Homburger advised Robert Bosch Venture Capital, Deutsche Bahn Digital Ventures and LBBW Venture Capital in connection with Teralytics' acquisition of Streetlytics from Bentley Systems
On July 26, 2022, Teralytics, the global platform for human mobility analysis, announced the acquisition of the Streetlytics mobility data business from Bentley Systems (Nasdaq: BSY), the infrastructure engineering software company.
Streetlytics’ team of mobility data analytics experts, led by industry veteran Michael Clarke, will boost Teralytics’ capabilities and grow their presence in the North American market. Mr. Clarke, who was the former President and CEO of Citilabs, will join Teralytics in the newly appointed role of President, reporting directly to Teralytics’ CEO, David Reed. Bentley has partnered with Teralytics to leverage the company’s data services for Bentley’s mobility simulation solutions, which support transportation planners and engineers around the globe. As part of the transaction, Bentley is investing in Teralytics and joins its Board of Directors. Teralytics’ existing investors are also taking part in the round.
Teralytics is a Swiss software company that is building a platform to provide advanced mobility analytics powered by telecom network data. It uses proprietary artificial intelligence to extrapolate insights, anonymized and aggregated. This enables customers such as mobility providers, cities and transport services to understand, predict and improve people’s journeys.
Streetlytics delivers mobility analytics for audience measurement across the out-of-home advertising industry in the United States and Canada, as well as to experts in real estate, retail, transportation planning, traffic engineering and air quality analysis. Teralytics analyzes data from a diverse set of sources, applying powerful data science to create transformative insights into human mobility. The integration of the Teralytics and Streetlytics technical stacks will create a powerful scalable mobility analytics platform providing unmatched global data coverage and insights.
Homburger has advised Robert Bosch Venture Capital GmbH, Deutsche Bahn Digital Ventures GmbH and LBBW Venture Capital GmbH as shareholders of Teralytics on the transaction.
The Homburger team included partner David Oser, associate Timo Hasler, junior associate Alexander Cochardt and paralegal Maria Braun (all Corporate / M&A) as well as partner Reto Heuberger and associate Philippe Weber (both Tax).