#Canada #Markham #Enghouse Systems #Transit Solutions #Margento

Enghouse Systems Expands with Margento Acquisition

Enghouse Systems Limited, a Canadian software company, recently made headlines by acquiring Margento R&D d.o.o., a Slovenian firm specializing in transit fare collection and payment solutions. This strategic acquisition, taking place through a wholly-owned subsidiary, is expected to significantly bolster Enghouse's presence in the European market.

What is Margento?

Founded in 2002, Margento has established itself as an innovative provider of mobile payment solutions and account-based ticketing systems. Their technology offers a Mobility as a Service (MaaS) platform, prioritizing a user-centric mobile transit experience. Margento's products are utilized by various public transportation agencies, including buses, railways, and parking services, indicating the versatility of their solutions.

Margento is renowned for its unique offerings, including automatic vehicle tracking and a powerful backend that facilitates fare calculations with open integrations for multi-modal transit systems. The company’s emphasis on research and development has allowed it to create a cohesive suite of hardware and software solutions, ensuring clients enjoy seamless scalability across different sectors such as financial services and telecommunications.

Synergies from the Acquisition

According to Žiga Schmidt, the CEO of Margento, the partnership with Enghouse is poised to enhance their market reach significantly. “We can expand Margento's presence and create synergies in our sales with a combined go-to-market approach,” Schmidt stated. This collaboration will not just facilitate the growth of Margento as an entity but will also help in forging stronger relationships with existing customers and partners.

Enghouse's CEO, Steve Sadler, reflected positively on the acquisition, highlighting how it enhances Enghouse's European fare collection initiatives. The addition of Margento’s ABT and mobile ticketing solutions enriches Enghouse's technological capabilities, allowing seamless integration into the existing framework.

Market Impact and Future Prospects

The impact of this acquisition on the transportation industry in Europe could be profound. With an increasing demand for robust and integrated fare collection solutions, Enghouse is positioning itself as a leader in the fare solutions business. This acquisition may lead to rapid innovation in mobile ticketing and will likely set new standards for ease of transactions in public transport.

In addition, Enghouse's absence of external debt financing allows for a strong financial footing as it continues to pursue growth through acquisitions and internal strategies. This financial health will enable Enghouse to invest effectively in Margento's technologies and operations, enhancing overall service delivery.

Conclusion

As Enghouse Systems Limited integrates Margento into its operations, there is optimism within the industry regarding advancements in transit fare solutions. This acquisition not only symbolizes Enghouse's ambitious expansion plans but also hints at an exciting future for public transport technology in Europe. Stakeholders and transit agencies alike should watch closely as this partnership unfolds, potentially leading to enhanced travel experiences for millions of commuters across the continent.

For more information about Margento and its innovative solutions, visit Margento's website. Further updates on Enghouse Systems can be found on their official page as well.