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ConduentAsset sale

Modaxo Launches Novvan and Routeward

What happened

Conduent completed the sale of its Transit Fare Management and Fleet Management Solutions businesses to Modaxo.

Source

prnewswire.comOct 1, 2026

Modaxo Launches Novvan and Routeward

Article excerpt

Highlighted: the sentence this signal was extracted from

Completes acquisition of Transit Fare Management and Fleet Management Solutions businesses from Conduent TORONTO , Oct. 1, 2026 /PRNewswire/ -- Modaxo Inc. ("Modaxo"), a global technology organization focused on moving the world's people, today announced the launch of Novvan and Routeward, two new Modaxo business units that comprise the Transit Fare Management and Fleet Management Solutions businesses acquired from Conduent Incorporated. This is Modaxo's largest acquisition to date, with over 2,000 colleagues, based in 15 countries, joining the team. Novvan is a leading global provider of fare collection solutions that help transit agencies boost revenue, reduce fare evasion, and cut operational costs, while offering user-friendly, equitable access to communities. Routeward is a market leader in technology that enhances transit reliability and encourages public transit use for faster, safer travel. "We're thrilled to launch Novvan and Routeward and welcome their customers, employees and innovative suite of solutions to the Modaxo family," said Bill Delaney, Chief Executive Officer, Modaxo. "Adding the two new businesses significantly expands Modaxo's scale and the solutions we can offer our customers and the communities we serve around the world." The launch of Novvan and Routeward represents a deepening of Modaxo's commitment to the Transit Fare Management and Fleet...

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Extracted by Autobound

From the Signal API record
Event
Asset sale

What this signalsSelling part of the business often leads to a new focus and new budgets.

Takes effect
Oct 1, 2026

Companies

  • ModaxoAcquirermodaxo.com

More asset sale signals at other companies

The full record

From the Signal API record

Details

Assets
Transit Fare Management and Fleet Management Solutions businesses

Topics and mentions

Asset tags

  • services

Extraction

Confidence
100%
Detected
Oct 1, 2026
signal_type
news
signal_subtype
sells_assets_to

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The API returns more than this page shows

This page shows a preview. The full news record in the Signal API and MCP can also have these 8 fields. Some fields are empty for some signals.

Company

  • linkedin_urlValue in the API
  • industriesValue in the API
  • employee_count_lowValue in the API
  • employee_count_highValue in the API
  • revenueValue in the API
  • descriptionValue in the API

Signal

  • signal_nameValue in the API
  • associationValue in the API
Show the full JSONThe record on this page and the API request

GET /v1/signals/bbf6d697-879a-8c07-4db4-40bbfeb03dc6 returns this record as JSON. POST /v1/companies/enrich returns every signal for conduent.com.

{
  "signal_id": "bbf6d697-879a-8c07-4db4-40bbfeb03dc6",
  "signal_type": "news",
  "signal_subtype": "sells_assets_to",
  "detected_at": "2026-10-01T14:05:00+00:00",
  "company": {
    "name": "Conduent",
    "domain": "conduent.com"
  },
  "data": {
    "url": "https://www.prnewswire.com/news-releases/modaxo-launches-novvan-and-routeward-302896111.html",
    "title": "Modaxo Launches Novvan and Routeward",
    "assets": "Transit Fare Management and Fleet Management Solutions businesses",
    "excerpt": "Completes acquisition of Transit Fare Management and Fleet Management Solutions businesses from Conduent TORONTO , Oct. 1, 2026 /PRNewswire/ -- Modaxo Inc. (\"Modaxo\"), a global technology organization focused on moving the world's people, today announced the launch of Novvan and Routeward , two new Modaxo business units that comprise the Transit Fare Management and Fleet Management Solutions businesses acquired from Conduent Incorporated. This is Modaxo's largest acquisition to date, with over 2,000 colleagues, based in 15 countries, joining the team. Novvan is a leading global provider of fare collection solutions that help transit agencies boost revenue, reduce fare evasion, and cut operational costs, while offering user-friendly, equitable access to communities. Routeward is a market leader in technology that enhances transit reliability and encourages public transit use for faster, safer travel. \"We're thrilled to launch Novvan and Routeward and welcome their customers, employees and innovative suite of solutions to the Modaxo family,\" said Bill Delaney, Chief Executive Officer, Modaxo. \"Adding the two new businesses significantly expands Modaxo's scale and the solutions we can offer our customers and the communities we serve around the world.\" The launch of Novvan and Routeward represents a deepening of Modaxo's commitment to the Transit Fare Management and Fleet...",
    "summary": "Conduent completed the sale of its Transit Fare Management and Fleet Management Solutions businesses to Modaxo.",
    "planning": false,
    "image_url": "https://mmx.prnewswire.com/media/MS1999610/Novvan-and-Routeward-Launched-October-1-2026.jpg?id=OA2979533&p=facebook",
    "confidence": 1,
    "assets_tags": [
      "services"
    ],
    "published_at": "2026-10-01T14:05:00Z",
    "effective_date": "2026-10-01",
    "article_sentence": "Completes acquisition of Transit Fare Management and Fleet Management Solutions businesses from Conduent TORONTO , Oct. 1, 2026 /PRNewswire/ -- Modaxo Inc.",
    "related_company_name": "Modaxo",
    "related_company_domain": "modaxo.com"
  }
}

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