Velociti Solutions, which includes the EPM Bus Solutions and Omnibus Solutions product suites, has secured a further investment partner in CBPE Capital. It will bring forth significant funding to help develop the public transport specialist software provider further.
Velociti will continue its longstanding and successful relationship with Literacy Capital alongside the new deal. Partnerships with both illustrate “the attractiveness of Velociti in its continued journey to becoming the leading software supplier of choice to the bus and rail industry,” the supplier says.
Both funding partners will support Velociti in its work with clients in the UK. That includes across areas such as bus franchising, where contract performance software is delivered. In addition, a shared plan has been formulated to build on recent international contract awards that include an agreement with Hong Kong operator Citybus.
The new investment will also allow the continued expansion of Velociti’s offering through further acquisitions to broaden its product set and its reach on a global basis to deliver operational technology in bus and rail.
Speaking about the work with CBPE, Velociti Solutions Chief Executive Jeff Hewitt (pictured) says: “Veloiciti has grown to become a leading and respected provider of software solutions to transport operators.
“We have enjoyed an excellent relationship with the team at Literacy, who have been hugely supportive, and look forward to continuing this with them and CBPE. We are looking forward to working together to deliver on the many opportunities ahead of us both in the UK and internationally.”
CBPE Partner Jason Khaksar adds: “The mission critical nature of Velociti’s software solutions and the demonstrable value that customers receive mean that the business is well placed to continue to benefit from continuing adoption of software solutions in the transport sector.
“The business has great momentum and is seeing significant traction both in the UK and internationally. We are excited to partner with Jeff, the wider management team and Literacy Capital for the next phase of growth.”
