Completes acquisition of Transit Fare Management and Fleet Management Solutions businesses from Conduent

TORONTO, Oct. 1, 2026 /PRNewswire/ -- Modaxo Inc. ("Modaxo"), a global technology organization focused on moving the world's people, today announced the launch of Novvan and Routeward, two new Modaxo business units that comprise the Transit Fare Management and Fleet Management Solutions businesses acquired from Conduent Incorporated.

This is Modaxo's largest acquisition to date, with over 2,000 colleagues, based in 15 countries, joining the team.

Novvan is a leading global provider of fare collection solutions that help transit agencies boost revenue, reduce fare evasion, and cut operational costs, while offering user-friendly, equitable access to communities.

Routeward is a market leader in technology that enhances transit reliability and encourages public transit use for faster, safer travel.

"We're thrilled to launch Novvan and Routeward and welcome their customers, employees and innovative suite of solutions to the Modaxo family," said Bill Delaney, Chief Executive Officer, Modaxo. "Adding the two new businesses significantly expands Modaxo's scale and the solutions we can offer our customers and the communities we serve around the world."

The launch of Novvan and Routeward represents a deepening of Modaxo's commitment to the Transit Fare Management and Fleet Management Solutions markets globally.

About Modaxo
Modaxo is a global technology organization that is passionate about moving the world's people. Working both together and independently, our collective of businesses is committed to deliver software and technology solutions that help connect people with the places they need to go for work, family, and everyday life. Learn more at Modaxo.com.

About Conduent
Conduent is a global technology-enabled operating partner that helps businesses and governments simplify complexity, modernize mission-critical operations and deliver measurable outcomes through AI, automation, data and human expertise. Learn more at www.conduent.com.

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