Wednesday September 12, 2018 0 comments
DENVER/WILSONVILLE, Ore. -- Colorado-based Acyclica is being acquired by Oregon-based FLIR Systems.
FLIR Systems, Inc. (NASDAQ: FLIR) announced it has acquired Acyclica, Inc., a leading developer of software for automotive roadway and intersection data generation and analysis.
Financial details of the acquisition were not disclosed.
Acyclica’s solutions provide high-resolution, real-time traffic information to transportation department end-users to make roads safer, reduce congestion, and improve overall efficiency and performance of thoroughfares.
Based in Denver, Acyclica delivers cloud-based analytics of data generated from proprietary technology and from other sensing sources, such as visible and thermal cameras, roadway sensors, radars, and intersection signals.
The Acyclica solution is used by transportation departments across the globe to get a clear, accurate, and actionable view of their roadway infrastructure to improve traffic flow and safety.
Acyclica’s APIs allow for easy integration into third-party Intelligent Transportation Systems (ITS) systems, including FLIR ITS cameras, which are currently offered with Acyclica technology on board.
“Acquiring Acyclica is a key step for our ITS business in that it adds a new sensing platform and a data analytics software element to our mission to provide complete and valuable traffic optimization solutions for our global transportation system customers,” said James Cannon, FLIR president and CEO.
“The great efficiencies that are created with these ITS systems fits our mission of improving livelihoods and adds to our broader smart and safe city solutions.
“Additionally, we feel the capabilities of the Acyclica team in data analytics and software platforms is scalable across numerous other FLIR businesses.”
The Acyclica business will be part of FLIR’s ITS division within FLIR’s Commercial Business Unit. FLIR said it anticipates this transaction to be neutral to 2018 net earnings.