Iteris

Iteris, a pioneer in smart mobility infrastructure management, has a rich history that dates back to its founding. The company was originally part of Odetics, a technology incubator, and was spun off as a separate entity. The founders, including Joe Bergera, have been instrumental in steering the company towards its current focus on intelligent transportation systems.

Iteris made significant strides in the transportation industry by developing advanced technologies that improve the efficiency and safety of roadways. Their solutions include traffic management, weather detection systems, and data analytics, which have been widely adopted across various regions.

A major milestone in Iteris' journey was its acquisition by Almaviva, an Italian digital innovation group, in 2024. This acquisition, valued at $335 million, marked a new chapter for Iteris, expanding its global reach and enhancing its capabilities in the smart mobility sector. The acquisition was seen as a strategic move to leverage Almaviva's resources and expertise, further solidifying Iteris' position as a leader in the industry.

Throughout its journey, Iteris has remained committed to innovation and excellence, continuously adapting to the evolving needs of the transportation sector. The company's ability to integrate cutting-edge technology with practical applications has been key to its success, making it a vital player in the quest for smarter, safer, and more efficient transportation systems.