Original Article, J. Scott, betakit.com, July 13, 2021
Kitchener-Waterloo-based smart city startup Miovision has acquired fellow traffic software company Traffop for an undisclosed amount.
The deal marks Miovision’s first acquisition and enables Miovision to offer a software-only solution to cities and towns that want to analyze traffic data without the need to immediately install additional hardware. It also gives the startup’s customers more options for measuring and managing intersections.
As part of the acquisition, Traffop’s employees will join Miovision and continue to work from their existing locations, while current Traffop customers will gain access to Miovision’s customer support team. Miovision intends to continue to develop Traffop’s software solution as part of its own cloud platform.