Image credits: Teralytics
Zurich-based Teralytics, a human mobility analysis platform, announced on Tuesday that it has acquired Streetlytics, a mobility data business from Bentley Systems.
As a part of the acquisition, Streetlytics’ team of mobility data analytics experts will boost Teralytics’ capabilities and grow its presence in the North American market.
Additionally, Michael Clarke, former President and CEO of Citilabs, will join Teralytics in the newly appointed role of President, reporting directly to Teralytics CEO David Reed.
“I am thrilled for our team to be joining Teralytics, whose quest to improve decision-making in governments and businesses through mobility analytics matches our own beliefs and ambitions,” says Clarke.
He adds, “Global, always-on understanding of mobility has never been more relevant, as governments and operators seek to plan, design, operate, and maintain effective, efficient, and sustainable transportation systems during unprecedented change. In addition, businesses everywhere are also looking to improve their growth and profitability through a rich understanding of the moving consumer.”
Bentley and Teralytics
The acquisition will see Bentley partnering with Teralytics to leverage its data services for Bentley’s mobility simulation solutions, which support transportation planners and engineers.
Bentley is also investing in Swiss company and will join its Board of Directors.
“Combining Teralytics’ and Streetlytics’ capabilities, technology, and experience will create a global mobility insights powerhouse much needed in today’s world to a better model, forecast, and analyse movement,” says Santanu Das, Chief Acceleration Officer of Bentley.
“We look forward to seeing the combined entity grow and exploring opportunities to leverage these mission-critical insights to assist our users who analyse the effects of new projects and government policies on city transportation networks through comprehensive digital twins,” he adds.
Why this acquisition?
Streetlytics delivers mobility analytics for audience measurement across the out-of-home advertising industry in the United States and Canada, as well as to real estate, retail, transportation planning, traffic engineering, and air quality analysis experts.
The companies say that Integrating both their technical stacks will create a robust, scalable mobility analytics platform providing unmatched global data coverage and insights.
Teralytics: What you need to know
The Swiss company provides population-level mobility insights that transform customers’ understanding of people’s interactions with locations, routes, and modes of transport.
The company operates in Europe and North America, powering decisions across several industries, including transportation, public policy, tourism, media, and retail.
“The Streetlytics’ mission and values align perfectly with ours,” says David Reed. “Having the team on board will deepen our ability to serve customers across several industries through our truly global, independent analytics platform. We look forward to partnering with Bentley, whose global reach opens new opportunities for Teralytics to deliver our insights at scale.”
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