SoundThinking / ShotSpotter Acquires SafePointe Weapons Detection Company Analyzed
Gunshot detectors and "weapons detectors" are often considered to be competing technologies, but SoundThinking (formerly ShotSpotter) has acquired SafePointe, one of the 24 companies covered in our weapons detection guide.
For more background on SoundThinking and SafePointe, see:
- ShotSpotter Changes Name To SoundThinking
- ShotSpotter 2022 Financials and 2023 Outlook Analyzed
- Weapons Detection 24 Competitors Comparison Guide
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************, ************* *** ******** ***** ****, and ******* ******* ********* *** *** typically ****** ** *** ********* ** people ******** **********.
$3.6 ******* ***
************* ********* **********'* ****** ********* ******* of $*.* ******* ****** *** "****** lanes", ** *** ******* *****************'* ***** ********* *****:
** $*.* ******* ** *** ****** claimed ~*** *****, ***** ~$**,***/**** ***** per ******, ***** ** ***** **** Evolv ($**,***/****) *** ***** ************* ****** than **** ********, ***** ** ****** at $~**,*** ** * ***-**** ********.
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$20 ******* ***
*** ****** ********* *** ************* ** the ********* *** *** ****-******* ******* screening ** ****** *** ******. *** example, **** ************* *** ***** ******** the ***** *********** ****** (***) *** this ** ** $** *******.
***** ******* ******* ******** *** *********** behind ***** ***, ** ** ******** depending ** *** ********** *** ** with ***** ********** *** ********* ***********. For *******, * $** ******* *** can ** ******** **** * ******* unit *********** ** ~$**,*** ******* **** per ****. ***** **** ******** ** facilities ********* *********, **********, ** ****** services ***** ** *** ** *****, it ** ********. *******, ** ******* this ** ********** ***** ** ******* on * **** ***** ****** ** deployments ** *** ****** ** ******* prices, ***** ***** ******** ************* **** time **** ***********.
Acquisition ****** ***********
************* *** *** ******** *** *********** price ** *** ***** ******* *** declined ** ******* ** *** ***** to ****. *** *******, **********, *** not *** **** *** *** ******* about *** ****, ****** ** ****** future ******* **** ******** ****, *** we **** *** **** *********.
** ***** ******** ** *********** ***** of $** ** $** ******* ***** on **** ******** ** * ******* market (**** ** *** ******* ********* market), ***** **** ***** ** ****** at *-*** *******. *** **********, ***** is ******* ** ~*** *******.
*********** ***************** *** ~$* ******* ** **** assets ****** *** *** ** ** **** and *** ******* ****** **** ********** has ** *** ** $*.* *******, this **** ***** **** ** ** funded ** **** ** ** *************'* own ******. *****, ** / **** they ********, ** **** ****** ****.
SafePointe: **********
********** ** * ******* ******* **** has ********* ********** ***, * "****** Weapons ********* ******" ****** **** ** designed ** ****** "**** ******** *******, such ** ****[,]****** *** *****, ** person ** ** *******." *** ******* was ******* ** **** ********* *********.
********** *** * **** ******* ******* presence, ** ***** ** ****** *********** on ********** ***. *******, ***** ** the**** *********'* ************, *** ** * ***-******* ****** with * **** ********* ***** (***** is ************* ****** **** ***** ******* detection *******) **** *** ** ********* covertly (*** ************ ****** ** ************ where *** ****** *** ********* ** the ****** *** ******** ****).
**** *** ****** ******* ******** ********* zones, ** **** *** ** ******** even ** * ****** **** *** go ******* *** *******, ** *** graphic ***** *****:
************, *** ** ******* **** ***** passive ******** ********* *******, ** ** is **** **.**” ****. **** *********** can **** ** ********* *********** (*** thus ********* *****) ** ****** *******. Other ********-***** ******* **** **** ****** limitations (*** *******, ******'* ******** *** reliable ********* **** ** ** *'*", as *** *** ****).
******* *** *** ******* ********, ********** also ****** * ********* ******** ****** (using *********** ********** *****), *********** *********, and ******** ********** ********.
** *** ******** ***** ****, ************* claimed **** ********** *** "~** *********", while *** *******'* ************* **** ** *********. ************* **** **** **** **** "stand ** *** *********" ***** **** pointed *** *** ***********.
************* **** **** **** **********'* ********* team **** ** ******* *** *******.
SafePointe ** ** ********** **** *************
************* ********* ** **** **** ********** will ** ********** **** *************'* *********** platform. *** ******* *** *** ********* on *** *********** ****** ****.
SafePointe **. *****
***** **** ********* ********* ******** "******* detectors", ****** *****, ********** ** * passive ******** *********, ***** **** *** generate *** *** ******** ***** *** analyzes ************* ** *** *****'* ******** field ****** ** ***** *******. ***** are ********* **** **********'* ********, ********* lack ** *********, ********* ** ****** non-ferrous *******, ***. *** **** *******, see* **** ****** ********* ********** *********.
