Baton Rouge software developer Kologik has acquired the assets of COPsync, a Dallas company that sells a law enforcement messaging system allowing officers to share information and communicate in real time.
Financial terms of the deal were not disclosed in a press release issued this morning. However, Kologik says the combined firms will have a data-sharing network that includes Texas, Louisiana and Mississippi.
It will take several months to fully integrate the companies, Kologik adds.
“The stack of technologies that these two companies offer will dramatically increase the size of any network of data currently being accessed by local or regional law enforcement today,” Kologik CEO Matthew Teague says in a statement.
COPSync filed for Chapter 11 bankruptcy in September, citing assets and liabilities between $1 million and $10 million each and as many as 1,000 to 5,000 creditors.
The Dallas Morning News documented the company’s fall from grace after raising $10.6 million in a stock offering and launching on NASDAQ two years ago, reporting the firing of its chief executive in March and infighting among board members.
A federal bankruptcy court in New Orleans approved the Kologik’s purchase of COPSync’s assets in late November. The COPsync System—which will continue to operate under the same name within Kologik’s product service offerings—comprises more than 820 U.S. law enforcement agencies and U.S. courts.
Kologik also offers technology that allows law enforcement officers to share information.
