Ottawa, Canada., Dec. 8, 2020 -- Versaterm, a leading provider of cloud-based software for the public safety market, announced that its management team and Banneker Partners, an enterprise software-focused investment firm, have acquired control of the company. The entire Versaterm executive team will retain ownership stakes in the company as they partner with Banneker to invest in growing the team, continued product innovation, and building stronger customer relationships.
Versaterm has proudly served the public safety market for over 40 years, building an enviable reputation for providing industry-leading mission-critical products to Police, Fire, and EMS agencies across North America. Agencies such as Toronto, Salt Lake City, Phoenix, Vancouver, and many more all trust Versaterm’s solutions to deliver the highest level of reliability. Warren Loomis, Versaterm CEO, said “This is an exciting time for us. We’re experiencing significant growth, with increased sales and installations of our public safety products. We look forward to this journey as we combine Versaterm’s product and industry leadership with Banneker’s operational excellence model.”
Banneker Partners invests in its portfolio companies to help them provide even better solutions and services to their customers. “Versaterm’s robust technology platform and innovative product portfolio are essential tools for public safety agencies performing mission-critical work that make our communities safer,” said Stephen Davis, Banneker Partners’ Managing Partner. Matt McDonald, Partner at Banneker, added “We are excited to join forces with Versaterm’s talented management team to drive continued growth, as we build upon their leading public safety platform and bring new solutions to the market.”
Banneker Partners has deep experience in the software technology sector, with investments in a wide range of software companies including LINQ, Core Business Technologies, Routeware, Dairy.com, IQMS, and more.
Sampford Advisors acted as exclusive financial advisor to Versaterm.
Versaterm, Inc. offers CAD and records systems to public safety agencies in North America and the Caribbean. It offers records management systems, fire records management systems, computer-aided dispatch systems, mobile workstations, law enforcement information sharing portal, and crime analysis package. www.versaterm.com
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