Lucky No. 7: Versaterm pulls trigger on seventh acquisition since start of 2020

Versaterm platform
Versaterm provides dispatch software and records management services to police and fire departments throughout Canada and the U.S. File photo

Ottawa software firm Versaterm has acquired a South Carolina company in a bid to bolster its suite of products that help law enforcement agencies respond to emergencies.

Versaterm announced it has closed a deal to buy FivePoint Solutions, which makes software that helps police forces and other first responders share information in real time, integrate data from various platforms and manage court casework. Terms were not disclosed.

It’s the seven acquisition in less than three years for Versaterm, which supplies dispatch software and records management services to first responders throughout Canada and the U.S.

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In a statement, Versaterm president and CEO Warren Loomis said the latest deal is part of the firm’s long-term strategy to expand through a mix of organic growth and acquisitions.

“FivePoint Solutions brings an essential component of data integration to our ecosystem,” Loomis said. “We are excited to welcome the team to the Versaterm Public Safety family.”

FivePoint Solutions is headquartered in Lexington, S.C. The firm, which was founded in 2009, has 38 employees listed on its LinkedIn profile, and its website says it has customers in 31 U.S. states.

“We have spent the last 13 years evolving our judicial and public safety services and solutions for simplified access to accurate information to enable efficient operations, officer and community safety, and just outcomes,” FivePoint chief executive Ro Lucas said in a statement. “Now, we look forward to bringing our expertise to Versaterm Public Safety,”

Versaterm was founded in 1977 by a group of former RCMP employees who helped build the Canadian Police Information Centre, the national police database. Originally family-owned, the company was acquired by San Francisco’s Banneker Partners in December 2020.

Loomis told Techopia late last year the firm’s revenues have been growing at an annual rate of more than 30 per cent. He said Versaterm planned to boost its local headcount from 100 at the end of 2021 to at least 150 over the next few years as it continues to pursue additional M&A opportunities.

“The investment community out there is really behind us,” Loomis said. “They’re loving public safety.”

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