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. On the 15th of 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, FARA reinforced its undisputed position as the strongest provider of electronic ticketing and real time information systems in the Nordic market. Today, our partner and customer base is spread across Europe. Outside our home markets in the Nordic countries, we work with strategic partners to be closer to our customers.
In addition to project deliveries, FARA has been actively participating in the work with the Norwegian national smartcard specifications (NSD – Nordic Specification DESFire).
FARA has 109 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.