Kirkland, Wash. USA and Altrincham, UK, August 22, 2011 - INRIX, Inc., a leading international provider of real-time traffic information and connected driving services, announced today that it has completed the acquisition of ITIS Holdings plc, a UK-based traffic information company. The acquisition adds $27 million in revenue and 155 employees to INRIX, and extends INRIX's reach to more than 200 leading customers in 30 countries around the world. With this acquisition, more than 150 million drivers will rely on INRX traffic information to help them save time, money and use less fuel every day.
"The acquisition takes us one step closer to our goal of reducing the world's traffic congestion by providing better information globally," said Bryan Mistele, president and CEO of INRIX. "As one company fueled by a talented staff and an unrivaled set of patented breakthrough technologies, we offer customers the best quality real-time, predictive and historical traffic information and services worldwide."
Said Stuart Marks, Founder and CEO of ITIS, "Our complementary technologies, combined geographic reach and expanded technical expertise helps us better serve our customers and provides our staff exciting opportunities to work with some of the world's leading companies. We are delighted to join with INRIX."