Iteris completed the acquisition of TrafficCast International for $17m.

Iteris, a smart mobility infrastructure management company, completed the acquisition of TrafficCast International, a privately held company headquartered in Madison, Wisconsin that provides travel information technology, applications and content to media, mobile technology, automotive and public sector customers throughout North America, for $17m. "We are excited to welcome TrafficCast to the Iteris family. This acquisition further enhances Iteris’ leadership in the smart mobility infrastructure management market and provides us a strategic position in related commercial markets. Additionally, TrafficCast’s market-leading software and IoT devices, as well as its data ingestion, data science and analytics solutions, will enhance the capabilities of our ClearMobility™ Platform. Going forward, we plan to pursue additional acquisitions, like TrafficCast, that support our financial and strategic objectives," Joe Bergera, Iteris President and CEO.