Cyclomedia, Global Leader in Geospatial Technology Acquires Smart Factor to Expand Footprint and Enhance Service Offerings in Poland

Zaltbommel, 4 June 2024 – Cyclomedia, a world leader in providing highly accurate 360° street-level visual data, enhanced by AI-powered analytics, is pleased to announce 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.”

The Volpi Team added: “"We at Volpi are delighted with Cyclomedia's acquisition of Smart Factor. This strategic bolt-on expands our international footprint, while enhancing our product offering, both fundamental pillars of our growth acceleration plan. We are excited for the opportunities this partnership will unlock and look forward to rolling up our sleeves and executing on our integration plan.”

About Cyclomedia

Cyclomedia digitizes the outside world on a large scale, with high fidelity and in 3D, allowing it to be visualized, mapped, analyzed and so enriched with layers of valuable information for its customers. The company develops, builds and operates the world’s most advanced mobile mapping systems, capturing over 850,000 km annually, enhanced by innovative AI-powered analytics to deliver actionable data-driven insights. Public and private organizations worldwide use this smart digital reality data to solve challenges in the areas of mobility, sustainability, safety and connectivity.

About Smart Factor

Smart Factor is an innovative tech company driving digital transformation for cities, public administrations, and enterprises with mobile mapping technology. Specializing in road management, outdoor advertising control, parking analytics, and infrastructure inventory. It develops and implements the SmartGEM cloud-based road management system used by cities and road managers across Poland.

Contact person Cyclomedia:
Bas Brinkman, Corporate Marketing Manager, bbrinkman@cyclomedia.com