Codan agreed to acquire U.S.-based Eventide Communications through its Zetron subsidiary at an enterprise value of approximately A$244 million, adding emergency-call recording and analytics to its communications business.
The binding agreement announced by Codan covers 100% of Eventide Communications LLC. Completion was expected in early 2027, subject to regulatory conditions. The deal had not closed.
Eventide had more than 9,000 live recorders across 80 countries, including over 4,000 in U.S. 911 public safety answering points, Codan said. Its systems record calls, video, radio and screen activity, while its Critical Insights AI platform adds tools such as transcription and search. Eventide Communications became a standalone legal entity separate from Eventide Inc. and Eventide Audio in 2023; this was not a purchase of the music-audio business.
Codan said Eventide was on track for calendar-2026 revenue of about A$49 million and EBITDA of about A$17 million. Funding would combine cash, debt and up to approximately A$11 million in Codan shares issued to Eventide’s managing director over three years after completion. These figures were in Australian dollars, and the operating figures were company projections rather than final annual results.
Eventide’s managing director and chief technology officer, Matthew Schwartz, and its senior leadership team would remain, Zetron said. The company also said Eventide would continue supporting other communications platforms and its existing distribution network.
JBizNews Desk | Business & Technology
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