Summary
TASER International, Inc. (now Axon Enterprise, Inc.) announced on May 5, 2015, an agreement to acquire MediaSolv Solutions Corporation for a total consideration of up to $13.0 million. The acquisition comprises $8.0 million in cash at closing and up to $5.0 million in potential earn-out payments contingent upon MediaSolv achieving defined performance metrics. This strategic move aims to enhance the Company's digital evidence management capabilities, integrating MediaSolv's solutions which allow law enforcement agencies to centralize, store, search, retrieve, and view evidence from multiple sources within a single digital platform.
Key Highlights
- 1Acquisition of MediaSolv Solutions Corporation announced on May 5, 2015.
- 2Total potential purchase price is $13.0 million.
- 3Cash consideration at closing is $8.0 million.
- 4Up to $5.0 million in earn-out payments are contingent on performance metrics.
- 5MediaSolv provides digital evidence management solutions for law enforcement.
- 6The acquisition aims to bolster TASER International's digital evidence capabilities.
- 7The press release announcing the agreement is filed as Exhibit 99.1.