REKR - Mergers and acquisitions

Company acquires its eighth casino customerCOLUMBIA, MD / ACCESSWIRE / March 24, 2023 / Rekor Systems, Inc., (NASDAQ:REKR) ("Rekor" or "the Company"), a global AI technology company with a mission to provide insights that build safer, smarter, and more efficient cities around the world through intelligent infrastructure, today announced that the Palms Casino Resort ("Palms") has purchased a multi-year contract for Rekor's AI-powered platform for intelligence-led public safety, Rekor Scout™ as well as a number of Edge Max systems, Rekor's industry-leading vehicle and license plate recognition systems, as a key part of the resort casino's new plans to enhance property security as well as guest

Highlights:Company completed the acquisition of Southern Traffic Services ("STS"), a traffic engineering firm specializing in traffic data collectionRecurring revenue increased to 48% of total revenue for the three and six months ended June 30, 2022, respectively, as compared to $21% for the three and six months ended June 30, 2021Performance obligation increased to $31.9 million as of June 30, 2022, compared to $22.6 million as of December 31, 2021Rekor Systems Intelligent Infrastructure Solution was selected by Missouri Department Of Transportation ("MoDOT") to improve Highway Congestion and Reduce Traffic FatalitiesRaised $20.4 million in net cash proceeds during the first half of 2022 wi

PRINCETON, N.J. and EDMONTON, Alberta, July 20, 2021 (GLOBE NEWSWIRE) -- ROKER Inc., a provider of technology solutions aimed at urban space management inclusive of parking and enforcement, today announced that it has closed on a deal to acquire SecurePark Technologies of Edmonton, Alberta, Canada. Founded in 2009, SecurePark offers a software-as-a-service (SaaS) parking enforcement platform for municipalities, parking operators, airports, schools, hospitals, security and property management users. The deal was structured as an asset purchase with the seller receiving an undisclosed amount of cash and stock as consideration. It closed on July 15, 2021, and all SecurePark employees are now