Iteris, Inc. is a provider of traffic vision systems and sensors that are designed to enhance driver safety and optimize the flow of vehicular traffic. Iteris uses its object-recognition software and transportations engineering expertise to provide solutions for the Intelligent Transportation Systems (ITS) market.
Client Goals
Iteris was a private subsidiary of a publicly-held holding company. The parent company’s goal was to raise private growth capital for Iteris on a standalone basis.
Solution
Recapitalization
A combination of strategic and financial investors participated in the private placement. A subsequent private placement enabled Iteris to become a standalone public company. Other mandates included financial advisory and buy-side advisory.