Causeway bought Yotta, which is described as “a global provider of connected asset management software and services” from Oxford Metrics.
In a statement, Causeway explained that Yotta serves over 200 customers worldwide, providing software to assist in the management of more than 35 million physical assets and related services – including highways, street lighting, and waste management.
The acquisition of Yotta marks another step on Causeway’s journey to digitise the processes that underpin the construction and maintenance of infrastructure assets, the company said.
Phil Brown, chief executive of Causeway, said: “Process and data integration is essential for all local authority contracts executed by contractors. The acquisition of Yotta brings us a team with fantastic knowledge of solutions for local authority asset management and services. This, combined with Causeway’s own expertise in contractor job and resource management, creates a team with an unparalleled depth of understanding.”
Nick Smee, chief executive of Yotta, said he was confident that the combining of “two UK-based sector leading software businesses will be a positive and exciting one for our existing customers, the many new users we hope to add over the coming months and years, and for our continued innovation in asset management solutions.”
Yotta was established in 1986 and has seen significant momentum across several service areas, from highways management, environmental services to street lighting and works. Causeway Technologies was established in 1999 and serves over 2,800 customers and has over 400 employees.