Miovision completes cross-border acquisition of Traffop

2 minute read
13 July 2021

On July 13, 2021, Miovision Technologies Inc. announced that it had made its first acquisition: Arizona-based Traffop. 

Miovision, a Canadian company with offices in Kitchener, Ontario and Cologne, Germany, uses computer vision, artificial intelligence and advanced analytics to help cities modernize their approach to traffic management. With this acquisition, Miovision now has a software-only solution for cities and towns that want to analyze traffic data from their intersections without the need to immediately install additional hardware

Traffop is currently used at approximately 1400 intersections across the United States. It offers a cloud-based software solution to collect traffic data from existing signal infrastructure and provide useful insights, allowing traffic engineers to more effectively optimize traffic signal timing to reduce congestion and improve safety.

As part of the acquisition, Traffop's employees – Mitrovic and his co-founder Niko Carrizo along with a Serbia-based technical team – will join Miovision, working from their existing locations. Current Traffop customers will gain access to Miovision's customer support team and Miovision will continue to develop Traffop's software solution as part of Miovision's cloud platform.

Gowling WLG advised Miovision on this acquisition with a team that included Todd Bissett, Andrew Griffin and Marco Wai.

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