M&A Deal Summary

Inrix Acquires ITIS Holdings

On August 22, 2011, Inrix acquired technology hardware company ITIS Holdings from Smedvig Capital

Acquisition Highlights
  • This is Inrix’s 1st transaction in the Technology Hardware sector.
  • This is Inrix’s 1st transaction in the United Kingdom.

M&A Deal Summary

Date 2011-08-22
Target ITIS Holdings
Sector Technology Hardware
Buyer(s) Inrix
Sellers(s) Smedvig Capital
Deal Type Add-on Acquisition

Target

ITIS Holdings

Altrincham, United Kingdom
ITIS was one of the early entrants into the then nascent UK traffic information market initially piggy backing its position in vehicle security probes to develop the first ‘Floating Vehicle Data’ methodology (“FVD”), now used widely in the market.

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Buyer(S) 1

Buyer

Inrix

Kirkland, Washington, United States

Category Company
Founded 2005
Sector Internet Software and Services
DESCRIPTION

Inrix is a provider of real-time traffic information and connected driving services worldwide. Inrix was founded in 2005 and is based in Kirkland, Washington.


DEAL STATS #
Overall 1 of 3
Sector: Technology Hardware M&A 1 of 1
Type: Add-on Acquisition M&A Deals 1 of 3
Country: United Kingdom M&A 1 of 1
Year: 2011 M&A 1 of 1
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2015-09-10 ParkMe

Santa Monica, California, United States

ParkMe is a provider of real-time parking information to navigation companies and smartphones. Consumers can access ParkMe via GPS and in-car navigation systems, ParkMe.com, online widgets, iPhone, iPod Touch, iPad and Android apps.

Buy -

Seller(S) 1

SELLER

Smedvig Capital

London, United Kingdom

Investor Investor Investor Investor


Category Venture Capital Firm
Founded 1996
PE ASSETS 1.7B USD
Size Large
Type Sector Agnostic
DESCRIPTION

Smedvig Capital is a venture capital and business growth firm that typically targets investment opportunities in the UK. Smedvig seeks both direct buyout and growth capital investments and also makes investments in other third party private equity funds. Smedvig's direct investment practice targets equity investments of £3 to £10 million in businesses valued up to £30 million. Areas of interest include information management, financial services, consumer goods, retail, and support services. Smedvig Capital was formed in 1996 and is based in London.


DEAL STATS #
Overall 11 of 21
Sector: Technology Hardware M&A 1 of 1
Type: Add-on Acquisition M&A Deals 8 of 15
Country: United Kingdom M&A 8 of 16
Year: 2011 M&A 2 of 2
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2011-04-14 Zipcar

Cambridge, Massachusetts, United States

Zipcar, Inc. is a car sharing nad car club service network. It operates membership-based businesses in major metropolitan areas and college campuses in the United States, Canada and the United Kingdom.

Sell -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2011-10-01 The Smart Cube

London, United Kingdom

The Smart Cube is a professional services firm that specializes in delivering customized, high-value Business and Investment Research as well as Marketing and Data Analytics Solutions to corporations and professional services firms worldwide. The Smart Cube was established in 2003 and is based in London, England.

Buy -