SSTI - ShotSpotter acquires Leeds to boost software portfolio

ShotSpotter (SSTI) inks a deal to acquire Leeds, which is the maker of the CrimeCenter software.The company says the acquisition will expand its suite of law enforcement solutions with the new line of investigative case management software.Leeds' primary business is supplying a major metropolitan police department on the East Coast with CrimeCenter and a variety of IT-related professional services. Under the terms of the agreement, ShotSpotter will pay approximately $22M in cash and stock, which includes a potential earnout of up to $5M.The deal is expected to close in November.SSTI +1.23% AH to $36.11.Source: Press Release

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ShotSpotter acquires Leeds to boost software portfolio