Ottawa software company Versaterm’s aggressive strategy of growth through acquisitions continued this week as the firm pulled the trigger on another M&A deal.
Versaterm – which makes software that helps police forces, fire departments and other public safety agencies manage their operations – announced Thursday it has acquired Texas-based Integrated Computer Systems. Terms of the transaction were not disclosed.
Founded in 1975 and headquartered in McKinney, Tex., Integrated Computer Systems specializes in computer-aided dispatch (CAD), mobile data client and comprehensive records management (RMS) systems used by 911 dispatchers, police, firefighters, and emergency medical personnel across the state.
OBJ360 (Sponsored)
World Junior Championships set to boost Ottawa’s economy and global reputation
The World Junior Championships will kick off in Ottawa in December, bringing tens of millions of dollars of economic activity to the city, as well as a chance for local
Investing in the next generation: Ottawa businesses encouraged to build futures through mentorship
Do you remember the mentor in your life who helped shape your career? In the business world, success often depends on the connections we build, fuelled by guidance and support
“By welcoming ICS into Versaterm, we now offer CAD and RMS solutions that meet the operational needs of any agency,” Versaterm president and CEO Warren Loomis said in a statement.
ICS is the 10th company Versaterm has acquired in the past four years.
“This is an exciting time for ICS as we join other respected public safety brands that have become part of the Versaterm solutions portfolio,” ICS chief executive Kyle Indermuehle said in a statement.
“Agencies choose ICS not only for our technology, but also for our commitment to them and our engagement as a partner. Now, we can offer even more value to that partnership through the Versaterm ecosystem.”
In an interview with Techopia after his company announced its ninth acquisition in March 2023, Loomis said Versaterm’s revenues had climbed 250 per cent and its head count had tripled to 350 employees since the start of 2020.
The firm’s longtime CEO said his company was on a mission to “smooth out workflows” for police officers, firefighters and other first responders.
“We have an opportunity to do something that’s really different in our space,” he added.
Versaterm’s signature software feeds information to officers in the field in real time – for example, informing them if a suspect has a criminal record or whether a particular address has been the subject of previous complaints.
Over the past few years, the firm has diversified its tech stack by acquiring other companies with capabilities that complement its offerings, such as a California-based enterprise whose products transform android phones into body cameras with real-time video and audio-streaming capabilities.
