Inrix Inc., a traffic-information provider backed by venture investors, is moving toward an initial public offering that may value the enterprise at more than $1 billion, Chief Executive Officer Bryan Mistele said.
The company, based in Kirkland, Washington, might seek to raise $75 million to $100 million by offering 10 percent to 15 percent of Inrix shares through underwriters, Mistele said in an interview. Inrix is talking with banks, looking for a transaction “in the short term,” he said.
Satellite navigation system maker TomTom is considering delisting from the Amsterdam stock exchange, business magazine Management Team said.
VIDEOPROBKI started to interact with Central Administration of the Ministry of Emergency Situations in Kiev in increase of quantities of street video cameras for video surveillance around the city.
