IBI Group Announces Acquisition of Solutions Provider, Telenium

TORONTO, Dec. 10, 2021 (GLOBE NEWSWIRE) -- Global design and technology firm, IBI Group Inc. (TSX: IBG) (“IBI” or the “Company”), announced today that it has completed the purchase of the assets of Telenium Inc. (“Telenium”), (the “Acquisition”), including all intellectual property and technology assets. Specializing in telecommunications that integrate telephone, computer, and web technologies, Manitoba-based Telenium is most known in Canada for its integrated 511 advanced traveller information solution. The Acquisition bolsters IBI’s Travel-IQ™ product through access to new markets, and increases the firm’s SaaS portfolio and recurring revenue profile.

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