Videalert, a supplier of traffic management and enforcement solutions to local authorities, has announced that it has been acquired by transportation and enforcement services group Marston Holdings.
David Richmond, CEO of Videalert said: “We are delighted to become a key part of Marston Holdings, as it will enable us to accelerate our development strategy and fully exploit the growth potential for our products and services within the parking and intelligent transport sectors.”
This announcement follows deployments for a number of Marston’s clients, including the London Borough of Barnet, the Royal Borough of Kingston upon Thames and the City of Westminster, where Videalert has replaced CCTV enforcement systems.
Marston Holdings’ Chief Executive added: “Videalert is our second acquisition to be announced in 2019 and follows that of Logic Valley, a software developer that specialises in artificial intelligence and mobile application development. The acquisitions are a key part of our ongoing business transformation strategy with new technology-driven service propositions that will deliver even greater value to local authorities. There is a great synergy between Videalert and Marston Holdings at every level, including a longstanding relationship with NSL, which we acquired in 2017. Videalert shares our commitment to innovation and meeting the needs of clients, particularly those that are currently tackling the challenge of air pollution in our cities.”