Motorola Pays $US445 Million For Image Analytics Developer, VaaS
Motorola Solutions buys VaaS.
MOTOROLA Solutions has acquired VaaS International Holdings Inc (VaaS), a data and image analytics company, for $US445 million.
VaaS offers video analysis as a service including fixed and mobile license plate reader cameras driven by machine learning and artificial intelligence, provides vehicle location data to public safety and commercial customers. Its subsidiaries include Vigilant Solutions for law enforcement users and Digital Recognition Network (DRN) for commercial customers. The company’s 2019 revenues are expected to be approximately $100 million.
“Automated license plate recognition is an increasingly powerful tool for law enforcement,” Greg Brown, chairman and CEO, Motorola Solutions, said in the announcement. “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.”