Iteris, Inc. (NYSE MKT:ITI), a leader in providing intelligent traffic management solutions, announced that Tom Blair, an experienced software industry leader has joined the company and has assumed the new position of senior vice president of Iteris’s recently established iPerform™ group.
Iteris established the iPerform group in 2011 to focus on the development and deployment of software-based performance measurement and information management solutions. The group was expanded with the acquisition of Berkeley Transportation Systems in October 2011, and has since made several key management appointments.
“Tom is a seasoned software executive with a wealth of experience in building and growing software products and organizations,” said Abbas Mohaddes, president and CEO of Iteris, Inc. “His appointment reflects our commitment to introduce the most capable and effective software-based information solutions to the intelligent traffic management market. With our first product launch quickly approaching, we believe we have now assembled the critical elements of the team required to enter this fast-growing market with the delivery of our new IterisPeMS software product.”
IterisPeMS™ is a state-of-the-art information management solution that utilizes all available data resources to provide effective performance analysis and prediction. It can ‘fuse’ information from a wide spectrum of sources, including roadway sensors as well as weather and other traffic related data. IterisPeMS provides this valuable information for not only freeways, but also for arterials and multi-modal forms of transportation. Its powerful information engine combines sensitivity analysis and performance measurement capabilities that continuously evaluate and quantify network performance. The product is expected to launch before the end of the current calendar quarter.Prior to joining Iteris, Blair’s previous positions included serving as general manager for Trimble Navigation Ltd. (a NASDAQ-traded company), vice president for new business development at @Road, Inc., and director of business and corporate development at iAnywhere Solutions, a Sybase company. “I am confident that Tom’s broad experience in developing and delivering software-based solutions will be a tremendous asset for Iteris as we pursue the new opportunities available to Iteris in the Intelligent Transportation Systems area,” concluded Mohaddes.
Select the service that is right for you!COMPARE ALL SERVICES
- $2.5+ million portfolio
- Large-cap and dividend focus
- Intraday trade alerts from Cramer
- Weekly roundups
Access the tool that DOMINATES the Russell 2000 and the S&P 500.
- Buy, hold, or sell recommendations for over 4,300 stocks
- Unlimited research reports on your favorite stocks
- A custom stock screener
- Upgrade/downgrade alerts
- Diversified model portfolio of dividend stocks
- Alerts when market news affect the portfolio
- Bi-weekly updates with exact steps to take - BUY, HOLD, SELL
- Real Money + Doug Kass + 15 more Wall Street Pros
- Intraday commentary & news
- Ultra-actionable trading ideas
- 100+ monthly options trading ideas
- Actionable options commentary & news
- Real-time trading community
- Options TV