OrangeHook and Kologik to merge for first responder identification and tracking solutions
Cloud identification and authentication company OrangeHook and public safety application provider Kologik are planning to merge to provide tracking and logistics solutions to first responders and law enforcement agencies across the U.S.
The two companies have signed a non-binding letter of intent, and plan to up-list to a national exchange, either the NASDAQ or NYSE, by the end of the year. The combined entity will provide software to first responders from more than 25,000 in all states, for a total of more than one million users.
Interoperable tracking technology from OrangeHook, along with credentialing, and its Salamander and LifeMed ID products will be combined with Kologik’s broad suite of interoperable public safety applications. The companies describe their combined products as helping “from the patrol car to dispatch,” and in records management, jail management, and all acute crises. The applications can deliver information, identification, authentication, credentialing, tracking, and reporting for different populations in schools, natural disaster areas, large scale events, prisons, healthcare, and commercial applications, according to the announcement. The merged business will focus on school safety applications at its outset.
OrangeHook subsidiary LifeMed ID will also benefit from the merger, according to the announcement, and will focus on providing patient identity linking to a biometric token and health records.
“Our strategic relationship and joint solution are truly driven by customer demand in the educational and law enforcement markets,” James L. Mandel, CEO of OrangeHook, Inc. states. “Schools need comprehensive data to drive better emergency outcomes, with lower costs, in a flexible centric manner, all of which are offered by the OrangeHook and Kologik applications. The benefits of superior big data efficiency, artificial intelligence (AI), mobility, and built-in data protection that is compliant with pre-existing applications, we believe are achieved only with the OrangeHook and Kologik solutions.”
“We’re excited by the opportunity to join OrangeHook in providing the most inclusive suite of services in the public safety sector,” says Kologik CEO Matthew Teague. “The synergies among our companies will allow us to continue to further our mission of enhancing public safety in cities and campuses nationwide.”
Those synergies also lead the combined companies to expect to be EBITDA-positive in full-year 2019. After merging, Kologik will own roughly 60 percent of the combined company, and OrangeHook equity holders will own the rest, subject to conditions in the LOI.