MISSISSAUGA, ONTARIO — (Marketwire) — 06/19/12 — Trapeze Group (“Trapeze”) today announced that it has acquired the assets of RFind Systems, Inc. (“RFind”) of Kelowna, BC, Canada. The acquisition helps to expand Trapeze-s transit enterprise solution offering with real-time location systems (RTLS) for vehicles and moveable assets.
“Trapeze is dedicated to providing the passenger transport industry with new innovations and next generation systems and RFind is an exciting addition to our transit enterprise suite,” said John Hines, President of Trapeze Group in North America. “We welcome the team and its customers to Trapeze.”
RFind was founded in 2005 to find a simpler, more cost effective way to track assets using Radio Frequency Identification (RFID) and Real Time Location System (RTLS) technology. The result was the RFind solution providing a highly cost-effective method for the real-time tracking and location of vehicles, buses and train cars within depots & yards, transit terminals & hubs, maintenance facilities and along fixed routes.
The RFind solution enables passenger transport organizations to track their fleet in real-time – even in typical -blind spots- such as terminals, parking and maintenance yards and along fixed routes that are underground. In addition the solution enables agencies to automate driver assignments, track pull-outs and monitor schedule adherence all while using that data to keep the travelling public informed with real time updates on vehicle arrival times.
RFind makes planning, control and monitoring much easier with up-to-date knowledge of the location of tagged vehicles, buses, train cars, inventory and equipment, along with their usage and maintenance history. Maintenance scheduling and work-planning benefits from real-time knowledge of where assets and equipment are located, ensuring the right asset (bus, train car etc.) and required service equipment are in the right location at the right time for the scheduled maintenance job.
The RFind solution is different than typical RFID/RTLS solutions on the market as it is wireless, scalable and does not require a large infrastructure to implement.
“We-re excited to have found a new home with Trapeze,” said Sharon Barnes one of RFind-s original founders. “Trapeze has an outstanding reputation for innovation and experience in passenger transport solutions. The combination of our product offering with the Trapeze enterprise makes this an all around win for our customers, our employees and the passenger transport industry.”
About Trapeze Group
Trapeze delivers solutions that consider the full 360 degrees of passenger transport. Whether addressing the needs of a single department, an entire organization, or the community, Trapeze provides some of the most advanced software, intelligent transportation systems and mobile technologies in the industry. Hundreds of government and commercial organisations across North America, Europe and Asia Pacific have turned to Trapeze to realize efficiencies, enhance the quality and scope of their services, and safely transport more people with less cost. Please visit .
Contacts:
Trapeze Group
Meaghan Wilkinson
905.629.5293
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