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London – October 21st, 2021 – WTA is pleased to announce the sale of 3Squared, a leading provider of specialist integrated software and consultancy services to the rail transport sector.
EPM Group has today, with the support of Literacy Capital, completed the acquisition of one of the UK’s leading transport software businesses, 3Squared Ltd.
The strategic acquisition sees EPM further strengthen its capability in providing high quality software solutions across the transport sector, focussed on improving operational and commercial performance.
3Squared is a Queen’s Award-winning digital solutions provider to the rail industry with a mission to enable the transportation sector to become safer, greener and more efficient through digitalisation. Its flagship RailSmart suite of software applications continues to positively disrupt the rail sector as more passengers, freight operating companies, and suppliers to the rail industry use the software to increase productivity whilst reducing risk and cost.
EPM, formed in 1986, provides software to help bus operators and transport authorities reduce operational costs, improve financial performance and better serve their customers.
Ian Churchill, CEO at EPM, said: “The acquisition of 3Squared will support our focus on integrated transport whilst diversifying our activities into the rail sector. We are excited by the opportunity this brings to deliver new solutions to common challenges across the bus and rail sectors.”
Tim Jones and James Fox, co-founders of 3Squared, said: “We are incredibly proud of the achievements of 3Squared over the last two decades. With the support of EPM, we are now ideally placed to accelerate our growth and further cement our position as a leading provider of integrated transportation solutions. We are looking forward to working with the EPM team on this exciting next chapter.”
Tim further commented and spoke of WTA’s role “Working with WTA as our advisors was a genuine pleasure. They helped us define our strategic thinking towards an exit, deeply understood our market and its positioning and guided through the entire process to completion. I would have no hesitation in recommending them to any technology company going to market.”
Alan Butterworth, WTA’s partner with responsibility for transport and smart city technology, said "This transaction is our fourth across the rapidly consolidating traffic, transport, infrastructure and logistics market segments and for EPM this creates a genuine multi-modal operational solution capability for operators across the public transport domain”