Q-Free buys Dacolian
Summary
Q-Free agreed to acquire 70% of Dacolian, a Dutch software company focused on pattern recognition for traffic and transport applications. Dacolian specializes in license plate recognition and related vehicle identification software that can be embedded in Q-Free systems or sold as a standalone solution. The deal expands Q-Free’s capabilities in intelligent transport systems and broadens its market reach beyond tolling into time estimation, access control, law enforcement, and surveillance. Dacolian’s CEO will remain in the role after the transaction, and the company will be consolidated into Q-Free’s accounts from mid-August 2008.
Classifications
industries
No industries detected
applications
E-Commerce & Retail
AskAI Classifications
Labels
Automatic License Plate Recognition Software
Video Analytics Software
Tolling Software
Linked Companies
Q-Free Netherlands B.V.
$250M to $500M