Cyclomedia, a world leader in providing highly accurate 360° street-level visual data, enhanced by AI-powered analytics, has announced the acquisition of Smart Factor, a leading provider of road and tax asset inventory services in Poland. This strategic acquisition aligns with Cyclomedia’s mission to expand its footprint and product offerings in rapidly developing markets.
Investing in technology and footprint to benefit customers and partners
Customers and partners of both companies will experience numerous benefits from this acquisition. Smart Factor’s clients will have access to enhanced Cyclomedia technology, which will improve the accuracy and efficiency of asset inventories. Cyclomedia’s clients will benefit from expanded data capturing in Poland, offering more data along with data insight products. Additionally, the combined expertise of Cyclomedia and Smart Factor will allow for innovative solutions in road and tax asset inventory projects, significantly improving global service offerings.
Accelerating international growth
This acquisition is a part of Cyclomedia’s broader strategy to accelerate international growth. By integrating Smart Factor’s capabilities, Cyclomedia aims to strengthen its presence in Poland and broaden its offering in Europe and the United States.
Serge Lupas, CEO of Cyclomedia: “We are excited to welcome Smart Factor to Cyclomedia. This acquisition marks a significant milestone in our strategy to expand into new markets, enhance our service offerings and improve the scalability of our company. Poland is a rapidly growing market with immense potential, and Smart Factor’s strong position in road and tax asset inventories will be a valuable addition to our capabilities.”
Tomasz Turczynowicz, CEO of Smart Factor: “Joining forces with Cyclomedia is a tremendous opportunity for Smart Factor. With the backing of a market leader, we can offer our clients even better products and services. The scale and speed of delivery will improve significantly, benefiting all our customers and partners.”
