- IBI Group Inc. (IBG) has completed the purchase of the assets of Telenium Inc., including all intellectual property and technology assets
- Telenium specializes in telecommunications that integrate telephone, computer, and web technologies
- The acquisition bolsters IBI’s Travel-IQ product through access to new markets and increases the firm’s SaaS portfolio and recurring revenue profile
- IBI Group is a technology-driven design firm with global architecture, engineering, planning, and technology expertise spanning over 60 offices and 3,000 professionals around the world
- IBI Group Inc. (IBG) is up 0.9 per cent and is trading at $13.53 per share as of 2:07 p.m. EST
IBI Group Inc. (IBG) has completed the purchase of the assets of Telenium Inc., including all intellectual property and technology assets.
Manitoba-based Telenium is best known in Canada for its integrated 511 advanced traveller information solution.
Telenium specializes in telecommunications that integrate telephone, computer, and web technologies.
The acquisition bolsters IBI’s Travel-IQ product through access to new markets and increases the firm’s SaaS portfolio and recurring revenue profile.
Scott Stewart, CEO of IBI Group, stated,
“With IBI now providing SaaS 511 service to nine Canadian provinces and territories, including the addition of Telenium’s client base, we are proud to provide advanced traveller information solutions from coast to coast across North America,”
Telenium’s software offering includes its 511 advanced traveller information solution and road condition reporting system.
Its private and public sector client portfolio includes the Canadian provinces of Saskatchewan, Manitoba, New Brunswick, Nova Scotia, Newfoundland, and PEI, as well as The Weather Network.
“Strengthening the market profile and competitive edge of our Travel-IQ solution, this acquisition also adds to our annual recurring revenue and contributes to our strategic growth goals,” said Stewart.
IBI’s traveller information technology has been a significant contributor to its firm’s Intelligence-sector portfolio for more than 10 years.
IBI Group is a technology-driven design firm with global architecture, engineering, planning, and technology expertise spanning over 60 offices and 3,000 professionals around the world.
IBI Group Inc. (IBG) is up 0.9 per cent and is trading at $13.53 per share as of 2:07 p.m. EST.
