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ShotSpotter Finalizes Acquisition of Leeds, Maker of CrimeCenter™ Investigative Software

Written by Customer Service on . Posted in Mergers And Acquisitions.

NEWARK, Calif., Nov. 24, 2020 (GLOBE NEWSWIRE) — ShotSpotter, Inc. (Nasdaq: SSTI), a leader in precision policing solutions that help law enforcement deter, respond to, and investigate crime, today announced it has completed its acquisition of Leeds, LLC, doing business as CrimeCenter Software. The execution of a definitive purchase agreement was announced on Nov. 9, 2020. The acquisition will expand ShotSpotter’s suite of law enforcement solutions with the CrimeCenter line of investigative case management software, which ShotSpotter estimates will increase the company’s U.S. law enforcement total addressable market by over 45 percent.
CrimeCenter Software is a leading provider of cloud-based investigative case management software for law enforcement agencies. The case management platform helps agencies modernize every phase of an investigation and accelerate casework with easy-to-use software tools. The New York Police Department (NYPD) has been using a version of CrimeCenter for the last five years and the system currently serves over 4,000 users. NYPD is also a ShotSpotter customer. CrimeCenter Software has more than 30 employees and is based in Newark, New Jersey.  With the closing of the acquisition, ShotSpotter paid $17 million in cash and stock and may pay an additional $5 million earn out over the next two years.“The ShotSpotter team has an amazing vision for the future of law enforcement that is data-driven, customer centric and enhances the police-community relationship,” said Daniel Leston, Managing Partner of Leeds, LLC. “Our entire team is thrilled that our products and team will be a part of that.”About Leeds / CrimeCenter SoftwareLeeds, LLC, dba as CrimeCenter Software, is a leading provider of cloud-based investigative software for law enforcement agencies. Built by law enforcement experts, the platform helps agencies modernize every phase of an investigation and accelerate casework with easy-to-use software tools. CrimeCenter is proven to work at scale with thousands of users across multiple crime units. Enhanced analytical and collaboration tools help detectives connect the dots and share information quickly while reporting tools give insight to supervisors on the status of each case. The company is headquartered in Newark, New Jersey.About ShotSpotterFor more media information for ShotSpotter, contact:Investor Relations Contacts:
Matt Glover
Gateway Investor Relations
+1 (949) 574-3860
SSTI@gatewayir.comJoAnn Horne
Market Street Partners
+1 (415) 445-3240
jhorne@marketstreetpartners.com

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