Practica Capital's portfolio company Trafi has been acquired by Enghouse Systems, through a wholly-owned subsidiary. Trafi is the leading provider of Mobility-as-a-Service (MaaS) solutions based in Lithuania.
Representative of
Practica Capital commented: "As Trafi’s first investors, we've supported the company from its earliest days, through years of pivots, first revenue, first profit, 100+ people, 1B+ people using Trafi tech, and everything in between.
This is not only a milestone for Trafi, but also another success story for the Lithuanian tech ecosystem - showing how ambitious ideas, backed by strong execution and persistence, can bring results. And it's a reminder that success is rarely an overnight story."
"We're excited to join Enghouse and combine Trafi's cutting-edge MaaS technology with their global footprint and deep expertise in ticketing solutions," said
Damian Bown, CEO of Trafi. "Together, we can accelerate and bring integrated, user-friendly mobility experiences to even more cities around the world.""Trafi enhances our transportation mobility solutions portfolio by adding a robust MaaS platform that integrates multiple transport modes into a seamless user experience," said
Steve Sadler, Chairman & CEO of Enghouse. "We are very pleased to welcome Trafi's customers, partners, and employees to Enghouse."
For more information, visit:
https://markets.ft.com/data/announce/detail?dockey=600-202504140600CANADANWCANADAPR_C7672-1