A new deal allows ICOP to spearhead Safety Vision’s Law Enforcement Group.
HOUSTON, Texas – SAFETY VISION, a provider of mobile video and fleet automation solutions, recently acquired Lenexa, Kansas-based ICOP DIGITAL, a provider of Tier I mobile video solutions for law enforcement, fire and EMS markets worldwide.
Safety Vision first loaned ICOP $500,000 in debtor-in-possession financing and then paid $800,000 plus 50% of any net accounts receivable, said Melissa Foteh, marketing communications coordinator for Safety Vision.
“This is a great day for Safety Vision and the ICOP customer base,” said Bruce Smith, CEO of Safety Vision. “As a competitor, we have admired ICOP’s technology and growth for many years. When the opportunity presented itself to not only acquire a great technology company but also talented personnel, we rolled up our sleeves and started working on making it happen. Today is the culmination of many months of hard work by dedicated Safety Vision and ICOP personnel doing their utmost to serve our loyal customer base.”
Since 1993, Safety Vision has grown in video solutions for the transit, school bus and collision avoidance markets. “The acquisition of ICOP enables Safety Vision to focus and grow the law enforcement segment of our business with a robust, proven technology platform and a great customer base,” added Smith.
"ICOP closed operations in December 2010, and at that time, ICOP laid off their employees,” Foteh said. “Safety Vision brought on about a dozen former ICOP employees,” which include a core group of technology, sales and support professionals.
ICOP and Safety Vision already have begun implementing the transition plan to integrate products, personnel, and back-office systems. “Our goal is to make the transition process as smooth as possible for our combined customer base while retaining the superior customer service that has been the hallmark of our brand. Accordingly, our first priority will be to ensure existing customers are taken care of in terms of service, repair, and order fulfillment,” Smith said.
With this acquisition, ICOP becomes a wholly owned subsidiary of SAFETY VISION and will spearhead Safety Vision’s Law Enforcement Group.
Safety Vision offers mobile video solutions that include onboard surveillance, collision avoidance, and driver behavior modification systems. Components include mobile digital video recorders (MDVRs); rear-, side-, and forward-view interior and exterior cameras featuring infrared technology; in-cab monitors; video-viewing and video-sharing software; and vehicle monitoring software featuring GPS. Advanced surveillance system technology enables the secure capture, automated wireless download, and simplified back-end management of video, audio, and other evidentiary data.
ICOP Digital, Inc. (Nasdaq: ICOP) is a provider of in-car video and mobile video solutions for law enforcement, military, and homeland security markets worldwide. ICOP solutions help the public and private sectors mitigate risks, reduce losses, and improve security through the live streaming, capture and secure management of high quality video and audio.
Sources: SAFETY VISION; Michael Campos, LCT assistant editor