Traffic management system provider Iteris Inc., is acquiring all of the outstanding capital stock of Berkeley Transportation Systems (BTS), a privately-held consulting company based in Berkeley, CA, that focuses on developing transportation data systems. Terms were not disclosed.
In particular, Iteris said information gleaned from BTS’s unique Performance Measurement System (PeMS) will be integrated into its product offerings. PeMS leverages real-time data collection, diagnostic, fusion, and warehousing platform to analyze how a transportation system is performing based on pre-determined measures of effectiveness such as stops, delays, and travel time.
“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,” said Abbas Mohaddes, president & CEO of Iteris, in a statement.
“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 to become the leader in providing information management solutions for intelligent traffic management,” he added.