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Synopsis
Vance Street Capital-backed Synapse ITS, a provider of intelligent transportation systems, completed the acquisition of GovComm, a traffic technology company specializing in wrong-way vehicle detection systems. Financial terms were not disclosed. "We're proud to welcome GovComm to the Synapse platform. GovComm has developed a technologically advanced and high-quality wrong-way driver system with a reputation for strong real-world performance. We're excited to be their partner and facilitate their expansion into new geographies," Geoff Wilcox, Synapse CEO.
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