Startup OpenALPR has been acquired by Novume, a company virtually unknown in the industry.
While there are many LPR providers (see our directory), OpenALPR is best known for its open source option + cloud LPR service.
In this note, based on our talks with Novume CEO Robert Berman and OpenALPR Founder and Developer Matt Hill, we look at the following:
- Terms of the deal
- Go-to-market strategy
- Who Novume is and what they are trying to do
- Novume stock
- Novume revenue
- OpenALPR revenue
- Future intentions