Appian Technology has acquired Genesis UK, the developer of automatic number plate recognition systems (ANPR) and traffic management products and solutions, for an initial £1.398m. The deal is in the form of cash and shares, with £699k payable in cash. Appian Chairman Pat Ryan said: "The acquisition of Genesis demonstrates Appian's commitment to the ANPR market and represents a significant step in confirming us as the leading ANPR supplier in the UK and worldwide. The deal particularly strengthens our position as a worldwide leader in the police market, broadens the range of products and services we can offer our existing customer base, while at the same time expanding that base into new commercial sectors. The fund raising underlines the commitment from our investors to our growth strategy and I hope we as a Board, can reward them by continuing the development of our business in the UK and internationally." [Regulatory News Service, London Stock Exchange]