AXON ENTERPRISE, INC. acquired Invictus Apps, Inc. ("Prepared") for incremental consideration of approximately $728.2 million for the remaining 99.2% interest; total cash paid (net of cash acquired and equity consideration attributable to pre-combination service) of approximately $624.1 million, subject to customary purchase price adjustments, a transaction completed in October 2025, structured as combination.
Invictus Apps, Inc. ("Prepared") operates in Software & Services - emergency communications / Axon 911. Prepared (Invictus Apps, Inc.) is a leading provider of AI-powered emergency communications software whose AI features layer on top of existing call-taking and computer-aided dispatch (CAD) systems, instantly improving efficiency and enabling faster emergency response.
Axon stated the acquisition aligns with its strategy of pairing deep organic investment with targeted acquisitions to accelerate innovation, attract exceptional talent and broaden capabilities; Prepared powers AI features that layer on existing call-taking and CAD systems with workflows connected to Axon's real-time operations and evidence-management solutions.
Prepared's AI overlay improves efficiency of legacy call-taking/CAD systems without a rip-and-replace, complementing Carbyne's full-stack platform. With Carbyne, forms the Axon 911 ecosystem - AI-enabled 911 communications natively integrated into Axon's network. Part of Axon's Software & Services / Axon 911 offering Axon FY2025 10-K: "On October 1, 2025, we acquired the remaining 99.2% interest in Invictus Apps, Inc. ('Prepared'), a leading provider of AI-powered emergency communications software. ... Incremental consideration transferred was approximately $728.2 million..."
Advisory firms were not disclosed for this transaction.