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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