Constellation Software Acquires Traffic Management Firms

IMAX Corporation (IMAX) has released an update.

Constellation Software’s Modaxo has expanded its portfolio by acquiring Curbside Management and Public Safety businesses from Conduent, enhancing its people transportation solutions. The acquired businesses, now named Trellint and Elovate, specialize in parking and traffic management systems for government clients. This strategic move underlines Constellation’s commitment to strengthening its position in the vertical market software sector.

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