US-based traffic management solution provider Iteris has signed an agreement to acquire all of the outstanding stock of Berkeley Transportation Systems (BTS) for an undisclosed sum.

BTS collects real-time data such as delays and travel times to measure the effectiveness of transportation systems.

The company’s Performance Measurement System provides users with a set of reporting tools which allow for visualisation and animation.

Karl Petty, BTS president and CEO, said: "We see tremendous opportunities in combining forces with Iteris to deliver performance measurement solutions to their large customer base. This includes expanding the capabilities of our products with Iteris’ iPerform software to take performance measurement to new heights."

The deal, subject to certain conditions, is expected to close within the week.