Motorola Solutions buys VaaS, makers of license plate recognition tech, for $445 million
Motorola Solutions on Monday announced that it's buying VaaS International Holdings for $445 million. The acquisition is meant to bolster Motorola's command center software suite with VaaS' data and image analytics platform for vehicle location.
Featured
VaaS, a "video analysis as a service" provider, is known for its automated license plate recognition technology, which uses machine learning and AI to provide vehicle location data to public safety and commercial customers.
According to Motorola, license plate reading is a highly specialized practice requiring purpose-built cameras and analytics. The goal is to further commercialize VaaS' platform while also diversifying Motorola's portfolio with a suite of law enforcement products. VaaS projects 2019 revenue to reach $100 million from its commercial and law enforcement businesses.
"Automated license plate recognition is an increasingly powerful tool for law enforcement," said Greg Brown, CEO of Motorola Solutions. "With this acquisition, VaaS will expand our command center software portfolio with the largest shareable database of vehicle location information that can help shorten response times and improve the speed and accuracy of investigations."
PREVIOUS AND RELATED COVERAGE:
Motorola Solutions wins AU$261m public safety radio upgrade contract
Motorola Solutions will expand and update the radio comms network for Victorian police, fire, and ambulance services, as well as providing data, GPS, location, online reporting, interface, and software-defined solutions.
Motorola lands AU$7m contract with WA fire and emergency department
Motorola will provide the department with a new dispatch system to help fire and emergency personnel be better informed before moving into potentially dangerous situations.
Motorola lands AU$50m deal with Victorian government to upgrade police force
Motorola Solutions Australia has been chosen to deliver more than 10,000 iPhones and iPads to police and protective services officers across Victoria over the next five years.