StreetLight’s on-demand analytics transform transportation and infrastructure solutions, enabling smarter, more impactful investments
DALLAS, February 7, 2022 /PRNewswire/ — Jacobs (NYSE: J) today announced the acquisition Street Lighting Data, Inc. (“StreetLight”), a mobility analytics pioneer that uses its vast data and machine learning resources to shed light on mobility, empowering users to solve complex transportation problems. The addition of StreetLight accelerates Jacobs’ strategy by growing its end-to-end digital solutions portfolio and focusing on ESG, while adding high-growth, highly recurring revenue software businesses that deliver significant value to its customers and the communities they serve.
StreetLight applies proprietary processing technology to location data from millions of mobile devices, connected vehicles, IoT sensors and geospatial databases to measure multimodal travel patterns – and makes it available through its SaaS (Software as a Service) online StreetLight InSight®. Designed for smart cities and the transportation industry, the on-demand software provides industry-targeted analysis tools to support critical infrastructure planning, investment, and policy decisions.
“The past two years have accelerated structural changes in human mobility, infrastructure and supply chain planning, which have resulted in increased investment from governments and businesses around the world. We also see a need critical of data-driven planning to meet carbon emissions targets, address energy transformation and advance social equity through infrastructure investments,” said Jacobs President and CEO Steve Demetriou. “There is a global need for solutions that help us better understand the movement of people, goods and services while addressing broader societal challenges, and our acquisition of StreetLight reinforces our leadership in this rapidly growing field.
StreetLight’s suite of powerful analytics enables all major transportation verticals to make much more informed investment decisions while measuring critical impacts. Offering more than a modern alternative to traditional measurement methods with months of lead time and limited scope, the company’s technology has enabled industry to solve complex problems, such as planning electric vehicle networks in forecasting future demand, recommending optimal traffic pattern improvements and helping to ensure equitable access to transportation.
“We chose Jacobs because they truly share our mission and recognize the importance of StreetLight’s digital innovation in adapting their own core practices to the needs of a changing industry,” said StreetLight’s CEO. Laura Schewell. “They have the global scale to rapidly accelerate customer decision-making at a pivotal time for infrastructure investment and its impact on climate and society.”
StreetLight has a long history of supporting transportation agencies at the federal, state, regional and municipal levels, transportation engineering and consulting firms, and private enterprises spanning the new mobility, automotive, transport and transport sectors. ‘IoT and utilities. The company’s metrics informed transportation analyzes in all states and provinces of the North America.
Demetriou continued, “We constantly seek to add value for our shareholders, create transformative solutions for our clients and make a positive difference within our communities. Like Jacobs, StreetLight is purpose-driven and shares our commitment to creating a more connected and sustainable society. world.”
One of the growth accelerators of Jacobs’ new strategy is centered about data solutions aligned with high growth markets with increasing margin profiles. Building on its strong foundation of existing data technologies and capabilities, the company also recently acquired BlackLynx, a provider of cutting-edge edge computing, hybrid cloud and collection automation technologies. industry serving the intelligence, defense and critical infrastructure sectors. Jacobs’ portfolio of data and technology investments will be leveraged in tandem to create expanded market penetration, growth opportunities and solutions for its customers.
For more information on the StreetLight acquisition, visit the Investor Relations page on Jacobs.com.
Centerview Partners served as exclusive financial advisor to Jacobs, and Fried, Frank, Harris, Shriver & Johnson LLP served as legal advisor to Jacobs. Raymond James served as exclusive financial advisor to StreetLight Data and DLA Piper served as legal advisor to StreetLight Data.
At Jacobs, we strive today to reinvent tomorrow by solving the world’s most critical problems for thriving cities, resilient environments, critical outcomes, operational advancements, scientific discovery and advanced manufacturing, transforming ideas abstracts into world-transforming realities. for real. With $14 billion in revenue and a talent force of approximately 55,000 people, Jacobs provides a full range of professional services, including consulting, technical, scientific and project delivery services for the public and private sector. Visit jacobs.com and connect with Jacobs on Facebook, instagram, LinkedIn and Twitter.
StreetLight is a pioneer in using big data analytics to help transportation professionals solve their biggest problems. By applying proprietary machine learning algorithms to more than four trillion spatial data points over time, StreetLight measures various travel patterns and makes them available on demand through its mobility SaaS platform, StreetLight InSight.®. Whether identifying sources of congestion, optimizing new infrastructure, planning self-driving vehicles, or improving the location of outdoor advertising and commercial facilities, StreetLight powers more than 10,000 global projects each month. Visit streetlightdata.com for more information.
Certain statements contained in this press release constitute forward-looking statements as defined in Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended, and such statements are intended to be covered by the safe harbor provided by the same. Statements made in this release that are not based on historical fact are forward-looking statements. Examples of forward-looking statements include, but are not limited to, statements regarding our expectations regarding the future growth of StreetLight Data and the expected benefits of the acquisition. We base these forward-looking statements on management’s current estimates and expectations as well as competitive, financial and economic data currently available. Forward-looking statements, however, are inherently uncertain. There are a variety of factors that could cause actual business results to differ materially from our forward-looking statements, including, but not limited to, our ability to execute our technology-driven strategy, competition from existing and future competitors in the markets in which StreetLight Data operates, the level and timing of federal and state transportation funding, uncertainty over data protection and data privacy regulations, Jacob’s ability to achieve the cost savings and synergies contemplated by the proposed transaction on schedule and to successfully integrate the business while retaining key personnel, as well as general economic conditions and the impact of the COVID-19 pandemic, including the emergence and spread of variants of COVID-19, and the related reaction of governments to global market conditions and regional and corporate affairs. For a description of certain additional factors that may arise that could cause actual results to differ from our forward-looking statements, see the discussions contained in Section 1 – Business; Item 1A – Risk Factors; Item 3 – Legal Proceedings; and Item 7 – Management’s Discussion and Analysis of Financial Condition and Results of Operations in our most recently filed Annual Report on Form 10-K, as well as in the company’s other filings with the Securities and Exchange Commission. The company is under no obligation to update any forward-looking statements after the date of this press release to conform to actual results, except as required by applicable law.
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