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NextBus Acquired For $20.6M

By TechTaffy Desk

NextBus[Techtaffy Newsdesk]

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]

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