MISSISSAUGA, ONTARIO, October 7, 2011 – Volaris Group today announced that Trapeze Group has acquired the assets of Concept Data Technologies Ltd (CDT). The acquisition adds CDT’s innovative and market leading Web and secure mobile ticketing solutions and expertise to the Trapeze enterprise solution portfolio.
Founded in 2003, CDT established an innovative market niche through the development of conventional and OTA (over the air) download applications for mobile phones, with specific expertise in the provision of mobile ticketing and payment systems. Today, as adoption of m-commerce amongst global public transport operators continues to rise, CDT continues to innovate in this space with technology adopted by major transport providers, including Arriva, Translink and Bus Eireann, as well as public sector transport providers including Hertfordshire and Suffolk. In addition, the CDT team continues to work with innovative transport providers such as Arriva to extend their mobile ticketing offering into the rapidly evolving NFC (near field communication) space.
Peter Bell, Managing Director with Trapeze Group in the UK, commented: “CDT has a unique track record of innovation and creativity within the secure mobile ticketing space, and this acquisition supports our strategy to provide comprehensive and coherent traveler information and transaction systems.”
Bell continued: “Trapeze is actively committed to the provision of next generation systems across the transport industry, and this is an exciting addition to our portfolio within the passenger service space. In addition to the adoption of an impressive client list, this acquisition enables Trapeze to offer value-adding system expansions to current and future clients through intelligent integration of CDT’s core technologies with our existing tools.”
“Concept Data Technologies has always been committed to developing innovative products for the transport sector, in particular exploiting the opportunities that have arisen through the growth of m-commerce,” commented Larry Breen, co-founder and CEO of Concept Data Technologies. “We are thrilled to become part of Trapeze Group and are excited by the potential for opportunity creation across a diverse product suite and global client base.”
About Trapeze Group
Trapeze Group delivers solutions that consider the full 360 degrees of passenger transport. Whether addressing the needs of a single department, an entire organization, or the community, Trapeze provides some of the most advanced software, intelligent transportation systems (ITS) and mobile technologies in the industry. Hundreds of government and commercial organizations across North America, Europe and Asia Pacific have turned to Trapeze to realize efficiencies, enhance the quality and scope of their services, and safely transport more people with less cost. Visit www.trapezegroup.com.
About Volaris Group
Volaris acquires, strengthens and grows vertical market technology companies enabling them to be clear leaders within their focused industry. Volaris companies provide specialized, mission-critical solutions to vertical markets around the world including Agri-Food, Asset Management and Logistics, Justice and People Transportation. Volaris is an operating group of Constellation Software Inc. Learn more at www.volarisgroup.com.
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For further information, contact:
Kim Emmerson
Volaris Group
Tel: 905.629.5297
kim.emmerson@volarisgroup.com
