Novvan

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.