News Summary

Ottawa-based Versaterm has acquired Austin, Texas-based DroneSense for over $100 million USD, integrating DroneSense’s universal drone management platform into its public safety software suite. This acquisition allows Versaterm’s public safety agency clients to deploy drones to incident scenes as routinely as traditional patrol or fire units. The deal aligns with recent regulatory relaxations on unmanned aerial vehicles in both the US and Canada, creating new industry opportunities. The acquisition is expected to increase Versaterm’s revenue by over $10 million USD and expand its customer base by 1,300. Versaterm, known for its computer-aided dispatch and other public safety systems, continues its growth trajectory following several acquisitions since 2020.