DALLAS, Feb. 7, 2022 /PRNewswire/ -- Jacobs (NYSE:J)
announced today it has acquired StreetLight Data, Inc.
("StreetLight"), a pioneer of mobility analytics who uses its vast
data and machine learning resources to shed light on mobility,
enabling users to solve complex transportation problems. The
addition of StreetLight accelerates Jacobs' strategy in
growing its end-to-end digital solutions portfolio and focus on
ESG, while adding high growth, highly recurring revenue software
businesses that offer tremendous value for its clients and the
communities they serve.
![Jacobs Logo (PRNewsfoto/Jacobs) Jacobs Logo (PRNewsfoto/Jacobs)](https://mma.prnewswire.com/media/656171/Jacobs_Logo.jpg)
StreetLight applies proprietary processing technology to
location data from millions of mobile devices, connected vehicles,
IoT sensors and geospatial databases to measure multimodal travel
patterns – and makes them available via its online SaaS (Software
as a Service) solution StreetLight InSight®. Designed
for smart cities and the transportation industry, the on-demand
software provides industry-targeted analytic tools to support
critical infrastructure planning, investment and policy
decisions.
"The past two years have accelerated structural changes to human
mobility, infrastructure and supply chain planning, resulting in
increased investments from governments and enterprises around the
world. We're also experiencing a critical need for data-driven
planning to meet carbon emissions goals, address energy
transformation and advance social equity through infrastructure
investment," said Jacobs Chair and CEO Steve Demetriou. "There is a global need for
solutions that help us better understand the movement of people,
goods and services while addressing broader societal challenges,
and our acquisition of StreetLight solidifies our leadership in
this fast-growing area."
StreetLight's suite of powerful analytics enables all major
transportation verticals to make vastly more informed investment
decisions while measuring critical impacts. Delivering more than a
modern alternative to traditional measurement methods with months
of lead time and limited scope, the company's technology has
enabled the industry to solve complex problems, such as planning EV
networks ahead of future demand, recommending optimal traffic
pattern improvements and helping to ensure equitable transportation
access.
"We chose Jacobs because they genuinely share our mission and
recognize the importance of StreetLight's digital innovation in
adapting their own core practices to the needs of an industry
undergoing transformation," said StreetLight CEO Laura Schewel. "They have the global scale to
rapidly accelerate client decision making at a pivotal time for
infrastructure investment and its impact on climate and
society."
StreetLight has a long track record of supporting transportation
agencies at federal, state, regional and city levels,
transportation engineering and consulting firms, and private
companies spanning the new mobility, automotive, IoT and utility
sectors. The company's metrics have informed transportation
analyses across every state and province in North America.
Demetriou continued, "We consistently seek to add value for our
shareholders, create transformative solutions for our clients, and
make a positive difference within our communities. Like Jacobs,
StreetLight is purpose-driven and shares in our commitment to
create a more connected, sustainable world."
One of the growth accelerators in Jacobs' new strategy is
centered on data solutions
aligned to high growth markets with increasing margin profiles.
Building on its strong foundation of existing technology and data
capabilities, the company also recently acquired BlackLynx, an
industry-leading edge computing, hybrid-cloud and collection
automation technology provider serving the intelligence, defense
and critical infrastructure sectors. Jacobs' portfolio of data and
technology investments will be leveraged in tandem to create
expanded market penetration, growth opportunities and solutions for
its clients.
For more information on the StreetLight acquisition, visit the
Investor Relations page on Jacobs.com.
Advisors
Centerview Partners served as exclusive financial advisor to
Jacobs, and Fried, Frank, Harris, Shriver & Johnson LLP served
as legal counsel to Jacobs. Raymond
James served as exclusive financial advisor to StreetLight
Data and DLA Piper served as legal counsel to StreetLight Data.
About Jacobs
At Jacobs, we're challenging today to reinvent tomorrow by
solving the world's most critical problems for thriving cities,
resilient environments, mission-critical outcomes, operational
advancement, scientific discovery and cutting-edge manufacturing,
turning abstract ideas into realities that transform the world for
good. With $14 billion in revenue and
a talent force of approximately 55,000, Jacobs provides a full
spectrum of professional services including consulting, technical,
scientific and project delivery for the government and private
sector. Visit jacobs.com and connect with Jacobs on
Facebook, Instagram, LinkedIn and Twitter.
About StreetLight
StreetLight is a pioneer in the use of Big Data analytics to
help transportation professionals solve their biggest problems.
Applying proprietary machine-learning algorithms to over four
trillion spatial data points over time, StreetLight measures
diverse travel patterns and makes them available on-demand via its
SaaS platform for mobility, StreetLight InSight®. From
identifying sources of congestion to optimizing new infrastructure
to planning for autonomous vehicles to enhancing the location of
outdoor advertising and business facilities, StreetLight powers
more than 10,000 global projects every month. Visit
streetlightdata.com for more information.
Forward-Looking Statements
Certain statements contained in this press release constitute
forward-looking statements as such term is defined in Section 27A
of the Securities Act of 1933, as amended, and Section 21E of the
Securities Exchange Act of 1934, as amended, and such statements
are intended to be covered by the safe harbor provided by the same.
Statements made in this release that are not based on historical
fact are forward-looking statements. Examples of forward-looking
statements include, but are not limited to, statements regarding
our expectations as to the future growth of StreetLight Data, and
the expected benefits of the acquisition. We base these
forward-looking statements on management's current estimates and
expectations as well as currently available competitive, financial
and economic data. Forward-looking statements, however, are
inherently uncertain. There are a variety of factors that could
cause business results to differ materially from our
forward-looking statements, including, but not limited to, our
ability to execute our tech-focused strategy, competition from
existing and future competitors in the markets in which StreetLight
Data operates, the level and timing of federal and state
transportation funding, uncertainty in respect of the regulation of
data protection and data privacy, Jacob's ability to achieve the
cost-savings and synergies contemplated by the proposed transaction
within the expected time frame and to successfully integrate the
business while retaining key personnel, as well as general economic
conditions and the impact of the COVID-19 pandemic, including the
emergence and spread of variants of COVID-19, and the related
reaction of governments on global and regional market conditions
and the company's business. For a description of some additional
factors that may occur that could cause actual results to differ
from our forward-looking statements, see the discussions contained
under Item 1 - Business; Item 1A - Risk Factors; Item 3 - Legal
Proceedings; and Item 7 - Management's Discussion and Analysis of
Financial Condition and Results of Operations in our most recently
filed Annual Report on Form 10-K, as well as the company's other
filings with the Securities and Exchange Commission. The company is
not under any duty to update any of the forward-looking statements
after the date of this press release to conform to actual results,
except as required by applicable law.
For press/media inquiries:
Kerrie Sparks
214.583.8433
For investors:
Jonathan Doros
817.239.3457
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SOURCE Jacobs