Iteris

Iteris offers a range of products and services for smart mobility management, including:

1) Detection systems: Vantage , which is a video detection system for traffic management; Vantage Vector , which is a hybrid video and radar detection system; and VantageLive! , which is a cloud-based video detection data analytics platform

2) Performance measurement systems: ClearGuide , which is a real-time traffic analytics software; ClearPath , which is a traffic signal optimization solution; and  ClearMobility Cloud , which is a platform integrating various data sources for real-time mobility insights

3) Traffic management systems: iPeMS , which is an intelligent performance measures system for transportation network performance monitoring, and SmarTek , which is a connected vehicle and smart city solutions

4) Automated traffic signal performance measures (ATSPM): A tool for traffic signal performance monitoring and optimization

5) Weather solutions: ClearRoute , which is a weather forecasting and road condition service for transportation agencies, and Environmental Sensing Stations (ESS), which is hardware for weather data collection and analysis

6) Other services include consulting and advisory services, traffic engineering and design, intelligent transportation systems (ITS) infrastructure planning and design, and transportation systems management and operations (TSMO).

The company leverages cloud computing, AI, advanced sensors, advisory services, and managed services to ensure safer roads. 

Its notable acquisitions include 

1) TrafficCast, a provider of technology and data analysis for real-time and predictive traffic information (December 2020)

2) Albeck Gerkan, a provider of traffic operations engineering services (June 2019)

3) Berkeley Transportation Systems, a provider of consultation services for transportation systems (October 2011)

4) Meridian Environmental Technology, provider of technology for transportation (December 2010).

Key customers and partnerships

Iteris caters to public agencies and private enterprises. Its public sector customers include the Texas Department of Transportation, Metropolitan Transportation Commission, OCTA, Transport Canada, Concord, Sandag, City of Abilene Texas, VDOT, FDOT, Maricopa County, the City of Cedar Park in Texas, Coachella Valley Governments in California, and the Orange County Transportation Authority etc. Its commercial enterprise customers include OHL USA, FNF, Continental, Waze, Qualcomm, Harman, Wejo, Ushr, Denso, iHeart Media, Total Traffic & Weather Network, StateFarm, Ford, ASTALDI Construction, Flatrion, and more.

Its recent product partnerships include

1) Sumitomo Electric Industries (SEI), a Japanese electronics company, to integrate SEI's pedestrian detection sensor into Iteris' ClearMobility Platform (June 2024)

2) Arity, a provider of mobility data and analytics, to integrate traffic data solutions from Arity into Iteris’ ClearMobility Platform (February 2024).

Funding and financials

Iteris recorded revenue of USD 172.0 million, with an operating profit of USD 12.9 million in FY2024 (year ending March).