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Synopsis
Teralytics, a developer of a mobility analytics platform, completed the acquisition of Streetlytics, a mobility data business of Bentley Systems, an infrastructure engineering software company. Financial terms were not disclosed. "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. 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," Michael Clarke, Streetlytics President.
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