911 Dispatch center in NYC
TeleCommunication Systems, Inc. (TCS) last week announced it has acquired privately-held microDATA GIS, Inc., a provider of Next Generation 9-1-1 (NG9-1-1) software and solutions.
“The aggregate acquisition consideration is approximately $37 million, comprised of $20 million in cash at closing, plus $14 million in promissory notes and performance-based earn-out opportunities,“ wrote TCS in a statement.
microDATA has a GIS product and tools suite dedicated to Public Safety Answering Point (PSAP). The company also provides equipments to PSAP, including computer-aided dispatch integration, dashboards and call management products.
microDATA expects to generate more than $20 million in systems and services revenue in CY 2012, with EBITDA of 30- 35%.
“The aggregate acquisition consideration is approximately $37 million, comprised of $20 million in cash at closing, plus $14 million in promissory notes and performance-based earn-out opportunities,“ wrote TCS in a statement.
microDATA has a GIS product and tools suite dedicated to Public Safety Answering Point (PSAP). The company also provides equipments to PSAP, including computer-aided dispatch integration, dashboards and call management products.
microDATA expects to generate more than $20 million in systems and services revenue in CY 2012, with EBITDA of 30- 35%.
"The E9-1-1 business is a foundation stone of our Commercial segment, providing us with stable, growing and recurring revenue and cash flow," said Maurice B. Tose, TCS chairman and CEO.
"We know that this business, and particularly Next Generation 9-1-1, has high barriers to entry, because state-level homeland security departments and public safety jurisdictions have rigorous selection criteria and processes for 9-1-1 equipment procurement. microDATA has been very successful at winning contracts, including with the Department of Defense, using its standards-based solutions that are engineered in a manner that is highly complementary to our technology."
"We know that this business, and particularly Next Generation 9-1-1, has high barriers to entry, because state-level homeland security departments and public safety jurisdictions have rigorous selection criteria and processes for 9-1-1 equipment procurement. microDATA has been very successful at winning contracts, including with the Department of Defense, using its standards-based solutions that are engineered in a manner that is highly complementary to our technology."
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