History
In 1978, Associated Electronic Services Ltd (AES), a Perth-based engineering company, began developing an automated fare collection (AFC) system. In 1984 AES won a contract for an AFC system in Toronto, Canada. That same year Energy Research Group (ERG) was listed on the stock exchange. ERG was a venture capital-backed company, researching various technologies including an electronic sign board and a manufacturing process for surfboards.
In 1987, ERG acquired a controlling interest in AES. The first project the new ERG won was in Darwin, resulting in the world's first use of smart cards for passengers by a public transit organisation. In 1988 ERG acquired the balance of AES.
In 1989, ERG acquired Radiolab, which specialised in pagers and base stations, to become ERG's telecommunications and manufacturing division. ERG also acquired a 70% interest in Prodata Electronics, Belgium.
In 1997 ERG formed an alliance with Motorola, primarily for their smartcard technology, and won substantial contracts in Berlin, Rome, San Francisco and Singapore. An alliance with American Express was formed. Ecard was established.
In 2008 the New South Wales government cancelled the Tcard project, with lawsuits in both directions (now resolved).
In 2009, Vix Technology acquired the assets of the former ERG Group, when ERG restructured and changed its name to Videlli Limited.
In 2010, Vix Technology acquired ACIS, a UK-based supplier of ITS and PIDS solutions.
In 2011, Vix Technology launched a rebranding of the company, integrating all of its business under one brand "Vix".
Read more about this topic: Vix Technology
Famous quotes containing the word history:
“Three million of such stones would be needed before the work was done. Three million stones of an average weight of 5,000 pounds, every stone cut precisely to fit into its destined place in the great pyramid. From the quarries they pulled the stones across the desert to the banks of the Nile. Never in the history of the world had so great a task been performed. Their faith gave them strength, and their joy gave them song.”
—William Faulkner (1897–1962)
“No matter how vital experience might be while you lived it, no sooner was it ended and dead than it became as lifeless as the piles of dry dust in a school history book.”
—Ellen Glasgow (1874–1945)
“A man will not need to study history to find out what is best for his own culture.”
—Henry David Thoreau (1817–1862)