Acquisition Advances FLIR’s Intelligent Transportation Systems (ITS)
Business with Dynamic Traffic Data Generation and Software Analytics
Engine for Global Transportation Systems Operators
WILSONVILLE, Ore.--(BUSINESS WIRE)--Sep. 11, 2018--
FLIR Systems, Inc. (NASDAQ: FLIR) announced today that it has acquired
Acyclica, Inc., a leading developer of software for automotive roadway
and intersection data generation and analysis. 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.
Based in Denver, Colorado, 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. The Acyclica solution is utilized by
transportation departments across the globe to get a clear, accurate,
and actionable view of their roadway infrastructure to improve traffic
flow and safety. Acyclica’s APIs allow for easy integration into
third-party Intelligent Transportation Systems (ITS) systems, including
FLIR ITS cameras, which are currently offered with Acyclica technology
“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 great efficiencies that are created with
these ITS systems fits our mission of improving livelihoods and adds to
our broader smart and safe city solutions. Additionally, we feel the
capabilities of the Acyclica team in data analytics and software
platforms is scalable across numerous other FLIR businesses.”
The Acyclica business will be part of FLIR’s ITS division within FLIR’s
Commercial Business Unit. FLIR anticipates this transaction to be
neutral to 2018 net earnings.
About FLIR Systems
Founded in 1978 and headquartered in Wilsonville, Oregon, FLIR
Systems is a world-leading maker of sensor systems that enhance
perception and heighten awareness, helping to save lives, improve
productivity, and protect the environment. Through its nearly 3,500
employees, FLIR’s vision is to be “The World’s Sixth Sense” by
leveraging thermal imaging and adjacent technologies to provide
innovative, intelligent solutions for security and surveillance,
environmental and condition monitoring, outdoor recreation, machine
vision, navigation, and advanced threat detection. For more information,
please visit www.flir.com
and follow @flir.
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meaning of the Private Securities Litigation Reform Act of 1995.
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Such statements are based on current expectations, estimates, and
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Source: FLIR Systems, Inc.
FLIR Systems, Inc.
Jay Gentzkow, 503-498-3809