Smart ticketing and payment technology solutions company, Vix Technology, has acquired workforce management software company, Osmotion Pty Ltd.
The merger and acquisition is to form a key part of Vix’s growth strategy for APAC and its search for partners that can help drive innovation and deliver service diversity across traditional and new markets.
Vix managing director for APAC, Peter Bouhlas, claimed Osmotion’s strong track record in the mining and resources sector with its support of Fortescue Metal Group, Rio Tinto, CITIC Pacific Mining and BHP Billiton, the acquisition was ideal to assist Vix in the expansion of its Vix SmartSite and resource sector platform.
According to Bouhlas, both company teams are experienced in service integrations and transitions. “We are well prepared to deliver a seamless transfer of services and expect zero disruption to employees, customers, suppliers and more,” he said.
“By joining the Vix family, we believe the Osmotion business will have a stronger future with enhanced delivery performance for customers that will drive growth through synergies and innovation.”
Osmotion managing director, Andrew Barr said, “It has been a remarkable achievement for a small business to deliver a niche product to some of the biggest operations in the world. The acquisition by Vix will provide the scale and global presence to commercialise a new era of products and services.”
The companies have been working together for 12 months on the deployment of the Vix Smartsite solution at a resource and mining accommodation village in Gladstone, Queensland.