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Flir Systems Acquires Acyclica - Quick Facts

Flir Systems, Inc. (FLIR) said Tuesday that it has acquired Acyclica, Inc., a developer of software for automotive roadway and intersection data generation and analysis.

Denver, Colorado-based Acyclica's solutions provide high-resolution, real-time traffic information to transportation department end-users to make roads safer, reduce congestion, and improve overall efficiency and performance of thoroughfares.

Acyclica delivers cloud-based analytics of data generated from proprietary technology and from other sensing sources, such as visible and thermal cameras, roadway sensors, radars, and intersection signals.

Flir noted that the acquisition of Acyclica will advance its Intelligent Transportation Systems or ITS Business with dynamic traffic data generation and software analytics engine for global transportation systems operators.

"Acquiring Acyclica is a key step for our ITS business in that it adds a new sensing platform and a data analytics software element to our mission to provide complete and valuable traffic optimization solutions for our global transportation system customers," said James Cannon, President and CEO of Flir.

The Acyclica business will be part of Flir's ITS division within the company's Commercial Business Unit. Flir anticipates the transaction to be neutral to its 2018 net earnings.

by RTTNews Staff Writer

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