MELBOURNE, Australia, Aug. 31 /PRNewswire/ -- 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.
SOURCE Vix Technology