IRD

IRD, a wholly-owned subsidiary of Quarterhill, is a multi- discipline, technology company and a leading provider of Intelligent Transportation Systems (ITS). It has the expertise to integrate ITS technologies into systems designed to solve unique and challenging transportation problems.

Today, IRD manages traffic flow on more than 16,000 roads through its proprietary systems. The data generated and collected by IRD’s technology is a valuable source of analytics for the global transportation industry.

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ETC

ETC provides end-to-end mobility systems to some of the largest tolling authorities in the U.S., including in Texas, California and Illinois. ETC’s core products comprise the riteSuiteTM platform, a highly scalable and customizable cloud-based tolling and mobility solution. The platform has applications for the roadside and back office, with strengths in vehicle identification, tracking, dynamic pricing and interoperability amongst agencies.

ETC’s platform processes more than two billion transactions annually representing more than US$3.0 billion in toll billings across more than 1,500 toll lanes, all of which are in the U.S.

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Acquisition Criteria

Quarterhill is a growth-oriented company in the Intelligent Transportation System (ITS) industry, pursuing an acquisition strategy that capitalizes on attractive trends in both ITS and its adjacent markets. We focus on acquiring good businesses and good teams with a demonstrated ability to sustainably and profitably grow. These businesses represent the vision and leadership of founders and strong management teams. Once acquired, we retain those teams and help to empower them to continue to grow and manage those businesses. We will seek organic growth in our existing businesses and once acquired, we’ll also look at tuck-in acquisitions that can be part of those same businesses providing incremental revenue and professional growth opportunities.