Monday, December 27, 2010

Iteris Buys Meridian Environmental Technology

Santa Ana-based Iteris, a developer of traffic management software and technology, said today that it is acquiring Meridian Environmental Technology, a developer of traveler information systems and highway maintenance software. Iteris said it paid $4M in cash, plus up to $2M in earn out, for Meridian. Meridian is based in Grand Forks, North Dakota.

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