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Stock impact report

Via Acquires Downtowner to Expand Category-Leading Public Transit Technology Platform

Via Transportation, Inc. Class A (VIA) 
US:NASDAQ Investor Relations: ir.viacom.com
Company Research Source: Business Wire
NEW YORK--(BUSINESS WIRE)--Via, the leading provider of technology to power public transit networks, today announced the acquisition of Downtowner, a transportation technology company specializing in innovative and efficient public transit solutions for Destination Cities. This acquisition expands Via’s best-in-class public transit platform with a solution designed and honed over more than a decade to address a key segment of the transit market.Founded in 2012, Downtowner has developed a sophisticated flexible, software-powered transit solution that has been adopted by many of the most iconic Destination Cities across the US. Cities such as Aspen, CO, Park City, UT, and Truckee, CA, have come to rely on the company’s deep expertise in supporting communities with unique transportation needs. US Destination Cities are experiencing economic expansion, accompanied by increased transportation challenges, making these communities an important and growing market for modern, technology-en Show less Read more
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