Canada - December 7, 2024 —

In a year marked by transformative achievements and industry recognition, Miovision has emerged as a leader in intelligent traffic solutions and urban mobility, achieving rapid growth, expanding its reach, and solidifying its position as an innovator in the smart city ecosystem. This increased adoption of digital transformation comes as cities around the world embrace and prioritize sustainable, data-driven infrastructure to address congestion, improve public safety, and reduce environmental impacts on a large scale.

Pioneering a Digital Future for Intersections and Smart Cities

As urban populations continue to swell, traffic congestion, pollution, and safety are growing concerns. Intelligent transportation systems (ITS) offer solutions to these complex challenges, leveraging data and connected infrastructure to make urban spaces safer and more efficient.

Reflecting on Miovision's journey, Kurtis McBride, CEO of Miovision, likens the company’s work to a new frontier in infrastructure digitization: "Virtually every automotive company has a program to digitize the vehicle. Miovision brings the digitization of infrastructure equivalent to vehicles, positioning us as the bridge between city infrastructure and connected vehicles." This approach positions Miovision as the "smartphone of the intersection," providing a single platform capable of handling a multitude of applications that once required separate hardware.

"We’re addressing problems once tackled by fragmented markets, offering a single solution with a much larger total addressable market. Our platform isn’t just about ROI but ROX (Return on Experience)—improving safety, reducing congestion, and cutting greenhouse gasses while saving cities operational costs.”

Miovision's Achievements: Building Momentum in Traffic Management

Miovision’s achievements over the past year reflect its ability to innovate and execute at scale.

Recognition & Awards:

• Ranked 9th in the Enterprise—Industry Leaders category of the 2024 Technology Fast 50 Canada program, with an impressive 348% growth over three years.
• Kurtis McBride was named one of 11 Ontario winners in the EY Entrepreneur Of The Year program, honored for his leadership and dedication to revolutionizing urban traffic management.
• Recognized among Canada’s Top Growing Companies in 2024, highlighting sustained revenue growth and market demand for Miovision’s solutions.
• Ranked Number 337 Fastest-Growing Company in North America on the 2024 Deloitte Technology Fast 500

Strategic Expansion:

• Completed six strategic acquisitions in under three years, including the acquisition of Traffic Technology Services (TTS), the world leader in connected vehicle technology (V2X), which strengthens Miovision’s capabilities in smart infrastructure.
• Expanded workforce to over 400 employees across Canada, the U.S., and Europe, demonstrating continued investment in talent to support growth.

Global Reach:

• Now serving nearly 2,000 customers across 68 countries, detecting over 77 billion vehicles and 3 billion pedestrians and cyclists, helping cities improve safety and traffic flow.
• The company introduced its advanced intelligent transportation solutions to the Middle East at the Dubai ITS World Congress marking a significant growth in urban mobility.
• Miovision’s Scout Plus attracted global attention at Intertraffic Amsterdam 2024, especially from markets in Germany, France, Belgium, and LATAM.

Scaling for 2025 and the Road Ahead

Miovision’s growth is emblematic of broader trends in the smart city and ITS sectors. With a diverse customer base spanning cities, transit agencies, fire and police departments, and beyond, Miovision’s "Return on Experience" approach shows how intelligent infrastructure can solve safety and efficiency problems while also delivering financial returns. 

“Our remarkable 348% growth over the past three years reflects the deliberate and strategic implementation of processes that set the foundation for sustained success,” said Lyne Jacques, Chief Revenue Officer at Miovision. “Scaling a business at this pace is a true team effort, requiring rigorous planning and establishing the right pillars to support our goals. We’re proud of how far we’ve come—and we’re just getting started.”

In January, Miovision will join other global innovators, including 271 companies on the Fortune 500, at CES, an annual trade show organized by the Consumer Technology Association (CTA), known as "the most powerful tech event in the world." Here, the company will showcase its cutting-edge technologies, offering a firsthand look at the future of traffic management and smart cities to an international audience. This presence at CES underscores Miovision’s approach to bridge the gap between intersections and vehicles, accelerating innovation across the entire traffic ecosystem.

Following CES, Miovision is set to advance ambitious goals for 2025, including expanding its network of intersections across North America and strengthening partnerships worldwide. 

Where Smart Cities Are Heading

The next decade in smart city development is likely to bring about an unprecedented level of connectivity and intelligence. As Miovision and its peers continue to innovate, the public can expect:

1. Increased Data-Driven Insights: More cities will adopt intelligent infrastructure that provides actionable insights into traffic patterns, congestion points, and safety hazards, enabling proactive management and improved urban planning.
2. Greater Integration with Autonomous Vehicles: The relationship between digitized infrastructure and connected vehicles will only deepen, allowing seamless communication that enhances safety, navigation, and efficiency.
3. Environmental Benefits: With intelligent traffic management reducing idle time and optimizing fuel consumption, smart cities are poised to contribute significantly to sustainability goals, making the case for broader adoption across regions.
4. Global Adoption and Localization: As evidenced by Miovision’s recent entry into the Middle East and Europe, there is growing interest worldwide in smart city solutions. The technology will continue to be adapted to local needs, bringing the benefits of smart infrastructure to diverse urban environments.

A Shared Vision for Smart Cities

While Miovision is at the forefront, it’s clear that smart city progress is a collaborative effort. The industry requires partnerships, shared visions, and an ecosystem of stakeholders dedicated to transforming urban environments. By creating an adaptable, scalable platform that can integrate with various systems and vehicles, Miovision exemplifies the collaborative, forward-thinking mindset that will shape the future of intelligent urban mobility.

Contact Info:
Name: Dina Guttensohn
Email: Send Email
Organization: Miovision
Website: https://miovision.com/

Release ID: 89147950

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