ShotSpotter

#5639

Rank

$351.52M

MarketCap US

US United States

Country

Summary
ShotSpotter, Inc. provides precision-policing and security solutions for law enforcement and security personnel in the United States, South Africa, and the Bahamas. Its solutions include ShotSpotter Respond, a public safety solution, which serves cities and municipalities to identify, locate, and deter gun violence by incorporating a real-time gunshot detection system into their policing systems; and ShotSpotter Connect, a patrol management software to help plan directed patrols and tactics to deter a broad set of crime types. The company also provides ShotSpotter SecureCampus and ShotSpotter SiteSecure that helps the law enforcement and security personnel serving universities, corporate campuses, big-box retail, malls, and key infrastructure or transportation centers to mitigate risk and enhance security by notifying authorities of a outdoor gunfire incident and saving minutes for first responders to arrive. In addition, it offers ShotSpotter Investigate, a cloud-based investigative platform to help law enforcement agencies modernize every phase of an investigation and accelerate case work with easy-to-use software tools. Further, it provides ShotSpotter Labs, a technology to adapt and extend commercial technology to address significant wildlife and environmental issues. The company sells its solutions through its direct sales teams. ShotSpotter, Inc. was founded in 1996 and is headquartered in Fremont, California.

History

ShotSpotter was founded by Robert Showen in the 1990s while he was working for SRI International. He created a company in 1996 and tested prototypes in Redwood City, California. Its early success was described by Wired as being "due to good PR, not good technology." James Beldock joined as CEO in 2003 as a "turnaround specialist"; in 2005 the company merged with Centurist Systems, which was creating acoustic sniper location systems for the military; Centurist held a "deceptively simple patent" for the location algorithm. Centurist's CEO, Scott Manderville, became president of the board.As of 2021, the acoustic locator technology was installed in 125 cities and 14 campuses, covering 911 square miles.:?4? The locators are typically installed at 20–25 sensors per square mile and primarily connected via 4G networks .:?39? In 2020, Chicago was 18% of the company's revenue, and New York City was 15%.Ralph Clark was named CEO of ShotSpotter in 2010. The company went public in June 2017. The company authorized a stock buyback program in 2019 and bought back $8.3 million by the end of 2020.The company's gross revenues were $58.2 million in 2021 , up from $45.7 million in 2020 and from $40.8 million in 2019 . The company had a net loss of $4.4 million in 2021, in part from nonrenewal of contracts and increases in legal costs, PR from Trident DMG, and lobbying.Toronto, Ontario has declined to use the technology, as the Ministry of the Solicitor General believes it violates Section 8 of the Canadian Charter of Rights and Freedoms. The company previously provided indoor gunfire locator technology, but discontinued it in 2018.

Studies

A June 2021 study in the Journal of Experimental Criminology stated the system "may be of little benefit to police agencies with a pre-existing high call volume. Our results indicate no reductions in serious violent crimes, yet increases demands on police resources." An October 2021 paper in the Journal of Urban Health, studying the longitudinal effects of ShotSpotter over a 17 year period, found "implementing ShotSpotter technology has no significant impact on firearm-related homicides or arrest outcomes. Policy solutions may represent a more cost-effective measure to reduce urban firearm violence."The NYU School of Law Policing Project published a paper in 2021, "Measuring the effects of ShotSpotter on Gunfire in St. Louis County, Mo". The paper indicated a significant drop in gun violence in the area. However, the paper also discloses that ShotSpotter "has provided the Policing Project with unrestricted funding".Jennifer Doleac told Voice of San Diego that ShotSpotter "resisted attempts to do a rigorous evaluation of its impacts", noting "they’ve clearly found that they can get cities to sign their contracts without such evidence."


Mission
To reduce gun violence in disadvantaged communities by providing real-time, detailed data and analytical tools that enable law enforcement and other local authorities to quickly and accurately respond to firearm incidents and conduct investigations.

Vision
To empower all communities with the use of technology and data to reduce firearm violence and make neighborhoods safe.

Key Team

Dr. Robert L. Showen (Founder & Chief Scientist)

Dr. Robert Calhoun (Founder)

Mr. Jason Dunham (Founder)

Mr. Paul S. Ames (Sr. VP of Products & Technology)

Mr. Robert Samuel Klepper (Sr. VP of Marketing & Product Strategy)

Ms. Nasim Golzadeh (Sr. VP of Customer Support & Professional Services)

Mr. Dan Leston (Managing Director of LEEDS)


Recognition and Awards
ShotSpotter has been recognized with awards from The American Society of Industrial Security International, the FBI National Academy Associates and the International Association of Chiefs of Police . We have also been featured in multiple publications and have been honored as one of America’s Fastest Growing Companies by Inc. Magazine.

References
ShotSpotter
Leadership team

Mr. Ralph A. Clark (Pres, CEO & Director)

Mr. Alan R. Stewart (CFO & Sec.)

Mr. Gary T. Bunyard (Sr. VP of Sales & Security)

Products/ Services
GovTech, Law Enforcement, Security, Service Industry
Number of Employees
100 - 500
Headquarters
Fremont, California, United States
Established
1996
Company Registration
SEC CIK number: 0001351636
Revenue
20M - 100M
Traded as
SSTI
Social Media
Sun Mar 03 2024
About

businessabc offers a global business, SMEs wiki directory blockchain, NFTs, AI powered marketplace for businesses worldwide.

Follow Us
Produced by
In collaboration with
Logo

Copyright 2023 © businessabc powered by ztudium