This acquisition strengthens Appian's commitment to the policing, security and counter terrorism markets in the UK and worldwide. It will increase the enlarged company's penetration into the security, traffic and commercial ANPR markets in the UK and internationally, broaden its ANPR technology and supporting product offerings to these markets and increase the scale of the combined businesses with benefits in sales, marketing, research and development.
Genesis, established in 1999, supplies the "Shark" range of ANPR products including in car and back office systems. Customers include a number of police forces in the UK which are complementary to Appian's customer base. Genesis has also developed ANPR based products which it sells into the petrol forecourt and commercial access control markets.
The combination of Appian and Genesis will significantly increase the scale of operations and with its enhanced financial strength, will enable the combined companies to further improve its product range and customer service.
Appian Chairman Pat Ryan said: "The acquisition of Genesis demonstrates Appian's commitment to the ANPR market and represents a significant step in confirming us as the leading ANPR supplier in the UK and worldwide. The deal particularly strengthens our position as a worldwide leader in the police market, broadens the range of products and services we can offer our existing customer base, while at the same time expanding that base into new commercial sectors. The fund raising underlines the commitment from our investors to our growth strategy and I hope we as a Board, can reward them by continuing the development of our business in the UK and internationally."