Plate recognition company acquired
Motorola Solutions, known for providing technology to first responders and law enforcement agencies, has acquired a company focused on license plate recognition technology.
Chicago-based Motorola Solutions paid $445 million in cash and equity to acquire VaaS International Holdings. The deal closed last week.
Motorola Solutions is betting on the platform’s ability to help shorten response times for first responders and speed up police investigations, said Andrew Sinclair, corporate vice president and general manager of software enterprise.
Roughly 1,500 law enforcement agencies around the country use the platform, said Nagi Palle, chief operating officer at VaaS.
That includes more than 30 agencies in the Chicago area, including the police departments in Schaumburg, Hinsdale and Lombard.