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LONDON, UK / ACCESSWIRE / May 08, 2018 / If you want access to our free research report on Axon Enterprise, Inc. (NASDAQ: AAXN), all you need to do is sign up now by clicking the following link www.active-investors.com/registration-sg/?symbol=AAXN as the Company's latest news hit the wire. On May 04, 2018, the Company announced that it has acquired VIEVU, a leader in body-worn camera and video evidence management and a subsidiary of The Safariland Group. Axon and Safariland have also entered into a 10-year strategic agreement pursuant to which Safariland will become the preferred holster supplier for Axon's TASER Conducted Electric Weapon (CEW). Register today and get access to over 1,000 Free Research Reports by joining our site below:
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Active-Investors.com is focused on giving you timely information and the inside line on companies that matter to you. This morning, Axon Enterprise most recent news is on our radar and our team decided to put out a fantastic report on the company that is now available for free below:
- The terms of the deal include cash, stock, and stock earn-out. The purchase consideration remains undisclosed.
- The majority of VIEVU's employees are based in Seattle and are expected to be integrated into Axon's Seattle office.
- VIEVU is a public safety camera and cloud-based evidence management system provider to hundreds of law enforcement agencies, including the New York City Police Department, the Miami-Dade Police Department, the Phoenix Police Department, the Oakland Police Department and the Aurora, CO Police Department. Axon will begin servicing those customers immediately.
New Partnership will Give Customers Access to Axon Updated Software Features
Commenting on the acquisition, Sean McCarthy, General Manager of VIEVU, stated that the Company is incredibly proud of the team and technologies it has built at VIEVU.
Sean added that as the Company has been scaling its hardware to meet customer needs, it has realized that many of the software features the customers have been requesting already exist on the Axon's network. He further said that since Axon has made a significant investment in software R&D, this new partnership will give the customers access to these features sooner than it would take for VIEVU to build them.
Integration of VIEVU's Digital Evidence Management Solutions with Axon's Suite of Products will Create Stronger Portfolio of Best-in-Class Products
Warren Kanders, Chairman and Chief Executive Officer of Safariland, mentioned that the integration of VIEVU's digital evidence management solutions with Axon's suite of products and services will create an even stronger portfolio of best-in-class products to better serve customers and safeguard those who dedicate their lives to protecting others.
Kanders added that Safariland is pleased that Axon shares Safariland's commitment to innovation and to delivering leading products for public safety professionals, and very excited to leverage its expertise in holsters and duty gear into becoming the preferred holster provider for TASER CEWs. This transaction enables Safariland to focus its resources where they will deliver the greatest value to all its stakeholders.
About VIEVU and The Safariland Group
Founded in 2007 and headquartered in Seattle, Washington, VIEVU, a brand of the Safariland Group, is a leading provider of body-worn camera and video technologies, providing secure, high-quality video cameras for law enforcement, security, emergency medical services, first responders, and retailers.
Safariland is a leading global provider of a broad range of safety and survivability products designed for the public safety, military, professional and outdoor markets. It offers a number of recognized brand names in these markets including Safariland®, Med-Eng®, ABA®, Second Chance®, VIEVU®, Mustang Survival®, Bianchi®, Break Free®, Protech® Tactical, Defense Technology®, Hatch®, Monadnock®, Identicator® and NIK®. Safariland acquired VIEVU in 2015.
About Axon Enterprise, Inc.
Founded in 1993, Axon (formerly TASER International) is a network of devices, apps, and people that helps law enforcement become smarter and safer. The Company's technologies give law enforcement the confidence, focus, and time they need to keep their communities safe.
Stock Performance Snapshot
May 07, 2018 - At Monday's closing bell, Axon Enterprise's stock marginally advanced 0.85%, ending the trading session at $44.93.
Volume traded for the day: 1.26 million shares, which was above the 3-month average volume of 1.12 million shares.
Stock performance in the last month – up 7.39%; previous three-month period – up 79.50%; past twelve-month period – up 80.08%; and year-to-date - up 69.55%
After yesterday's close, Axon Enterprise's market cap was at $2.38 billion.
Price to Earnings (P/E) ratio was at 181.17.
The stock is part of the Industrial Goods sector, categorized under the Aerospace/Defense Products & Services industry. This sector was up 0.8% at the end of the session.
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