Inrix seeks to acquire ITIS Holdings

Inrix, the international provider of real-time traffic information and connected driving services, has made an offer to acquire ITIS Holdings for US$59 million.
January 27, 2012 Read time: 1 min

163 Inrix, the international provider of real-time traffic information and connected driving services, has made an offer to acquire 745 ITIS Holdings for US$59 million.

Inrix says the proposed acquisition, which will significantly expand its business into Australia, Brazil, South Africa, Singapore and Russia, with enhanced coverage in the UK, would grow its business exponentially in several areas. “Automakers, mobile companies and other customers are increasingly demanding global traffic and connected driving solutions,” said Bryan Mistele, president and CEO of Inrix. “ITIS is a strategic investment that expands our geographic reach, technical expertise and suite of market-leading technologies to offer customers the best traffic information, more cost-effectively and in more markets.”

Pending approval by ITIS shareholders, the deal is expected to close in late August 2011.

Urban Traffic Control

For more information on companies in this article

Related Content

  • Singapore aims to set MaaS benchmark
    September 26, 2019
    Delegates at this year’s ITS World Congress in Singapore will be able to experience Mobility as a Service for themselves in the form of MobilityX’s Zipster app
    Read More
  • I-95 Corridor Coalition selects Inrix for real-time traffic information
    September 12, 2014
    Inrix has been selected by the I-95 Corridor Coalition as one of their preferred providers of real-time traffic information. The majority of member states in the I-95 Corridor Coalition are continuing to use Inrix XD traffic information to help them streamline daily operations, pinpoint investments and deliver better traveller services. The I-95 Corridor Coalition is an alliance of transportation agencies, toll authorities, and related organisations, including public safety, from the State of Maine to t
    Read More
  • Moovit raises $50m to expand urban mobility operating system
    February 26, 2018
    Israel-based Transit app developers Moovit App Global has closed a $50m (£35m) Series D round led by Intel Capital. The funds will be used to expand its global sales team, enhance its consumer products to support user growth and invest in its Mobility as a Service Platform. Additionally, professor Amnon Shashua, senior vice president of Intel and CEO / CTO of Mobileye, will join Moovit’s board of directors as an observer. The app is said to provide transit information to more than 120 million users i
    Read More
  • Cloud computing technology benefits GIS
    July 17, 2012
    Geographic Information Systems are a relatively late adopter of cloud computing,but the benefits of host services for geospatial data and analysis are becoming clear. Jason Barnes reports Both the concept and the reality of cloud computing have been around for some time. More and more industry sectors are entrusting external service providers with the provision of their computing services via the internet. However, the Geographic Information System (GIS) industry has been slow to embrace the trend. This is
    Read More

Highlighted Content