NextBus is a North American provider of real-time passenger information systems (RTPIS) with more than 100 transit agency deployments in the U.S. and Canada for a total consideration of approximately $20 million, subject to the terms of the purchase agreement.
The acquisition broadens Cubic's portfolio of transportation solutions. NextBus' customers include the major metro systems in Los Angeles, Toronto, San Francisco, Washington D.C. and Boston, as well as many well-known small and mid-sized transit agencies, universities and colleges, including Chapel Hill Transit, RTC-Washoe (Reno), Saint John Transit, MIT, Georgia Tech, UCLA, University of Maryland and Rutgers University.
NextBus is a Software-as-a-Service (SaaS) solution that improves transit passengers' lives and makes their travel experience better with accurate, real-time arrival information about buses, subways and trains. NextBus also offers travelers a host of other options including a GPS-enabled mobile website for smartphones that instantly recognizes the nearest stops in proximity order and provides real-time arrival information with multiple language capability (English, Spanish and French), and an easy-to-use website compatible with the American Disabilities Act (ADA) guidelines.
The company also provides a robust set of real-time management and dispatch tools that enable transit operators to effectively manage their systems, and is a real-time transit technology leader, providing the industry's most accurate algorithm for predicting arrival times.