StreetLight Data, Inc. has been acquired by Jacobs.
The addition of StreetLight accelerates Jacobs' strategy in growing its end-to-end digital solutions portfolio and focus on ESG, while adding high growth, highly recurring revenue software businesses that offer value for its clients and the communities it serves.
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 them available via its online Software-as-a-Service solution StreetLight InSight®.
Designed for smart cities and the transportation industry, the on-demand software provides industry-targeted analytic tools to support critical infrastructure planning, investment and policy decisions.
"The past two years have accelerated structural changes to human mobility, infrastructure and supply chain planning, resulting in increased investments from governments and enterprises around the world. We're also experiencing a critical need for data-driven planning to meet carbon emissions goals, address energy transformation and advance social equity through infrastructure investment," said Jacobs Chair 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 solidifies our leadership in this fast-growing area."
StreetLight's suite of analytics enables all major transportation verticals to make more informed investment decisions while measuring critical impacts. Delivering more than a modern alternative to traditional measurement methods with months of lead time and limited scope, the company's technology has enabled the industry to solve complex problems, such as planning EV networks ahead of future demand, recommending optimal traffic pattern improvements and helping to ensure equitable transportation access.
"We chose Jacobs because they genuinely share our mission and recognize the importance of StreetLight's digital innovation in adapting their own core practices to the needs of an industry undergoing transformation," said StreetLight CEO Laura Schewel. "They have the global scale to rapidly accelerate client decision making at a pivotal time for infrastructure investment and its impact on climate and society."
StreetLight has a track record of supporting transportation agencies at federal, state, regional and city levels, transportation engineering and consulting firms, and private companies spanning the new mobility, automotive, IoT and utility sectors. The company's metrics have informed transportation analyses across every state and province in North America.
Demetriou continued, "We consistently 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 in our commitment to create a more connected, sustainable world."
