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Magnet Forensics Acquires DME Forensics for Upfront Consideration of USD 6.75m
Wednesday 15 September 2021

Canadian digital investigation software developer Magnet Forensics Inc. (TSX: MAGT) has acquired Colorado-based video and multimedia evidence solution DME Forensics Inc., for an upfront consideration of USD 6.75m, the company said.

Under the terms of the agreement, Magnet Forensics' US affiliate will acquire DME in an up-front cash consideration plus a USD 2.25m earn out over two years based on the achievement of certain integration-focused targets.

DME develops video and multimedia evidence solutions that are used by public safety organisations in over 80 countries in investigations of terrorism, civil unrest, homicide, property crimes, child exploitation and other crimes.

DME's DVR Examiner enables investigators to recover video and metadata evidence from digital video recorder systems in a forensically sound manner.

The acquisition will allow Magnet Forensics to integrate these capabilities into its digital investigation solutions and continue to sell DVR Examiner through its own sales and distribution channels.

Founded in 2010, Magnet Forensics is a developer of digital investigation software that acquires, analyses, reports on, and manages evidence from digital sources, including computers, mobile devices, IoT devices and cloud services.
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Date Published: 15/09/2021

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