Buckinghamshire's Causeway Technologies says one.network acquisition will boost its product portfolio
Buckinghamshire-based Causeway Technologies has acquired digital road management platform one.network in a deal, which the former says, will enhance its product portfolio and drive carbon savings.
Causeway is buying the software platform from private equity group Bridgepoint and financial terms were not disclosed.
one.network has more than 20,000 operational users and many millions of public citizens and road users, the platform now underpins traffic operations and communications across the UK and in the USA.
CEO of Causeway Phil Brown said it was "very exciting" to now be able to deliver a combined offer to the US market.
"Combining one.network with Causeway’s current infrastructure asset management solutions, including Causeway Alloy and Horizons, will streamline critical processes and deliver compelling insights to our customers," he said.
"The integration of one.network's digital roadwork planning capabilities will significantly enhance our product portfolio and offer an unrivalled experience in managing the road infrastructure to improve efficiency and safety and help drive carbon savings. We look forward to a fruitful collaboration that will bring great value to our mutual clients."
James Harris, CEO at one.network, added: "one.network has been at the forefront of transforming how road agencies collaborate and communicate.
"Since founding the business in 2011 we have brought digital transformation to the roadworks industry across the UK and are now replicating these improvements for agencies in the US."
Duncan Calam, partner and head of Bridgepoint Growth, said: "We identified one.network as an exciting pioneer in the traffic management industry."
He added: "We are incredibly proud to have been able to invest in one.network. Since our investment in 2018, we have worked closely with James Harris and the management team.
"During this period, the company has grown from being the UK market leader to a global business, more than tripling its revenue in the process. one.network’s consistent growth and success are a testament to its unique and ground-breaking product, as well as its high-quality SaaS business model.
"We look forward to seeing the company’s progress in the years to come and wish the team every success with Causeway and Five Arrows."
Five Arrows, the alternative assets arm of Rothschild & Co, made a significant investment in Causeway in 2021 and this latest deal is the fourth strategic acquisition by Causeway since then.
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