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Sunday, Aug 14, 2022
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Seattle Picks Iteris for Smart Mobility, Safety

Iteris Inc. (Nasdaq: ITI) in Santa Ana said it has been awarded a contract from the Seattle Department of Transportation for a smart mobility, safety and sustainability program.

 

The selection represents an expansion of Iteris’s software-as-a-service solutions in the Pacific Northwest.

 

Financial terms were not announced.

 

Iteris, led by CEO Joe Bergera, is providing its ClearGuide SaaS solution that enables visualization of traffic data and analysis to improve mobility, safety and sustainability for Seattle road users.

 

Shares in Iteris closed up 1.3% at $3.12 for a market cap of $132 million.

Kevin Costelloe
Kevin Costelloe
Tech reporter at Orange County Business Journal
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