Home Strategy Motorola pays US$445m to acquire Vaas
Motorola pays US$445m to acquire Vaas Image courtesy of Stuart Miles at FreeDigitalPhotos.net Featured

Global communications giant Motorola Solutions has paid US$445 million to acquired VaaS International Holdings, a data and image analytics company based in Livermore, California and Fort Worth, Texas.

VaaS, which describes itself as a company that does “video analysis as a service”, is a global provider of data and image analytics for vehicle location and image capture its analysis platform, which includes 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.

VaaS claims 2019 revenues which are expected to be approximately US$100 million.

The company’s research and development operations are based in Vietnam where it has more than 40 employees working in software engineering, AI and data analytics.

“This acquisition expands Motorola Solutions’ data and analytics capabilities, complementing our public safety software and analytics suite and Avigilon video and analytics platform,” said Greg Brown, chairman and chief executive, Motorola Solutions.

“VaaS will enhance Motorola Solutions’ software portfolio with vehicle location information that can help first responders shorten response times, improve the speed and accuracy of investigations and create safer cities.”

“We are very excited to be joining Motorola Solutions,” said Shawn Smith, co-founder of VaaS and president of Vigilant Solutions. “This acquisition enables us to continue to serve our existing customers and expand our footprint globally, while at the same time supporting a company with a commitment to innovation and growth, guided by a common purpose that aligns with our mission and culture: ‘To help people be their best in the moments that matter.’ It doesn’t get any better than that.”

“Our extensive license plate data and AI technology have opened new commercial applications of our products,” said Todd Hodnett, co-founder of VaaS and president of Digital Recognition Network.

“We believe commercialisation of these new applications can be accelerated under the Motorola Solutions brand and reach, and we look forward to working together to grow and diversify our commercial business.”

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Peter Dinham

Peter Dinham is a co-founder of iTWire and a 35-year veteran journalist and corporate communications consultant. He has worked as a journalist in all forms of media – newspapers/magazines, radio, television, press agency and now, online – including with the Canberra Times, The Examiner (Tasmania), the ABC and AAP-Reuters. As a freelance journalist he also had articles published in Australian and overseas magazines. He worked in the corporate communications/public relations sector, in-house with an airline, and as a senior executive in Australia of the world’s largest communications consultancy, Burson-Marsteller. He also ran his own communications consultancy and was a co-founder in Australia of the global photographic agency, the Image Bank (now Getty Images).

 

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