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Modaxo acquires Conduent's Transit Fare and Fleet units

PRIVATEOct 01, 2026

Acquiring Company

Modaxo

Acquired Company

Conduent Incorporated

Florham ParkFinancial ServicesMedia And EntertainmentMobileLending And InvestmentsInformation TechnologySoftwareArtificial IntelligenceTransportationAnalyticsMachine Learning

Description

Modaxo Inc. has completed the acquisition of Transit Fare Management and Fleet Management Solutions businesses from Conduent Incorporated. This acquisition represents Modaxo's largest deal to date, adding over 2,000 employees worldwide. The launch of new business units Novvan and Routeward reflects Modaxo's commitment to improving global transit solutions.

Company Information

Company

Modaxo

About

Modaxo is a global technology organization passionate about moving the world’s people. Working both together and independently, our collective of businesses are committed to delivering software and technology solutions that help connect people with the places they need to go for work, family, and everyday life. Learn more at Modaxo.com. Contact Information:Kim Emmerson, CMOModaxoTel: +1 416 473 6302kim.emmerson@modaxo.com

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Frequently asked

Who acquired Conduent Incorporated?

Conduent Incorporated was acquired by Modaxo. The deal was reported on October 1, 2026. Modaxo is a global technology organization passionate about moving the world’s people. Modaxo is privately held and operates in Financial Services.

When did Modaxo acquire Conduent Incorporated?

Modaxo's acquisition of Conduent Incorporated was reported on October 1, 2026. Modaxo Inc. has completed the acquisition of Transit Fare Management and Fleet Management Solutions businesses from Conduent Incorporated. This acquisition represents Modaxo's largest deal to date, adding over 2,000 employees worldwide. Fundz records the date the transaction was first publicly reported, sourced from filings and company announcements.

What does Conduent Incorporated do?

Conduent delivers digital business solutions and services spanning the commercial, government and transportation spectrum — creating exceptional outcomes for its clients and the millions of people who count on them. It is publicly traded (CNDT), operating in Information Technology, and is based in Florham Park.

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