Trapeze Transit Solution Acquires Electronic Fare Collection System Fare Logistics
MISSISSAUGA, ON: Trapeze, a passenger transportation software products and services provider has announced the final acquisition of Fare Logistics, a systems integrator based in Victoria BC, selling and supporting electronic fare collection systems for the transit industry.
An operating company of Constellation Software, Trapeze’s acquisition is hailed as a continued effort of smart investing in the growing transit industry.
"With the finalization of the acquisition of Fare Logistics, Trapeze further expands our fare collection offerings. We are very excited about the opportunities this acquisition provides our customers going forward," says John Hines, President of Trapeze Group in North America.
Fare Logistics solution provider for the transit industry has its hands in all phases of fare acceptance including ridership/boarding, embedded devices, cash processing, media technologies, analysis and reporting plus system management.
Fare Logistics uses plug-and-play components, which saves a lot of money and time for the passengers as well as keep the road moving. Their solutions can collect data from more than 18 variables– GPS, date, time, operator ID, route ID, run ID and transaction type to optimize routes and make pragmatic decisions. It also has a user friendly design, which also allows data export and import in other software solutions.
See Also: Logistics Transportation Review