Business · Companies · 17 hrs ago
Codan to buy US emergency communications company Eventide for $244 million
Australian technology company Codan will pay $244 million for US firm Eventide, mostly in cash.
Eventide makes systems that record and analyse calls and other activity in emergency call centres and control rooms.
Its recorders are widely used for 911 emergency calls in the United States, and its customers also include defence and utilities organisations.
Codan already sells Eventide products through its Zetron division, and says the purchase will add recording, replay and investigation tools to Zetron's call-taking and dispatch systems.
Codan hopes to use its global sales network to expand Eventide beyond its core US market and reach more defence customers.
Eventide is expected to generate $49 million in revenue and about $17 million in EBITDA this calendar year, while Codan expects the deal to lift margins over the medium term and increase revenue from outside conflict-related markets.
Codan Ltd will buy US emergency communications company Eventide for $244 million, mostly in cash.
Eventide makes recording and analytics technology used in emergency call centres and operational control rooms.
Codan says the acquisition will expand its Zetron division's services beyond call taking and dispatch.
Eventide was expected to generate $49 million in revenue and about $17 million in EBITDA in 2026.
Codan plans to use Zetron's global network to expand Eventide's reach beyond the US and into defence-related markets.
- Who
- Codan Ltd is buying Eventide, a US company.
- What
- Codan will pay $244 million, mostly in cash, to acquire Eventide.
- When
- Codan announced the acquisition on 9 November 2026.
- Where
- Eventide is based in the US, its core market.
- Why
- Codan says Eventide's technology will expand Zetron's capabilities and customer reach, including in defence-related markets.
This story does not have two clearly opposing sides.
Eventide released a cloud-based extension called Critical Insights AI.
Codan announced it would acquire Eventide for $244 million, mostly in cash.
- Purchase price
- $244 million
- Cash payment
- Mostly in cash
- Eventide revenue forecast
- $49 million in 2026
- Eventide EBITDA forecast
- About $17 million in 2026
- Additional shares
- $11 million in Codan shares to Eventide's managing director over three years
What people are saying
Eventide's technology records and securely stores calls, video, radio and screen activity in emergency call centres and operational control rooms, capturing how calls and data are handled and responders are dispatched.
By leveraging Zetron's global presence and distribution network, Codan believes it will be able to expedite Eventide's geographic expansion outside of its core market presence within the US and further broaden its customer reach into defence-related verticals.