SISCOG has been acquired by Modaxo, a subsidiary of Constellation Software
Lisbon – CFI is pleased to announce that it acted as the exclusive financial advisor to the shareholders of SISCOG in the company’s sale to Modaxo, a subsidiary of the largest investor in vertical software, the Canadian Group Constellation Software.
SISCOG – Sistemas Cognitivos is a leading Portuguese provider of advanced planning and scheduling technology solutions for the rail industry, specialized in cutting-edge decision support software solutions for optimised resource scheduling, management and dispatching in public transport. With nearly 40 years of domain expertise and leveraging a powerful combination of Artificial Intelligence and Operations Research techniques, the SISCOG Suite helps transport operators deliver high quality service to their passengers while maximizing efficiency and sustainability in the use of critical operational resources—time, space (timetables), vehicles, and staff.
Modaxo is part of Constellation Software Group and a global leader in the passenger transportation technology sector, offering innovative solutions for urban mobility and community connectivity. With presence in more than 20 countries and a portfolio of more than 30 brands, Modaxo has been strengthening its presence in Europe through the acquisition of established local companies with strong international footprint and potential, such as SISCOG.
This transaction represents the successful exit of SISCOG’s shareholders and founders and marks Modaxo’s first step on the Iberian Peninsula, as well as the expansion of its product portfolio in the rail passenger transport sector.
This transaction closed on 1 July 2025
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SISCOG – Sistemas Cognitivos, a leading Portuguese provider of advanced planning and scheduling technology solutions for the rail industry, has been acquired by Modaxo, a subsidiary of the largest investor in vertical software, the Canadian Group Constellation Software.
This transaction was advised by:
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