Smarte Carte has acquired Lost and Found Software, a cloud-based platform that streamlines item intake, matching, customer communication and return fulfillment. The acquisition, backed by private equity firm 3i, expands Smarte Carte's portfolio of services for airports, shopping malls and other venues that handle lost property.

Lost and Found Software provides automated solutions that help organizations manage the entire lost item lifecycle from intake through return. The platform's cloud-based technology enables real-time tracking, automated customer notifications and efficient matching algorithms to reunite people with their belongings. This acquisition positions Smarte Carte to offer more comprehensive lost and found management services to its existing client base.

The deal represents 3i's continued investment in Smarte Carte's growth strategy through strategic acquisitions. By integrating Lost and Found Software's technology, Smarte Carte can enhance its service offerings and potentially increase market share in the growing lost and found management sector.