Add-on Acquisition • Software

Quarterhill Acquires Redfoxid

On March 15, 2024, Quarterhill acquired software company Redfoxid

Acquisition Context
  • This is Quarterhill’s 1st transaction in the Software sector.
  • This is Quarterhill’s 1st transaction in the United Kingdom.

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M&A Deal Summary

Date March 15, 2024
Target Redfoxid
Sector Software
Buyer(s) Quarterhill
Deal Type Add-on Acquisition

Target Company

Redfoxid

Aylesbury, United Kingdom
Redfoxid is a provider of automatic vehicle detection and classification ("AVDC") software to the tolling industry. Redfoxid was founded in 1996 and is based in Aylesbury, United Kingdom.
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Buyer Overview 1

Buyer

Quarterhill

Toronto, Ontario, Canada

Category Company
Founded 1992
Sector Information Technology
Employees467
Revenue 153M USD (2024)
DESCRIPTION

Quarterhill is a diversified investment holding company focused on growing its business by acquiring technology companies in the Industrial Internet of Things ("IIoT") segment across multiple verticals. Quarterhill targets companies with a broad range of products and services that capture, analyze and interpret data, and that have strong financial performance, excellent management teams, strong intellectual property underpinnings and significant opportunities to develop long-term recurring and growing revenue streams. Quarterhill was founded in 1992 and is based in Toronto, Ontario.


Deal Context for Buyer #
Overall 5 of 5
Sector: Software 1 of 1
Type: Add-on Acquisition 5 of 5
Country: United Kingdom 1 of 1
Year: 2024 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2021-08-16 Electronic Transaction Consultants

Richardson, Texas, United States

Electronic Transaction Consultants is a technology solutions provider for the mobility and transportation industries. ETC's solutions process over 2 billion transactions annually, incorporating the latest in open-source machine learning and data streaming technology, with predictive Big Data analytics to offer innovative architectures comprising our riteSuite products. Electronic Transaction Consultants was founded in 1999 and is based in Richardson, Texas.

Buy $150M