community out there is really behind us,” he said. “They like public safety.”