*****-****, ***** ** **** ***** ****** than ********** ** **** *** *** units ********, ** *** ******* ***** shows:
Acquiring "********"
************* *********** * *** "********" ** acquiring **********, ********* "****** *** *********" and "******* *** ******** ****** *** buying *******", ** *** ******* ***** shows:
Cross-Selling *************
*** ** *** ******** **** *** company *********** ** *** *****-******* *************. IPVM ******** **** ***** ** **** truth ** ****, *******, **** **** caveats.
*** *******, ********* ********* ********* **** at ******* ********* *** ******** ******* detection ** ************ ** **** *****. Additionally, *************'* ******* ********* *** *********** outdoor, *** **** ******* *** ******* for ****** ******* ********* ** ******* in ***** *********. **** *** **** education ********* ****** ******** ************, **** as ****** *** ******* ******* ******** companies *** "******* ********" *********.
******* ********, **** ** ******** ** baseball ******, *** ******** ** ************ that ***** *********** ******** ********** **** technologies. *******, ** ** *** **** if *** **** ****** **** *** typical *** ******** ****** *** ******** of *************'* *********. **** **** *** company **** *** ******* ******** ** its ******* *** **** ******* ******** such ************* ** *** ********** - for *******, *** ** ******* ******* **** ****** ******:
*** ******** ********* ***** ******* ***** primarily ** ********, *** ********* ********, national *********, ***in **** *****, ********, ******, *** ****** ********** ***** ****** ** ********* ***/** ******* [emphasis added]
** *** ******** ****, ** ************* is **** ** **** ********* *** want ** ******** **** ******* ********* and ******* *********, ** *** ******** the ******* *** ********, ***** **** help ******* ****.
Campus *** ********* ******
***** ************* ** **** ***** *** its ****-**** *********** *** *** *********** (for *******, *********** ** ******* *** NYC), *** ******* ***** "****** ******" and "********* ******", ** **** ** its "*********". ***** ************ *** ****** to ** *** ******** ** ******* screening ***********.
*** ******* ********** ************* *** ******* screening *** ****** ********, ** *************'* spokesperson ****:
********** **** ** ********** **** *************’* SafetySmart ********. ************* ***** *** ****** security *** ***** ************* *********.
************* *** *** ********* ** **** "other ************* *********" **** ******** **, but ***** ***** ****, **** ********* "***-****** ****** ******" customers ** ** *********** ** *************'* conventional ******** - *** ***********:
Scaling ********
*** *********** ** ******* *** ******** is *** ** *** ******* ****** this ****, ** ************* *********** ** its ***** ****, *** ***** ** a **** *** *********** ******, ** the "******* *********" ****** ** ******* and ************* *** **** ************* ** place **** * *** ** ************** and *** *********** ******** ** *** US.
***** ** *** *******'* ******* ********* offerings (******** *** ******** ** *************'* products ** ***** *******) *** **** persuade ******* ** ******** *************'* ******** instead ** ***********, **** ** *****, CEIA, ***. ************, ****** ****** ** law *********** *** ********** *** **** contracts **** ************* (*** **** ***** for) *** ******* ** ********* ********* (whether ** ** ******* ********* ** weapons *********), ** **** * *********** positive *** *************.
Risks ** ****
*******, ***** *** * *** ******* one *** ** *********/******** ** *** this **** **** ****** *** **** of *************'* ********:
- ****************** ******** ********* **** ***********, *** ******* ***** *** * trail ** ********** ********, ********, *** public ********, ** ** ******* ** see ** ************* *** **** *** page. ** **** ******, **** *********** will ** ** ******* *****.
- ********** ** ********** *******, *** *** performance ** *** ********** ******* ** be ****. ** ***** ******** *** inconsistent ******* ********* ** *** * high ****** ** ***** ******, ************* will ** *** ** * ******** in ***** **** **** **** ** improve *** ****. *** **** *** acquirees ********* *** ** ********* *** technology, *** ************* *** ********* ** a ********* ***** (******* *********), ** they *** ******** ** ***** *********** experience ** ******* *********.
Revenue ****** ****** ****
*** *******, *** ******* ** ************ slow ****** ******, ** *** ****** financials ******** **** *** ******* **** only *.*% (*** ***** **** *******) ** *** ***** **** ** 2023 ******** ** **** - **** $41.2 ** $**.* *******. **** ** a *********** **** ** *** ******* growth ******% *********** ** ****-****, ** ***** ** *** ******* below:
************, *** *******'* ***** ********* **% in *** **** ** ******:
Best **** ********
** *** ****-**** ********, *************'* ******* from ******* ********** ***** ***** ******* eclipse ***** ******* **** *** ******* detecting *******. ************* *** **** ******* the ****** *** *** ******* *** is ******** *** ****** ** *** total *********** ****** *** ****. *******, if *** ******* ********* ****** ***** off ** **** *** ***** ****, SoundThinking *** ******** $***+ ******* ** annual ******* **** **** ********.
*******, ******* ** ***** ********* ***** the ***** ******** ** **** ****** and *** ****-**** ********** ** ***** high-priced ******* **** ********* ******* ** shootings.
**** & *****?
* **** ***** ** ** *****.