Teralytics acquires Streetlytics from Bentley Systems
by CM Staff
As part of the transaction, Bentley is investing in Teralytics and will join its board of directors.
ZŰRICH — Teralytics, a platform for human mobility data, has acquired the Streetlytics mobility data business from Bentley Systems, the infrastructure engineering software company.
Under the direction of Teralytics’ president Michael Clarke, Streetlycs’s mobiltiy data analytics experts will develop the company’s capabilities and help grow their presence in North America.
Clarke will report directly to Teralytics’ CEO, David Reed. Bentley has partnered with Teralytics to leverage the company’s data services for Bentley’s mobility simulation solutions, which support transportation planners and engineers around the globe.
As part of the transaction, Bentley is investing in Teralytics and will join its board of directors. Teralytics’ existing investors are also taking part in the round.
“The Streetlytics’ mission and values align perfectly with ours,” said Reed.
“Having the team on board will deepen our ability to serve customers across a number of industries through our truly global, independent analytics platform. We are also looking forward to partnering with Bentley, whose global reach opens new opportunities for Teralytics to deliver our insights at scale.”
Streetlytics delivers mobility analytics for audience measurement across the out-of-home advertising industry in the United States and Canada, as well as to experts in real estate, retail, transportation planning, traffic engineering and air quality analysis.
Teralytics analyzes data from a diverse set of sources, applying data science to create insights into human mobility. The integration of the Teralytics and Streetlytics technical stacks will create a scalable mobility analytics platform.