Oct 2021 – Velociti Solutions has today, with the support of Literacy Capital, completed the acquisition of one of the UK’s leading transport software businesses, 3Squared Ltd.
The strategic acquisition sees Velociti further strengthen its capability in providing high quality software solutions across the transport sector, focussed on improving operational and commercial performance. 3Squared is a Queen’s Award-winning digital solutions provider to the rail industry with a mission to enable the transportation sector to become safer, greener and more efficient through digitalisation. Its flagship RailSmart suite of software applications continues to positively disrupt the rail sector as more passenger, freight operating companies, and suppliers to the rail industry use the software to increase productivity whilst reducing risk and cost.
Velociti Solutions, formed in 1986, provides software to help bus operators and transport authorities reduce operational costs, improve financial performance and better serve their customers. In addition, EPM is the UK’s leading BSOG auditor and concessionary reimbursement consultancy.
Ian Churchill, CEO at Velociti Solutions, said: “The acquisition of 3Squared will support our focus on integrated transport whilst diversifying our activities into the rail sector. We are excited by the opportunity this brings to deliver new solutions to common challenges across the bus and rail sectors.”
Tim Jones and James Fox, co-founders of 3Squared, said: “We are incredibly proud of the achievements of 3Squared over the last two decades. With the support of Velociti, we are now ideally placed to accelerate our growth and further cement our position as a leading provider of integrated transportation solutions. We are looking forward to working with the Velociti team on this exciting next chapter.”
