Paragon ID announces strategic investment in airweb
Paragon ID is pleased to announce the strengthening of its smart solutions offering with a strategic investment in the share capital of airweb, a specialist in mobile ticketing applications.
Having already successfully deployed mobile ticketing solutions in the public transport systems of a number of cities, using its secure NFC Host Card Emulation technology, Paragon ID completes its mobile offerings through this strategic investment.
Based in Paris, airweb is a leading digital technologies expert, offering web apps and mobile ticketing solutions, predominantly in the Mass Transit and Leisure markets. Since the launch in 2016 of its software-as-a-service platform, including Mobile ticketing & passenger information, more than 20 transport authorities have chosen airweb’s QR code-based solution, offering its customers a seamless journey with efficient ticketing and information. This makes airweb’s offering the most deployed mobile ticketing solution in France today.
Paragon ID already has a world-leading position in ticketing for Mass Transit & Smart Cities and is constantly looking for new ways to help mass transit operators implement the most efficient & innovative ticketing technologies. In recent years, Paragon ID has developed secure software solutions for all major standards in the industry including “NFC enabling” software, currently used in mobile applications in Nice and Toulouse.
This new partnership creates the opportunity for Paragon ID & airweb to leverage their respective solutions and market positions to deploy, worldwide, the most comprehensive & easily scalable mobile ticketing platform in the market.
The combined platform will serve the needs of small, medium and larger transport networks with similar architecture and services, whether with airweb’s existing barcode/QR code solution lending itself to a standalone & quickly-implemented option, or with the latest NFC solutions adapted to larger networks’ need for compatibility with existing smart ticketing systems.
John Rogers, Paragon ID Chairman & CEO, comments:
“Paragon ID’s leading position in the supply of transport tickets and cards and its strong relationships with many cities across Europe, USA and the rest of world, coupled with airweb’s know-how in the deployment of mobile solutions, gives us the opportunity to widen our offering and support smart cities in their transition towards digital solutions. We are delighted to be joining forces with airweb and we look forward to leveraging our combined expertise to develop a winning solution that can be a “real game changer” for both our companies.”
Clem Garvey, Paragon ID Deputy CEO, adds:
“This new platform is a stepping stone to boosting our development in digital payment services, enhancing our access to a market that is estimated to grow by 50%+ over the next two years . The completion of our mobile ticketing offering with the airweb technology will afford further opportunity for cooperation with our existing partners and technology stakeholders, with whom we continue to develop and consolidate long-term, strategic relationships.“
Xavier Debbasch, airweb CEO says:
“We are very proud and excited to start this strategic partnership with Paragon ID. This is a powerful association combining airweb’s digital culture and agility and Paragon ID’s NFC technology and market position. We are convinced we are setting a new standard and will provide our existing and future customers a great mobile ticketing customer experience.”
 According to Juniper Research1 Oct. 17, Market for mobile payment of transport and event tickets will grow from 14 billion in 2018 to 23 billion in 2020.
For more information about airweb, please visit: http://www.airweb.fr/