Transportation systems and services provider Cubic Corporation has acquired Advanced Traffic Solutions (otherwise known as Trafficware). The move will see the firm expand on its efforts to reduce urban congestion by focusing on technological innovation and the building of smart cities.
Trafficware technology will be integrated into the Cubic Transportation Systems (CTS) business unit, building on the transport management platform which is hosted on the Microsoft Azure cloud.
“Trafficware’s intelligent, data-rich intersection management technology, combined with Cubic’s existing transportation capabilities, will enhance our ability to offer compelling solutions to reduce urban congestion. This technology-driven acquisition of a leader in the transportation industry fits perfectly with our strategy to lead next‐generation intelligent traffic solutions that enable smart cars through smart infrastructure,” said Bradley Feldmann, chairman, president and chief executive officer at Cubic Corporation. “We welcome the Trafficware team to the Cubic family and are excited to add this growing intelligent transportation systems business to our portfolio.”
“As we continue to grow market share and move into larger agencies in the US and abroad, Trafficware has faced the needs of multi-modal transportation. With Cubic’s leadership, particularly in transit, around the globe, we see many synergies with Cubic as we continue to aggressively grow our traffic management business organically and through acquisition,” said Jon Newhard, chief executive officer at Trafficware. “We are excited about joining Cubic as it is encouraging to be part of a company that shares our culture for innovation and absolute customer focus as well as our vision for building Smart Cities around the globe.”