Almaviva, a private Italian digital innovation group, agreed to acquire Iteris, a technology ecosystem for smart mobility infrastructure management, for $335m. “This announcement marks an exciting next chapter for Iteris and all of our stakeholders. Iteris has been a pioneer and leader in intelligent transportation systems for more than 15 years and the agreement we reached with Almaviva is a testament to the grit, determination and innovative spirit of our entire team. Almaviva shares our vision for the future of digital mobility and our commitment to excellence. With this transaction, our team will be strongly positioned to continue to innovate and expand the global adoption of our ClearMobility Platform," Joe Bergera, Iteris President and CEO.