IBI Group Acquires Assets of Telenium Inc.
December 10, 2021
IBI Group Inc. completed the purchase of the assets and intellectual property of Manitoba-based Telenium Inc., including its 511 advanced traveller information solution and road condition reporting system. The acquisition bolsters IBI's Travel-IQ SaaS offering, expands its 511 service footprint across Canadian provinces, and adds recurring revenue and Telenium's software development team to IBI.
- Buyers
- IBI Group Inc.
- Targets
- Telenium Inc.
- Industry
- Cloud & SaaS
- Location
- Manitoba, Canada
- Transaction Type
- Buyout
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