Iteris Inc., a provider of traffic management solutions, announced Monday, Oct.31, that it has signed a definitive agreement to acquire all of the outstanding capital stock of Berkeley Transportation Systems Inc., a privately-held company based in Berkeley, Calif. Terms were not announced.
BTS is a provider of transportation performance measurement. Its Performance Measurement System leverages the company’s real-time data collection, diagnostic, fusion and warehousing platform to aggregate and compute performance measures to analyze how a transportation system is performing based on predetermined measures of effectiveness such as stops, delays and travel time. BTS says the PeMS system provides users with an extensive set of reporting tools that allow for visualization and animation.
“BTS is a pioneer and leader in performance measurement systems, and their capabilities are a perfect complement to our iPerform software, as well as our performance measurement and management initiative as a whole,” says Abbas Mohaddes, president and chief executive officer of Iteris. “I believe this acquisition provides a key technology and a strong base from which to grow this area of our business, and is consistent with our growth strategy and to become the leader in providing information management solutions for intelligent traffic management.”
Since its inception in 1998, BTS has been involved in more than 20 projects and deployments, with customers ranging from the California Department of Transportation, Caltrans and the Alaska Department of Transportation to the Transportation Research Board and Attikes Diadromes S.A., which operates the Attica Tollway in Greece.
“We see tremendous opportunities in combining forces with Iteris to deliver performance measurement solutions to their large customer base,” says Karl Petty, president and CEO of BTS. “This includes expanding the capabilities of our products with Iteris’ iPerform software to take performance measurement to new heights.”