Announced
Completed
Financials
Tags
operating platform
incident management
United States
Common Operating Platform
Security Equipment
Private
Private Equity
Domestic
Completed
Acquisition
alert systems
Friendly
Single Bidder
Majority
Synopsis
Greater Sum Ventures, a private equity firm, completed the acquisition of a majority stake in STRAX, a provider of cloud-native sensor fusion and collaboration solutions. Financial terms were not disclosed. “STRAX is a natural addition to our growing suite of solutions that help law enforcement and first responders make communities safer. The STRAX team is dedicated to understanding security challenges and providing targeted solutions to improve both responder and community safety. This combination of best-in-class technologies will enable security organizations and public safety agencies to operate more efficiently and do their jobs more effectively,” Ross Croley, GSV CEO and founder.
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