Yotta DCL, the highways technology arm of Oxford Metrics Group (OMG), is set to acquire Mayrise Systems.
The deal, which is subject to shareholder agreement, will see both companies join forces in an effort to spearhead growth in highways asset management software and services.
Mayrise provides software and IT services for managing local authority street-based services. The Mayrise suite of desktop and mobile software includes applications for highways maintenance, street lighting, street works, waste management and grounds maintenance. Yotta DCL supplies complimentary software for highways condition management (March UKPMS) and visualised asset management (Horizons), as well as highways surveying and consultancy services.
The two businesses will, for a time, operate separately and will continue to offer all current systems and services. By increasing the company’s expertise and resources, the full suite of Mayrise management software and Yotta DCL’s UKPMS and Horizons software will benefit from additional development and support. Yotta DCL’s surveying business and expanding consultancy arm will continue as before.
Nick Smee, CEO of Yotta DCL, said: “The decision to broaden our expertise and product set through the acquisition of Mayrise was an easy one. We have worked alongside Mayrise with our mutual customers for many years and we have come to know them and their capabilities well. They have over 115 customers in the UK using their software to help manage highways-related services. Their commitment to providing a high quality, transparent service to their customers is a great cultural match to our own.”
Mark Clarke, managing director of Mayrise Systems, added: “Combining expertise and resources makes perfect sense and there are some exciting developments on the horizon.”