Genasys to Buy Evertel in $5.8M Cash and Stock Deal

▤ Summary

Genasys agreed to acquire Evertel from Word Systems Operations for approximately $5.8 million in a cash and stock deal. Genasys, which provides communications hardware and software solutions, said the acquisition would consist of about 75% stock and 25% cash, with the cash consideration being financed through cash on hand. The deal is expected to close in the first week of October. "Combining the two solutions will revolutionize inter and intra agency collaboration, adding a compliant, real-time layer of communication and intelligence sharing between first responders and emergency managers," said Genasys Chief Executive Richard Danforth.

▦ Linked Companies

Evertel

$1M to $5M