Today at the International Association of Chiefs of Police annual conference in Chicago, IL, TASER International, Inc. (NASDAQ:TASR) and Microsoft Corporation (NASDAQ:MSFT) announced a partnership agreement that will bring together the global scale, technology breadth, and security commitment of both companies through the combined capabilities of the Microsoft Azure’s cloud platform, and Windows 10 devices with TASER’s Axon Platform and Evidence.com solution.
This partnership will provide a security-enhanced digital evidence management experience for law enforcement in an efficient and low-cost environment. As part of their work together, TASER and Microsoft will create an integrated approach to capturing and managing evidence including ingesting, retrieving, sharing, analyzing and archiving video, sensor and other data to support law enforcement and criminal justice officials as they work toward creating safer communities.
Microsoft and TASER’s global commitment to security and privacy compliance will also provide law enforcement agencies with the peace of mind to entrust both companies with the most sensitive of data. In the United States, Microsoft is the only major cloud provider that provides a contractual commitment to the FBI’s CJIS Security Policy with its law enforcement customers.
“We’re incredibly excited to announce our partnership with Microsoft, a recognized public sector leader with valued products across police agencies’ technical needs,” says TASER Founder and CEO Rick Smith. “Microsoft Azure is well known for its industry-leading security and reliability and, with it, we can provide the most secure and compliant cloud capability to our customers. I’m also excited to announce that the new partnership offers future opportunities for Axon customers to leverage even more cutting-edge technologies with Microsoft’s expertise in data analytics, machine learning and computer vision.”
Through the longstanding history and commitment that each company has with law enforcement entities around the globe, the two companies will collaborate on market development and new solutions in the US and around the world.
“TASER is revolutionizing how law enforcement captures, processes, and shares digital evidence,” said Curt Kolcun, Vice President of U.S. Public Sector at Microsoft. “By combining this expertise with Microsoft’s intelligent cloud, device and data technologies, we will collectively bring to life not only the ‘mobile precinct’ approach for positive policing, but we’ll do it within the highest of compliance standards of privacy and security around the globe.”
Evidence.com streamlines agencies’ operations throughout the entire evidence management process. With Microsoft’s platform level of automation and connectivity, government entities will be able to function more efficiently all the way from the law enforcement agency to the prosecutor, defense and courts than previously possible.
Axon’s Azure integration is expected to be available for preview in Q4 2015 and publicly available to all agencies in Q1 2016. Current U.S.-based Axon customer data will be maintained at the highest levels of security and compliance in accordance with TASER’s current Service Level Agreements. Customers will continue to experience a high level of service and will not see any change in Axon’s cloud service pricing. All customers will have the option to move their data to Microsoft Azure Government at no additional cost. “We’re proud to offer our customers industry-leading security, reliability, and availability from our Evidence.com solution in the cloud,” Rick Smith further noted. (Original Source)
Shares of Taser International last Friday at $22.36. TASR has a 1-year high of $35.95 and a 1-year low of $15.11. The stock’s 50-day moving average is $23.54 and its 200-day moving average is $28.32.
On the ratings front, Craig-Hallum analyst Steven Dyer reiterated a Buy rating on TASR, with a price target of $33, in a report issued on October 21. The current price target represents a potential upside of 47.6% from where the stock is currently trading. According to TipRanks.com, Dyer has a total average return of 11.3%, a 58.8% success rate, and is ranked #1031 out of 3801 analysts.
Taser International Inc develops, manufactures & sells conducted electrical weapons (‘CEWs’) designed for use in law enforcement, military, corrections, private security & personal defense. Its manufacturing facilities are located in Scottsdale, Arizona.