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M&A Deal Summary

Versaterm Acquires IAPro

On March 16, 2023, Versaterm acquired information technology company IAPro from CI Technologies

Acquisition Highlights
  • This is Versaterm’s 1st transaction in the Information Technology sector.
  • This is Versaterm’s 3rd transaction in Canada.
  • This is Versaterm’s 1st transaction in British Columbia.

M&A Deal Summary
Date 2023-03-16
Target IAPro
Sector Information Technology
Buyer(s) Versaterm
Sellers(s) CI Technologies
Deal Type Divestiture

Target

IAPro

Vancouver, British Columbia, Canada
IAPro is a provider of software solution used by public safety across the USA, Canada, New Zealand and Australia. IAPro was founded in 1988 and is based in Vancouver, British Columbia.

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Buyer(S) 1

Buyer

Versaterm

Ottawa, Ontario, Canada
Category Company
Founded 1977
Sector Software
DESCRIPTION

Versaterm provides CAD and records systems to public safety agencies in North America and the Caribbean. It offers records management systems, fire records management systems, computer-aided dispatch systems, mobile workstations, law enforcement information sharing portal, and crime analysis package. Versaterm was formed in 1977 and is based in Ottawa, Ontario.

DEAL STATS #
Overall 7 of 10
Sector: Information Technology M&A 1 of 1
Type: Divestiture M&A Deals 1 of 1
State: British Columbia M&A 1 of 1
Country: Canada M&A 3 of 3
Year: 2023 M&A 2 of 2
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2023-01-19 Visual Labs

Menlo Park, California, United States

Visual Labs is a software company provides cloud-based, and CJIS-compliant redaction solution. Visual Labs was founded in 2014 and is based in Menlo Park, California.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2024-04-11 Athena

McKinney, Texas, United States

Integrated Computer Systems (ICS) makes mission-critical tools for public safety agencies to use to run their operations. The company's Athena software suite, which includes computer-aided dispatch, mobile data client, and comprehensive records management system, is used by 9-1-1 dispatchers, police, firefighters, and EMS personnel to keep their communities safe from first call to case closure. Integrated Computer Systems is based in McKinney, Texas.

Buy -

Seller(S) 1

SELLER

CI Technologies

Vancouver, British Columbia, Canada
Category Company
Founded 1992
Sector Information Technology
DESCRIPTION

CI Technologies is a provider of professional standards, internal affairs, wellness, and early intervention software for public safety agencies. CI Technologies was founded in 1992 and is based in Vancouver, British Columbia.

DEAL STATS #
Overall 1 of 1
Sector: Information Technology M&A 1 of 1
Type: Divestiture M&A Deals 1 of 1
State: British Columbia M&A 1 of 1
Country: Canada M&A 1 of 1
Year: 2023 M&A 1 of 1
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