Cubic Transportation Systems, an integrator of payment and information technology and services for intelligent travel solutions, has acquired NextBus from Webtech Wireless.The size of the deal stands at roughly $20.6 million (CAD$20.75 million), subject to the terms of the purchase agreement.
NextBus is a provider of real-time passenger information systems (RTPIS) with more than 100 transit agency deployments in the United States and Canada.
Steve Shewmaker (President, Cubic Transportation Systems): Transit agencies and their communities worldwide are racing to utilize information more effectively – optimizing their resources and providing intelligent travel information to their riders.
NextBus is a Software-as-a-Service (SaaS) solution that provides real-time arrival information about buses, subways and trains. The company also provides real-time management and dispatch tools for transit operators.
[Image courtesy: NextBus]