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Tag Archives: Novume Solutions

Novume Closes Purchase of AI-Based Vehicle Recognition Tech Maker OpenALPR

Novume Solutions (Nasdaq: NVMM) has finalized its acquisition of artificial intelligence-based vehicle recognition software developer OpenALPR Technology for an undisclosed sum. Novume said Wednesday Matt Hill, founder and chief technology officer of OpenALPR, will serve as chief science officer at Novume. “By joining Novume, we will gain access to influential …

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Novume to Purchase NeoSystems Via Cash-and-Stock Deal

Novume Solutions has agreed to acquire back office management company NeoSystems for an undisclosed sum through a cash-and-stock transaction. Chantilly, Virginia-based Novume said Monday it expects to wrap up the acquisition in the first quarter of 2018, pending customary closing conditions. The transaction covers the assumption of some liabilities of NeoSystems and …

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