Fara (company)

FARA ASA

Type	Public
Industry	Information technology
Founded	2005
Headquarters	Trondheim, Norway
Area served	Global
Key people	Ørjan Kirkefjord (CEO) Jan Pihl Grimnes (Chairman)
Products	Electronic ticketing Infotainment systems Real time information systems Fleet management Passenger Information
Number of employees	80+
Website	fara.no

FARA ASA FARA is a supplier of IT to the public transport sector and sells electronic ticketing and real-time information systems such as Fleet Management, Traffic Management, Passenger Information and Infotainment Systems.

History

FARA’s history dates back to 1983, when Nera Mobildata AS, a Norwegian supplier of ticketing systems for ferry companies, was awarded the first AFC contract in the county of Sør-Trøndelag, Norway. In 1999, Q-Free ASA acquired Nera's ticketing business. 15 December 2005 FARA ASA was formally established when Q-Free divested itself of its ticketing business.

Through the acquisition of the Danish company TNC Connect A/S and the Finnish company Buscom OY in 2007, FARA gained access to complimentary technology and additional distribution in the Nordic countries. With the acquisition of the largest electronic ticketing vendor in Sweden, CPT Nordic AB, in 2008.
In addition to project deliveries, FARA has been participating in the work with the Norwegian national smartcard specifications (NSD – Nordic Specification DESFire).
FARA has 80 employees in five locations and representatives across Europe. The corporate headquarters are based in Trondheim, Norway, home to Norway's most important university for technology and science, NTNU.^[1]

References

1. "History of FARA". FARA Web Site. Retrieved 9 September 2013.