Flir boosts ITS offerings with Acyclica purchase
Flir Systems has added traffic analysis software to its product portfolio with the acquisition of Acyclica.
Based in Denver, Colorado, Acyclica delivers cloud-based analytics of data generated from sensing sources, such as visible and thermal cameras, roadway sensors, radars, and intersection signals.
Acyclica is the second company Flir has bought in the last month; it purchase Cvedia in August, a software company that provides solutions to transform raw images into training sets for deep learning algorithms.
The Acyclica solution is used by transportation departments to to improve traffic flow and safety. Acyclica’s APIs can be integrated easily into third-party intelligent transportation systems, including Flir ITS cameras, which are currently offered with Acyclica technology on board.
‘Acquiring Acyclica is a key step for our ITS business in that it adds a new sensing platform and a data analytics software element to our mission to provide complete and valuable traffic optimisation solutions for our global transportation system customers,’ said James Cannon, president and CEO of Flir.
‘We feel the capabilities of the Acyclica team in data analytics and software platforms are scalable across numerous other Flir businesses,’ he added.
The Acyclica business will be part of Flir’s ITS division within the company’s commercial business unit. Flir anticipates the transaction to be neutral to 2018 net earnings.