Vix Technology Acquires ACISBy Vix Technology, PRNE
Monday, August 30, 2010
MELBOURNE, Australia, September 1, 2010 - Vix Technology has announced the acquisition of ACIS, a leading
international provider of Intelligent Transportation Solutions (ITS) and Real
Time Passenger Information (RTPI) systems, headquartered in the Cambridge,
UK. ACIS is the dominant supplier of ITS and RTPI solutions to public
transport authorities in the UK, managing over 40 operational bus schemes in
the UK and supporting over 50% of the UK Local Authorities with their
solutions tracking over 9,000 vehicles.
Vix Technology through its subsidiary Vix ERG is a major global player in
the passenger transit ticketing industry, with customers on all continents.
It has been a pioneer of the development and adaptation of smartcard
technologies and continues to lead the industry with many innovation awards
from major industry bodies, including CARTES, to its name.
The acquisition forms part of Vix Technology's strategy to build a
portfolio of transport solutions and Vix Technology expects to be able to
leverage its international position to increase sales significantly for ACIS
over the next 1-2 years. ACIS and Vix Technology are already tendering
together for a number of substantial projects with a combined value over 50m
pounds Sterling. The group has also identified other significant
opportunities combining ITS and Fare Collection solutions globally that it
plans to pursue post acquisition.
Vix Technology's CEO, Steve Gallagher said, "We are very excited by this
acquisition as it allows us to deliver what our customers have been asking
for - highly integrated, efficient and cost effective solutions. We have been
working with ACIS for the last 18 months on a number of initiatives and are
confident that the synergies that exist between ACIS and Vix ERG will make
this a great success for us and our customers".
ACIS's CEO, Dan Sandhu commented, "The strong position that ACIS has
established in the UK will allow Vix Technology to significantly strengthen
its UK and European base and ACIS will be able to leverage Vix Technology
internationally for growth. It was the logical next step, having partnered
with Vix in a number of projects in the recent past."
The combined business will have annual revenue exceeding 100m pounds in
2011 and employ more than 700 staff globally.
About Vix Technology
Vix Technology is an international provider of market-leading products
and services to both the public and private sectors.
Vix Technology builds market-leading product development and services
businesses that develop and operate specialised, mission-critical solutions
for the payments, telecommunications and transportation industries.
ACIS is a market leader of Intelligent Transport Systems (ITS)
technology. The Company's embedded technology products provide real time
intelligence that better informs the communities in which it operates, drives
efficiencies into transport operating companies and ensures that the
travelling passenger has access to information instantaneously.
With an installed base across the USA, Europe, Middle East and New
Zealand, the ACIS solution aggregates large volumes of real-time transport
network data to deliver mission-critical business intelligence to Transport
Operators empowering them to drive continuous improvements in operational
efficiency and service delivery.
ACIS Contact: Clive Watts Head of Product Management Tel: +44-1223-697053 Email: email@example.com Vix Technology Contact: Nick Crews Marketing and Communications Manager Tel: +61-2-9018-4354 Email: firstname.lastname@example.org
Clive Watts of ACIS, Head of Product Management, +44-1223-697053, clive.watts at acis.uk.com; or Nick Crews of Vix Technology, Marketing and Communications Manager, +61-2-9018-4354, ncrews at vixtechnology.com
Tags: australia, France, Italy, Melbourne, September 1, sweden, United Kingdom, Vix Technology