ZŰRICH, July 26, 2022
/PRNewswire/ -- Teralytics, the global platform for human
mobility analysis, today announced it has acquired the Streetlytics
mobility data business from Bentley Systems (Nasdaq: BSY), the
infrastructure engineering software company.
Streetlytics' team of mobility data analytics experts, led by
industry veteran Michael Clarke,
will boost Teralytics' capabilities and grow their presence in the
North American market. Mr. Clarke, previously President and CEO of
Citilabs, will join Teralytics in the newly appointed role of
President, reporting directly to Teralytics' CEO, David Reed. Bentley has partnered with Teralytics to
leverage the company's data services for Bentley's mobility simulation solutions, which
support transportation planners and engineers around the globe. As
part of the transaction, Bentley
is investing in Teralytics and will join its Board of Directors.
Teralytics' existing investors are also taking part in the
round.
"The Streetlytics' mission and values align perfectly with
ours," said Mr. Reed. "Having the team on board will deepen our
ability to serve customers across a number of industries through
our truly global, independent analytics platform. We are also
looking forward to partnering with Bentley, whose global reach opens new
opportunities for Teralytics to deliver our insights at scale."
Streetlytics delivers mobility analytics for audience
measurement across the out-of-home advertising industry in
the United States and Canada, as well as to experts in real estate,
retail, transportation planning, traffic engineering and air
quality analysis. Teralytics analyzes data from a diverse set of
sources, applying powerful data science to create transformative
insights into human mobility. The integration of the Teralytics and
Streetlytics technical stacks will create a powerful scalable
mobility analytics platform providing unmatched global data
coverage and insights.
"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,"
said Mr. Clarke. "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 a period of unprecedented
change. Businesses everywhere are also looking to improve their
growth and profitability through a rich understanding of the moving
consumer."
"Combining Teralytics' and Streetlytics' capabilities,
technology and experience will create a global mobility insights
powerhouse much needed in today's world to better model, forecast
and analyze movement," said Santanu
Das, Chief Acceleration Officer, Bentley. "We look forward to seeing the
combined entity grow and exploring opportunities to leverage these
mission-critical insights to assist our users who analyze the
effects of new projects and government policies on city
transportation networks through comprehensive digital twins."
About Teralytics
Teralytics provides population-level mobility insights that
transform our customers' understanding of people's interactions
with locations, routes and modes of transport. Starting with a
comprehensive view of mobility, we apply sophisticated data science
and domain expertise to shed light on people's journeys and factors
impacting their choices. Our customers use this knowledge to
evaluate existing infrastructure, inventory and services; shed
light on new possibilities, and ensure outcomes with the greatest
possible impact over time. Teralytics operates in Europe and North
America, powering decisions across a number of industries,
including transportation, public policy, tourism, media and retail.
www.teralytics.net
Press contact:
Maja
Zupan
maja.zupan@teralytics.net
Photo -
https://mma.prnewswire.com/media/1862215/Teralytics_Image.jpg
Logo -
https://mma.prnewswire.com/media/1862216/Teralytics_Logo.jpg