CitySync
AI-powered traffic management and optimisation platform.
| GBP | 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 |
|---|---|---|---|---|---|---|---|
| Revenues | 0000 | 0000 | 0000 | 0000 | 0000 | 0000 | 0000 |
| % growth | (38 %) | - | (13 %) | 10 % | 136 % | (7 %) | (17 %) |
| EBITDA | 0000 | 0000 | 0000 | 0000 | 0000 | 0000 | 0000 |
| % EBITDA margin | (26 %) | (12 %) | (26 %) | (39 %) | (2 %) | 10 % | - |
| Profit | 0000 | 0000 | 0000 | 0000 | 0000 | 0000 | 0000 |
| % profit margin | (28 %) | (15 %) | (21 %) | (42 %) | (2 %) | 10 % | 1 % |
| EV | 0000 | 0000 | 0000 | 0000 | 0000 | 0000 | 0000 |
| EV / revenue | 00.0x | 00.0x | 00.0x | 00.0x | 00.0x | 00.0x | 00.0x |
| EV / EBITDA | 00.0x | 00.0x | 00.0x | 00.0x | 00.0x | 00.0x | 00.0x |
| R&D budget | 0000 | 0000 | 0000 | 0000 | 0000 | 0000 | 0000 |
| R&D % of revenue | 49 % | - | 1 % | - | 1 % | 1 % | - |
Source: Company filings or news article
CitySync, now part of Jenoptik, specialises in Automatic Number Plate Recognition (ANPR) technology for traffic management and security applications. Founded in 1999 by Frank crouching, the company has established itself as a significant provider in the ANPR market. Their systems are utilised by police forces for identifying vehicles of interest, by local authorities for managing traffic flow and enforcing bus lane restrictions, and by private operators for car park management.
The core of CitySync's offering is its ANPR software and hardware, which includes cameras and processing units. The technology is capable of capturing license plates accurately in various conditions, day or night, and at high speeds. This data is then used for a range of applications such as average speed enforcement, congestion charging, and tolling. The business model involves the sale of these systems and software licenses to government bodies, law enforcement agencies, and private companies. In 2012, the company was acquired by Image Sensing Systems, Inc., which was later acquired by the German technology group Jenoptik, integrating CitySync into its Light & Safety division.
The acquisition by Jenoptik expanded CitySync's reach and integrated its ANPR capabilities into a broader portfolio of traffic solutions, including red light and speed enforcement cameras. This integration allows for more comprehensive traffic monitoring and enforcement solutions for municipalities and police forces. The company's technology is a key component in creating smarter and safer city environments by leveraging real-time vehicle data.
Keywords: ANPR, traffic management, license plate recognition, smart city, traffic enforcement, security solutions, vehicle recognition, car park management, law enforcement technology, tolling systems