FARO acquires ARAS 360 Technologies Inc
FARO Technologies, Inc., the world’s most trusted source for 3D measurement, imaging, and realization technology, announces the acquisition of ARAS 360 Technologies Inc., a global leader in the development of accident and crime reconstruction, simulation and animation software.
Founded in 2010 and headquartered in Kamloops, British Columbia, ARAS 360 produces a full suite of accident and crime reconstruction software tools that offer advanced graphics, advanced analytical tools, and the ability to work with large point cloud data sets from 3D laser scanners. The company’s newest product, FARO Reality, is a 64-bit crash and crime software solution that was launched in November 2014. FARO Reality provides customers with an intuitive and user-friendly interface enabling them to quickly generate precision diagrams with stunning details and graphic realism.
“The acquisition of ARAS 360 will help FARO create a complementary suite of integrated 3D documentation product offerings for our law enforcement customers,” stated Jay Freeland, FARO’s President and CEO. “By adding the ARAS 360 products to our portfolio, along with the product offerings of the FARO CAD Zone which we acquired last year, customers can now document and analyze any crime or accident scene with the most intuitive and powerful drawing, simulation and animation tools in the market.”
The all-cash transaction includes an initial payment as well as future earn out payments.
