Construction technology provider Causeway Technologies has acquired Yotta, a global provider of connected asset management software and services, from AIM-listed Oxford Metrics plc
Connected asset management software and services provider Yotta serves over 200 customers worldwide, providing software to assist in the management of more than 35 million physical assets and related services, including highways, street lighting and waste management.
Causeway’s acquisition of Yotta marks another step in the company’s journey to digitise the processes that underpin the construction and maintenance of infrastructure assets.
The joining of Yotta and Causeway will create a single truly integrated end-to-end solution that manages the entire asset management lifecycle for local authorities and their contractors.
‘One single end-to-end solution’
Phil Brown, chief executive of Causeway, commented: “Process and data integration is essential for all local authority contracts executed by contractors.
“With our new combined offering, data will flow seamlessly between local authorities and their contractors in one single end-to-end solution, ensuring the needs of all stakeholders are met without compromise.
“The acquisition of Yotta brings us a team with fantastic knowledge of solutions for local authority asset management and services. This, combined with Causeway’s own expertise in contractor job and resource management, creates a team with an unparalleled depth of understanding.”
Combining two leading software businesses
Nick Smee, chief executive of Yotta, added: “I am confident that this combining of two UK-based sector leading software businesses will be a positive and exciting one for our existing customers, the many new users we hope to add over the coming months and years, and for our continued innovation in asset management solutions.”
Yotta was established in 1986 and has grown steadily, enjoying significant momentum across several service areas, from highways management, environmental services to street lighting and works. The company is dedicated to applying technology to the advancement of infrastructure asset management and environmental services.
Causeway Technologies was established in 1999, and serves over 2,800 customers and has over 400 employees. Causeway provides enterprise and cloud software solutions to the construction and infrastructure maintenance industries and spans the full value and supply chain.
This transaction represents the second strategic acquisition since Five Arrows Principal Investments made a significant investment in Causeway.