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LEADSONLINE ACQUIRES FORENSIC TECHNOLOGY INC. FROM ULTRA ELECTRONICS

05 September 2023

The combined company provides industry-leading technologies to help local,
federal and international law enforcement agencies advance criminal
investigations faster.

 

PLANO, Texas, Sept. 5, 2023 – LeadsOnline LLC, a provider of data, technology
and intelligence tools to U.S. law enforcement agencies, today announced it has
acquired Forensic Technology Inc., a leader in 3-D imagery and automated
ballistic identification, from Ultra Electronics. With this transaction, two
leading technology companies join forces to provide global law enforcement
agencies with enhanced data and tools to advance their cases faster – from
thefts to homicides and, particularly, gun crimes.

A pioneer in the field, Forensic Technology created the world’s most advanced
ballistic identification solution, IBIS (Integrated Ballistic Identification
System), more than 30 years ago. IBIS is used today in more than 80 countries to
combat and prevent crimes involving firearms and has helped public safety
agencies solve hundreds of thousands of crimes worldwide.

“LeadsOnline has served U.S. law enforcement for more than 20 years, empowering
local, state and federal agencies with unique data to work their cases more
efficiently,” explained Alex Finley, CEO of LeadsOnline. “With Forensic
Technology, we have an unprecedented opportunity to bring together powerful
crime-solving capabilities to advance gun-related investigations faster. Given
the shortage of law enforcement resources amid rising gun violence, we believe
we have a duty to innovate, so investigators have access to broader intelligence
to seek justice for victims and their families.”

The combined company will be headquartered in Plano, Texas, under the leadership
of Finley, who joined LeadsOnline in 2019 as the Director of Strategy and became
CEO in 2021. Forensic Technology will operate as a LeadsOnline company with the
current Forensic Technology management team continuing to serve in their
leadership roles. The company’s combined global employee base totals more than
300, bringing together differentiated law enforcement and technical expertise to
deliver next-generation, post-incident resolution solutions.

“We are excited to find a home with LeadsOnline where we can expand the ways we
serve the global law enforcement community,” said Alvaro Venegas, President of
Forensic Technology. “Our teams are passionate about serving our clients, many
of whom we now share, enabling us to deepen those relationships and extend the
network effect of both companies’ solutions. Most importantly, we will work in
tandem to enhance our existing offerings and develop new technologies to further
serve investigators in making our society safer.”

Today, more than 22,000 businesses have used the LeadsOnline flagship solution
to report 1.7 billion nationwide transactions and counting, as required by local
jurisdictions. The company has added other solutions to its technology platform
in recent years, including software for easier analysis and visualization of
complex mobile device and geolocation data. With the acquisition of Forensic
Technology, LeadsOnline enhances the investigative value of these solutions and
expands its international reach, positioning it to serve a larger network of law
enforcement agencies.

LeadsOnline is privately held and backed by global private equity firm TA
Associates (TA). “We are thrilled to be partnered with the LeadsOnline team and
fully support their dedication to helping those who protect and serve,” said
Amara Suebsaeng, Director at TA. “We believe LeadsOnline and Forensic
Technology, together, are uniquely positioned to make the world a safer place by
creating an end-to-end solution for gun crime investigations. We are excited to
continue investing in the combined business to grow its suite of investigative
solutions to enable law enforcement agencies across the world to solve a broad
spectrum of crimes.”

Forensic Technology’s offices in Montreal, Quebec, Canada; Dublin, Ireland;
Pretoria, South Africa; Bangkok, Thailand; and Largo, Florida, will remain open
as key operational, support and training hubs.

LeadsOnline and TA were represented by Goodwin Procter as legal counsel and
Deloitte as financial advisor. Advent International and Ultra Electronics were
represented by Harris Williams as exclusive M&A advisor, Kirkland & Ellis as
legal counsel, and KPMG as financial advisor.

The terms of the transaction were not disclosed.

 

About LeadsOnline

LeadsOnline serves more than 70,000 investigators at 5,500 U.S. law-enforcement
agencies by providing data, technology and intelligence tools. Investigators and
crime analysts with local, state and federal jurisdictions use LeadsOnline data
to identify suspects, stolen items and patterns of individual and organized
criminal activity. More than 22,000 businesses, such as pawn shops, secondhand
stores, scrap-metal recyclers and online marketplaces, use LeadsOnline more than
any other system to comply in reporting sales transactions to law enforcement.
The company was founded in 2000 and is based in Plano, Texas. Please visit
www.leadsonline.com for more information. 

 

About Forensic Technology

Forensic Technology is the pioneer of automated ballistic identification and the
creator of IBIS (Integrated Ballistic Identification System) technology used in
more than 80 countries to combat and prevent firearm crime. During the last 30
years, the company has championed innovative technology and invested in research
and development that furthers the creation and enhancement of new crime-fighting
solutions to make the world safer. The company was established in 1991 with
headquarters in Montreal, Quebec, Canada, and support and training offices in
Africa, Asia, Europe and the United States. For more information, please visit
www.ultra-forensictechnology.com.

 

About TA

TA is a leading global private equity firm focused on scaling growth in
profitable companies. Since 1968, TA has invested in more than 560 companies
across its five target industries – technology, healthcare, financial services,
consumer and business services. Leveraging its deep industry expertise and
strategic resources, TA collaborates with management teams worldwide to help
high-quality companies deliver lasting value. The firm has raised $65 billion in
capital to date and has more than 150 investment professionals across offices in
Boston, Menlo Park, Austin, London, Mumbai and Hong Kong. More information about
TA can be found at www.ta.com.

 

# # #

 

Media Contact:

Bunny Tharpe

bunnytharpe@leadsonline.com

404-550-3485

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