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M&A Deal Summary

Rekor Acquires Waycare Technologies

On August 9, 2021, Rekor acquired internet software and services company Waycare Technologies for 61M USD

Acquisition Highlights
  • This is Rekor’s 1st transaction in the Internet Software and Services sector.
  • This is Rekor’s largest (disclosed) transaction.
  • This is Rekor’s 3rd transaction in the United States.
  • This is Rekor’s 1st transaction in California.

M&A Deal Summary
Date 2021-08-09
Target Waycare Technologies
Sector Internet Software and Services
Buyer(s) Rekor
Deal Type Add-on Acquisition
Deal Value 61M USD

Target

Waycare Technologies

Sherman Oaks, California, United States
Waycare Technologies is a developer of a cloud-based platform designed to offer proactive traffic management. Their solution uses artificial intelligence (“AI”) to aggregate and process data from various sources to help government agencies with crash prediction, congestion detection, as well as incident management, and identification. Waycare Technologies was founded in 2016 and is based in Sherman Oaks, California.

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Buyer(S) 1

Buyer

Rekor

Columbia, Maryland, United States
Category Company
Founded 2017
Sector Business Services
Employees319
Revenue 46M USD (2024)
DESCRIPTION

Rekor is a professional services firm. Rekor focuses on the logistics of procuring highly specialized human resources and delivering critical, definitive knowledge to the right place at the right time. Rekor was founded in 2017 and is based in Columbia, Maryland.

DEAL STATS #
Overall 3 of 5
Sector: Internet Software and Services M&A 1 of 1
Type: Add-on Acquisition M&A Deals 2 of 4
State: California M&A 1 of 1
Country: United States M&A 3 of 5
Year: 2021 M&A 1 of 1
Size (of disclosed) 1 of 3
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2017-09-22 Global Technical Services

Fort Worth, Texas, United States

Global Technical Services, Inc. is a provider of premier contract and direct hire staffing services to the following industries: Aviation Maintenance, Aerospace, Electronics, and Defense.

Buy $4M
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2022-05-16 Southern Traffic Services

Gulf Breeze, Florida, United States

Southern Traffic Services is a provider of traffic engineering expertise that includes design, planning, and traffic study services to government and private agencies across the United States with a strong footprint in the Southeast. Southern Traffic Services was founded in 1988 and is headquartered in Gulf Breeze, Florida.

Buy $15M
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