Toronto – October 01, 2026 -- Modaxo Inc. has completed its largest acquisition to date, absorbing over 2,000 employees across 15 countries from Conduent Incorporated's Transit Fare Management and Fleet Management Solutions businesses.
Modaxo splits acquired Conduent units into two new business brands
The two divisions have been relaunched as standalone Modaxo units: Novvan, a fare collection technology provider for transit agencies, and Routeward, a fleet management platform focused on transit reliability and ridership growth.
Novvan targets fare evasion and revenue leakage for transit agencies
Novvan's fare collection systems are designed to help transit agencies increase revenue, reduce fare evasion, and lower operational costs while maintaining equitable rider access.
Routeward positions itself as a market leader in transit reliability tech
Routeward supplies technology aimed at improving transit reliability and encouraging higher public transit ridership through faster, safer travel options.
Acquisition expands Modaxo's global headcount and solution portfolio
Modaxo CEO Bill Delaney said the addition of the two businesses significantly expands the company's scale and the range of solutions available to customers and communities worldwide. The deal marks a deepening of Modaxo's commitment to the global transit fare management and fleet management solutions markets.