Rekor Systems completed the acquisition of Waycare Technologies for $61m.

Rekor Systems, a company that provides license plate recognition and security solutions, completed the acquisition of Waycare Technologies, a company that optimizes traffic management systems leveraging predictive analytics, for $61m. "With the Waycare acquisition, we are significantly strengthening our footprint and meaningfully enhancing our service offering. This acquisition accelerates access to new markets and provides us with new vendor relationships to access unique data sources," Robert Berman, Rekor President and CEO.