-- PTV Group Selects INRIX XD ® Traffic for Its Global Traffic Management Software
DETROIT, Sept. 8, 2014 /PRNewswire/ -- ITS World Congress – INRIX®, Inc., a leading international provider of real-time traffic information, transportation analytics and connected driver services, and PTV Group, a leading global software provider for transport and logistics, today announced a strategic partnership to collaborate on smart city solutions that will use big data and demand-based modelling software to solve urban mobility problems worldwide. As part of a multi-year global agreement, PTV Group is integrating INRIX XD® Traffic into PTV Optima, its state-of-the-art tool for traffic prediction.
"We are delighted to be partnering with PTV Group, one of the world's leading traffic management software providers," said Rafay Khan, SVP Sales & Product, INRIX. "Not only are we integrating our real-time data with PTV Group's cutting-edge analytics tool and greatly enhancing its coverage, we have also embarked on joint commercial activity to drive traffic management solutions worldwide. With urbanization on the rise, traffic management is a critical component of any city, and this partnership makes us best placed to combat urban mobility problems and play a leading role in the development of smarter cities."
The movement of vehicles for the efficient flow of commuters, goods and services is central to the economic competitiveness of a smart city. With real-time information on traffic speeds and travel times for more than four million miles of roads in 40 countries, INRIX XD Traffic delivers unparalleled insight into what's happening on our roads at any given time. It significantly improves accuracy and offers detailed traffic information for every 250 meters on every major road type and class, resulting in the best insight for transportation agencies and urban planners for improving a city's road network performance.
"PTV Group selected INRIX as a strategic partner on account of its superior traffic data from a wide variety of sources, its growing international presence, the fact that it can innovate quickly and because it has strong commercial partnerships in a number of vertical markets," said Miller Crockart, Vice President Global Sales & Marketing Traffic Software, PTV Group. "We are looking forward to developing commercial opportunities together with INRIX and we are on track to announce our first joint customer, which will use a combination of INRIX XD Traffic and PTV Optima, by the end of this year."
PTV Optima is the key for successful traffic management. To produce a coherent and detailed picture of traffic, PTV Optima collects, compares, validates and combines data from a number of sources. Through a combination of real-time data, complex algorithms and offline traffic modelling, PTV Optima provides transport authorities with traffic information for the entire road network and produces reliable traffic forecasts for the next 60 minutes, including forecasts for any minor roads where there is no initial data. This functionality supports transport authorities in their decision making process by simulating in real-time the effects of traffic management measures, helping them to determine the best strategy to implement.
INRIX is one of the fastest growing big data technology companies in the world. The company leverages big data analytics to reduce the individual, economic and environmental toll of traffic congestion. Through cutting-edge data intelligence and predictive traffic technologies, INRIX helps leading automakers, fleets, governments and news organizations make it easier for drivers to navigate their world. Our vision is simple – to solve traffic, empower drivers, inform planning and enhance commerce.
Whether through an in-car or smartphone navigation application, a local newscast or our INRIX Traffic app, our up-to-the-minute traffic information and other driver services reach more than 150 million drivers to help them save time, fuel and frustration. INRIX delivers traffic and driving-related insight, as well as sophisticated analytical tools and services across six industries covering more than four million miles of road in 40 countries. For more information visit us at www.INRIX.com.
About PTV Group
The PTV Group provides software and consulting for traffic, transport logistics and geomarketing. Be it transport routes or sales structures, private or public transport – we plan and optimise everything which moves people and goods worldwide.
Our range of products and services includes Software & Services, Components, Data & Content and Consulting & Research. Customers in more than 100 countries rely on our solutions. Our software tools enable private and public sector organisations to perform their everyday tasks in a highly efficient manner. And right at the forefront: our market-leading product lines PTV Map&Guide for transport route planning, PTV Smartour for trip planning, the software components PTV xServer as well as PTV Visum for traffic & transport planning and PTV Vissim for traffic simulation.
Scientific expertise is one of our particular strengths. We run projects in a goal-based and practice-oriented manner. Currently, we have over 600 employees worldwide crafting powerful and innovative solutions. Our head office, which is located in the technology region of Karlsruhe, Germany, has been the centre of development and innovation since the formation of our company in 1979.
PTV Planung Transport Verkehr AG is a member of the PTV Group. www.ptvgroup.com.
SOURCE INRIX, Inc.