Brisk Synergies acquired by B.C. firm
Traffic analysis software company’s 14 employees to stay in Waterloo area
WATERLOO — Brisk Synergies, a Waterloo-based company specializing in automated road safety analysis, has been acquired by a firm headquartered in British Columbia.
Transportation engineering firm Transoft Solutions Inc. develops specialized planning, simulation, modelling and design software for the aviation, transportation and civil infrastructure sectors.
Brisk Synergies, founded in 2013 by a pair of University of Waterloo grads, develops software that provides continuous analytics on traffic video to help to prevent collisions and to improve road safety.
The cloud-based Brisk platform analyzes and reports on traffic flow and near-miss collisions from video-monitored intersections in cities around the world, including Toronto, Montreal, Atlanta, Denver, Bogota, Zurich and Mumbai.
The data analysis can quickly identify problems and potential solutions, allowing planners and engineers to make more in- formed decisions.
“We are impressed with the advanced technologies Brisk has developed and its highly skilled team of researchers and developers,” Transoft Solutions president Milton Carrasco said in a news release.
Brisk has 14 employees, and will remain in Waterloo.
Jessie Gill, vice-president, corporate marketing for Transoft, said in an email that Brisk will become a Transoft Solutions company but will retain its name for now, pending a rebranding review.
“Brisk’s expertise in machine learning and vision analytics is valuable to Transoft’s future product development and it also allows us to provide our customers with an extensive suite of products with a focus on road safety,” Gill said.
“We are very excited to be part of Transoft,” Brisk chief executive officer Charles Chung said in the release. “By teaming with the highly seasoned team at Transoft, I strongly believe Brisk will strengthen its product line and deliver higher-value innovative road safety solutions to our existing and new clients.”
Chung will become vice-president, transportation safety, with Transoft. Brisk’s chief scientist, Luis Miranda-Moreno, is also an associate professor in the department of civil engineering at Montreal’s McGill
University.
Transoft’s software is used in more than 130 countries. Headquartered in Richmond, B.C., it has offices in Sweden, the United Kingdom, the Netherlands, Australia, Germany, India, Belgium, and China.