M&A Deal Summary

Iteris Acquires ThruGreen - Technology assets

On November 12, 2025, Iteris acquired software company ThruGreen - Technology assets from ThruGreen

Acquisition Highlights
  • This is Iteris’ 1st transaction in the Software sector.
  • This is Iteris’ 3rd transaction in the United States.
  • This is Iteris’ 1st transaction in Virginia.

M&A Deal Summary

Date 2025-11-12
Target ThruGreen - Technology assets
Sector Software
Buyer(s) Iteris
Sellers(s) ThruGreen
Deal Type Divestiture

Target

ThruGreen - Technology assets

Falls Church, Virginia, United States
ThruGreen's Technology assets provide comprehensive traffic data integration solutions and are based in Falls Church, Virginia.

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Buyer(S) 1

Buyer

Iteris

Austin, Texas, United States

Category Company
Founded 1969
Sector Technology Hardware
Revenue 172M USD (2024)
DESCRIPTION

Iteris is a provider in the traffic management market delivering total solutions for public and private sector clients in key markets worldwide. The company develops and applies advanced technologies to reduce traffic congestion and improve the safety of its surface transportation system. Iteris was founded in 1987 and is based in Austin, Texas.


DEAL STATS #
Overall 3 of 3
Sector: Software M&A 1 of 1
Type: Divestiture M&A Deals 1 of 1
State: Virginia M&A 1 of 1
Country: United States M&A 3 of 3
Year: 2025 M&A 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2020-12-07 TrafficCast International

Middleton, Wisconsin, United States

TrafficCast International, Inc. provides travel information technology, applications, and content to media, mobile technology, automotive, and public sector customers throughout North America. TrafficCast International is based in Middleton, Wisconsin.

Buy $16M

Seller(S) 1

SELLER

ThruGreen

Falls Church, Virginia, United States

Category Company
Sector Software
DESCRIPTION

ThruGreen offers a software and hardware platform that connects, monitors, manages and integrates traffic signal and vehicle-data systems to help intersections operate more efficiently and safely. ThruGreen is based in Falls Church, Virginia.


DEAL STATS #
Overall 1 of 1
Sector: Software M&A 1 of 1
Type: Divestiture M&A Deals 1 of 1
State: Virginia M&A 1 of 1
Country: United States M&A 1 of 1
Year: 2025 M&A 1 of 1