MESA,
Ariz., Oct. 18, 2023 /PRNewswire/ -- Verra
Mobility Corporation (NASDAQ: VRRM), a leading provider of
smart mobility technology solutions, celebrates its five-year
anniversary as a publicly traded company.
"This is a significant milestone in our incredible journey to
become a leader in smart mobility solutions," said David Roberts, president and CEO, Verra Mobility. "Our core values, shared purpose
and the Verra Mobility operating system have all been instrumental
in driving continued growth and profitability."
Verra Mobility went public in October
2018, and the Company has since grown into new markets and
expanded geographically.
Verra Mobility strengthened its portfolio of automated safety
enforcement solutions for cities and government customers with the
acquisition of Redflex in 2021. It also expanded the Company's
offerings into Europe and
Australia. In December 2021, the Company entered the parking
solutions market with the acquisition of T2 Systems, a leading
provider of parking hardware, software and services for
universities, municipalities and parking operators.
Today, Verra Mobility's approximately 1,600 employees serve more
than 2,400 customers in 11 countries, helping to improve fleet
operations and enhance urban mobility. The Company has deployed
more than 10,000 automated camera-based systems for red-light,
speed management and school-bus stop arm enforcement programs,
helping to improve safety and promote healthier communities.
Verra Mobility also provides tolling and violations management
solutions and title and registration services for fleets with
nearly 6 million vehicles managed by the Company's offerings.
The Company's Parking Solutions business segment's SaaS and
hardware offerings provide thousands of universities,
municipalities and parking operators with customer relationship
management, parking permit management, enforcements and collections
and analytics and reporting.
"We recognize and appreciate each of our employees around the
world for their commitment and their passion," said Mr. Roberts.
"We are grateful to all of our customers and partners and look
forward to continuing to serve them at their highest point of
need."
About Verra Mobility
Verra Mobility Corporation (NASDAQ: VRRM) is a leading provider
of smart mobility technology solutions that make transportation
safer, smarter and more connected. The company sits at the center
of the mobility ecosystem, bringing together vehicles, hardware,
software, data and people to enable safe, efficient solutions for
customers globally. Verra Mobility's transportation safety systems
and parking management solutions protect lives, improve urban and
motorway mobility and support healthier communities. The company
also solves complex payment, utilization and compliance challenges
for fleet owners and rental car companies. Headquartered in
Arizona, Verra Mobility operates
in North America, Europe, Asia
and Australia. For more
information, please visit www.verramobility.com.
Forward Looking Statements
This press release contains "forward-looking statements" within
the meaning of the Private Securities Litigation Reform Act of
1995. Such statements include, but are not limited to, statements
about Verra Mobility's plans, objectives, expectations, beliefs and
intentions and other statements including words such as "hope,"
"anticipate," "may," "believe," "expect," "intend," "will,"
"should," "plan," "estimate," "predict," "continue" and "potential"
or the negative of these terms or other comparable terminology. The
forward-looking statements herein represent the judgment of the
Verra Mobility, as of the date of this release, and Verra Mobility
disclaims any intent or obligation to update forward-looking
statements. Forward-looking statements involve risks and
uncertainties that could cause actual results to differ materially
from those currently anticipated. This press release should be read
in conjunction with the information included in Verra Mobility's
other press releases, reports and other filings with the SEC and on
the SEC website, www.sec.gov. Understanding the information
contained in these filings is important in order to fully
understand Verra Mobility's reported financial results and our
business outlook for future periods. Actual results may differ
materially from the results anticipated in the forward-looking
statements and the assumptions and estimates used as a basis for
the forward-looking statements.
Additional Information
We periodically provide information for investors on our
corporate website, www.verramobility.com, and our investor
relations website, ir.verramobility.com.
We intend to use our website as a means of disclosing material
non-public information and for complying with disclosure
obligations under Regulation FD. Accordingly, investors should
monitor our website, in addition to following the Company's press
releases, SEC filings and public conference calls and webcasts.
Media
Relations:
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Investor
Relations:
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Eric Krantz
|
Mark Zindler
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eric.krantz@verramobility.com
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mark.zindler@verramobility.com
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SOURCE Verra Mobility