Private equity-backed Polaris Software has acquired Massachusetts-based Sitestream as it expands into the US public sector compliance market.
Banbury-based Polaris partners with all UK police forces, enhancing their digitisation and optimisation efforts to free up public resources, increase productivity and reduce costs.聽
Sitestream has long leveraged Polaris鈥� platform. The acquisition paves the way for large-scale expansion across a wide range of municipal compliance applications in the US.
This announcement follows Polaris鈥� acquisition of Clarity Information Solutions in October 2024, bringing a total of five companies under the umbrella since August Equity first backed the business in 2023.
The investment for August is managed by Mehul Patel, Greg Walsh and Ollie Reynolds.聽
鈥淏ringing Sitestream into the portfolio demonstrates our ongoing commitment to identify adjacent businesses, assemble sector leaders and generate sustainable organic growth through strategic, market-expanding M&A,鈥� said Patel.聽
鈥淲e are excited to be building a high-quality market leader and expand the Polaris brand into the US. This trend continues the internationalisation of our portfolio companies including Integrity 360 and One Touch.鈥�
Kevin McCallum (pictured), CEO of Polaris, added: 鈥淲e are thrilled that Sitestream has joined the group. Our companies have shared vision and values which will propel us into new geographies as well as new areas of compliance, safety and data-driven decision-making.聽
鈥淭ogether, with in-depth industry knowledge and excellence in software innovation, we can change driver behaviour and elevate road safety for all who share the road.鈥