M&A Deal Summary

Modaxo Acquires Civix CI

On August 30, 2023, Modaxo acquired software company Civix CI from Civix

Acquisition Highlights
  • This is Modaxo’s 1st transaction in the Software sector.
  • This is Modaxo’s 1st transaction in the United States.
  • This is Modaxo’s 1st transaction in Louisiana.

M&A Deal Summary
Date 2023-08-30
Target Civix CI
Sector Software
Buyer(s) Modaxo
Sellers(s) Civix
Deal Type Divestiture

Target

Civix CI

Metairie, Louisiana, United States
Civix CI’s solution portfolio provides an integrated software platform known as AirportIQ for airports including Hartsfield-Jackson Atlanta International, the Houston Airport System, JFK, and San Francisco International. AirportIQ empowers staff to manage their revenue, safety, and security programs, airport operations, and key resources. Civix CI is based in Metairie, Louisiana.

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Buyer(S) 1

Buyer

Modaxo

Mississauga, Ontario, Canada
Category Company
Founded 2010
Sector Information Technology
DESCRIPTION

Modaxo is a global technology organization passionate about moving the world’s people. Working both together and independently, its collection of businesses is committed to delivering software and technology solutions that help connect people with the places they need to go for work, family, and everyday life. Modaxo was formed in 2010 and is based in Mississauga, Ontario.

DEAL STATS #
Overall 3 of 6
Sector (Software) 1 of 1
Type (Divestiture) 1 of 3
State (Louisiana) 1 of 1
Country (United States) 1 of 2
Year (2023) 1 of 3
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2022-06-02 Auttran

São Paulo, Brazil

Auttran offers a number of products and services to the public transport, corporate, and school transport markets. Auttran was founded in 1996 and is based in São Paulo, Brazil.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2023-11-29 Fara

Trondheim, Norway

Fara is a bus travel saas company that provides ticketing solutions including smart card and electronic ticketing, as well as account-based next-generation ticketing (NGT). Fara was founded in 2005 and is based in Trondheim, Norway.

Buy -

Seller(S) 1

SELLER

Civix

Metairie, Louisiana, United States
Category Company
Founded 1979
Sector Software
DESCRIPTION

Civix provides professional services and software products to public sector clients. Software suites include business registration/filings, voter registration, campaign finance, nuclear water chemistry management, and airport management. Civix was founded in 1979 and is based in Metairie, Louisiana.

DEAL STATS #
Overall 1 of 1
Sector (Software) 1 of 1
Type (Divestiture) 1 of 1
State (Louisiana) 1 of 1
Country (United States) 1 of 1
Year (2023) 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2019-02-13 STR - Software & Disaster Recovery Services

Fairfax, Virginia, United States

STR LLC - Software & Disaster Recovery Services includes HUD/CDBG technology and eGrantsPlus. eGrants Plus is STR’s end to end grants management platform for both grantees and grantors, with applications across a wide variety of government departments. eGrants is derived from eGrantsPlus and is a software solution for distribution of HUD Community Development Block Grants (“CDBG”) in response to natural disasters. eGrants was custom built for disaster recovery applications in Louisiana and Mississippi in the wake of Hurricane Katrina, and also used by the state of New Jersey in the aftermath of Hurricane Sandy.

Buy -
Mergr

Product

Company

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