#Canada #Markham #Enghouse #Transit Solutions #Margento

Enghouse Acquires Margento: A Strategic Move in Transit Solutions

In a significant development within the tech and transit industries, Enghouse Systems Limited, a publicly traded Canadian company, has announced the acquisition of Margento R&D d.o.o., a European leader in transit fare collection and payment solutions. This strategic acquisition was confirmed on March 4, 2025, and aims to bolster Enghouse’s presence in the European market.

Boosting Mobility as a Service

Margento, based in Maribor, Slovenia, has developed an innovative Mobility as a Service (MaaS) platform that is user-centric and scalable, offering efficient solutions for public transportation systems. Their technology relates not just to fare collection but also extends to account-based ticketing (ABT), automatic vehicle tracking, and various payment technologies. This breadth of services is aligned with Enghouse’s vision to create enhanced transit experiences for users across Europe.

Expanding Market Footprint

With Margento's reputable presence, Enghouse aims to integrate their solutions across a wide array of transit operators, including bus and rail services, and parking management. Žiga Schmidt, CEO of Margento, expressed that he is excited about the synergies created by this acquisition. Together, the companies plan to utilize a combined go-to-market strategy to enhance sales and customer outreach.

Steve Sadler, Chairman and CEO of Enghouse, emphasized that this acquisition not only strengthens their European fare collection portfolio but also adds robust backend capabilities for fare calculations and open integrations tailored for multi-modal transit systems. This move is poised to enhance Enghouse's offerings and solidify their role as a major player in the global transit solutions market.

About Margento

Founded in 2002, Margento made its mark through its diverse range of payment and transaction solutions. Their expertise in EMV-compliant validators positions them at the forefront of secure, mobile payment processing. Their commitment to research and development has resulted in a versatile platform that can seamlessly integrate with various systems utilized across different industries, from financial services to telecommunications.

The unity of software and hardware solutions within a single framework allows Margento's clients to enjoy streamlined operations, which is particularly beneficial in the fast-evolving landscape of transport technology.

Enghouse Systems Limited: An Overview

Enghouse Systems has established itself as a pillar in the enterprise software domain, supplying tailored solutions for contact centers, video communications, healthcare, and more. The company operates with a focus on both internal growth and strategic acquisitions, ensuring a diverse portfolio that meets the needs of their clientele.

Currently, the company is funded entirely through operational cash flows, maintaining no external debt and emphasizing stability in their financial practices. They are structured around the Interactive Management Group and the Asset Management Group, allowing them to maintain a sharp focus on core areas while also exploring new market opportunities.

Conclusion

The acquisition of Margento by Enghouse marks a pivotal moment in the transit technology sector, signifying an ongoing trend where companies are seeking to enhance operational efficiencies through innovation. With Margento's advanced solutions now under the Enghouse umbrella, expecting improved user experiences and expanded service offerings across Europe is a just matter of time. As these developments unfold, both companies stand to benefit from a renewed focus on integrated mobility solutions and expanded market reach. Interested parties can find more information about Margento at their official website here and Enghouse at Enghouse.com.