MEDIA RELEASE PR41035
Vix Technology Acquires ACIS
MELBOURNE, Australia, Sept. 1/Medianet International-AsiaNet/ --
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.
About ACIS
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: clive.watts@acis.uk.com
Vix Technology Contact:
Nick Crews
Marketing and Communications Manager
Tel: +61 2 9018 4354
Email: ncrews@vixtechnology.com
SOURCE: Vix Technology
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