Abengoa SA's IT unit Telvent GIT SA said its US arm Telvent Traffic North America Inc has agreed on the acquisition for an undisclosed sum of Texas-based Caseta Technologies which develops road toll charging technology.
Caseta Technologies is a privately held company established in 1995 by Founder, Glenn Deitiker. Glenn Deitiker is currently President & CTO of Caseta. Sources say that Deitiker has close ties with Mayor Will Wynn, who voted to toll roads we've already paid for in Austin. County records show that Glenn Deitiker resides in the same building as Mayor Wynn, the Austin City Lofts (800 W. 5th St.), just 5 floors away from Mayor Will Wynn's front door.
Caseta was selected for CTRMA's 183A toll system and the Caseta website list these Customers:
Central Texas Regional Mobility Authority (CTRMA), Austin, TX
TransCore
MTA Bridges & Tunnels (MTA B&T), New York, NY
New York State Bridge Authority (NYSBA), Highland, New York
TransCore, one of Melinda Wheatley’s transportation clients received a multimillion dollar contract with TxDOT in Sept. 2005. The contract allows for the initial release of 500,000 eGo Plus RFID tags, branded locally as TxTag, with a total of 2 million tags over two years. Wheatley has landed multimillion dollar transportation contracts while keeping an intimate relationship with the House Transportation Chair, State Representative Mike Krusee.
1 comment:
FROM Danny L. Newton:
I have been looking into the Massachussets Big Dig Project to see if their economy really was put on steroids after $14.6 billion was spent and have calculated that before the Big Dig, their State Domestic Product was doubling every 5270 days. After the Big Dig, their Gross State Product is doubling every 5246 days. I think this is another proof that all of the hyper ventillation about the economic development from transportation projects is not justified and is harder to predict than the Chamber of Commerce makes one believe. Also I noticed that Massachussets is having a little problem with their toll roads too. http://www.thenewspaper.com/news/16/1689.asp
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