Volaris Group Inc., which is an operating affiliate of Toronto software company Constellation Software Inc., has acquired Funkwerk Information Technologies York Ltd., a provider of software solutions for railway operations and infrastructure, and a U.K.-based business owned by Kölleda, Germany’s Funkwerk AG. Financial terms of the transaction were not disclosed. Constellation is a portfolio investment of Canadian buyout firm OMERS Private Equity, which has backed the company since 2000.
Trapeze Group, a Volaris Group Subsidiary, Expands Rail Solution Offering With Acquisition of Funkwerk Information Technologies York Ltd.
TORONTO, ONTARIO–(Marketwired – May 31, 2013) – Volaris Group Inc. (“Volaris”) today announced that it’s wholly owned subsidiary, Trapeze Group, has acquired Funkwerk Information Technologies York Ltd. (“Funkwerk York”), a subsidiary of Funkwerk Technologies GmbH. The acquisition further enhances Trapeze’s enterprise offering with advanced planning, operational management and simulation software tools for the Rail industry.
Funkwerk York has over 20 years of experience and extensive technological background in the Rail-IT sector. The company provides software solutions for planning, simulation and management of railway operations and infrastructure. Funkwerk York’s customers include regional and long-distance railway operators, tram, metro and freight operators and infrastructure providers worldwide.
The company’s products – RailPlan, PowerPlan, TrainPlan, TTRA, ResourcePlan, Crew Optimiser and ResourceManager – become part of the Trapeze portfolio of solutions for the Rail industry. These solutions assist Rail customers in building timetables, simulating railway operations, fleet planning and managing resources. Ultimately this helps deliver more effective, robust railway operations from strategic long-term planning to the implementation of ‘on the day’ real-time planning.
“Trapeze’s strength in enterprise-wide passenger transport solutions across all modes of transport complements the Funkwerk York offering in Rail,” said Ian Brown, Managing Director, Funkwerk Information Technologies York Ltd. “We are excited to join an organization that is so customer-focused and shares our commitment to delivering solutions that truly make a difference for our customers and their end-users.”
About Trapeze Group
Trapeze delivers solutions that consider the full 360 degrees of passenger transport. Whether addressing the needs of a single department, an entire organization, or the community, Trapeze provides some of the most advanced software, intelligent transportation systems and mobile technologies in the industry. Hundreds of government and commercial organizations across North America, Europe and Asia Pacific have turned to Trapeze to realize efficiencies, enhance the quality and scope of their services, and safely transport more people with less cost. Please visit www.trapezegroup.com.
About Volaris Group
Volaris acquires, strengthens and grows vertical market technology companies enabling them to be clear leaders within their focused industry. Volaris companies provide specialized, mission-critical solutions to vertical markets around the world including Agri-Food, Asset Management and Logistics, Benefits Administration, Cultural Collections Management, Insurance, Justice, People Transportation, Marine and Rental Management. Volaris is an operating group of Constellation Software Inc. (TSX:CSU) Learn more at www.volarisgroup.com.
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