Verra Mobility

Verra Mobility

Smart transportation solutions for road safety

About Verra Mobility

Simplify's Rating
Why Verra Mobility is rated
B-
Rated C on Competitive Edge
Rated B on Growth Potential
Rated B on Rating Differentiation

Industries

Data & Analytics

Automotive & Transportation

Company Size

1,001-5,000

Company Stage

IPO

Headquarters

Mesa, Arizona

Founded

1987

Overview

Verra Mobility focuses on smart transportation solutions that enhance road safety and improve driver behavior. The company develops customized technology solutions to tackle transportation challenges, such as school bus stop arm safety camera programs in New York, which monitor traffic laws to protect children. Verra Mobility serves various clients, including government agencies and rental car companies, by providing technology solutions, maintenance services, and data analytics to optimize transportation systems. Unlike its competitors, Verra Mobility emphasizes strong customer relationships and a diverse range of partnerships, which helps it deliver effective results. The company's goal is to make transportation safer, easier, and more connected across the globe.

Simplify Jobs

Simplify's Take

What believers are saying

  • Verra Mobility's revenue reached $879.2 million in 2024, showing strong financial performance.
  • The company is recognized in the Fortune 100 Fastest-Growing Companies list for two years.
  • Partnerships in New York enhance school bus safety, expanding Verra Mobility's market presence.

What critics are saying

  • Emerging startups in smart mobility could challenge Verra Mobility's market share.
  • Dependence on government contracts exposes Verra Mobility to political and budgetary risks.
  • Privacy concerns over traffic monitoring systems may lead to regulatory challenges.

What makes Verra Mobility unique

  • Verra Mobility leads in smart mobility with over 8.5 million vehicles managed.
  • The company operates 4,000+ safety cameras, enhancing road safety and driver behavior.
  • Verra Mobility's partnerships with governments and fleets drive customized transportation solutions.

Help us improve and share your feedback! Did you find this helpful?

Funding

Total Funding

$1000M

Above

Industry Average

Funded Over

1 Rounds

Post IPO Debt funding comparison data is currently unavailable. We're working to provide this information soon!
Post IPO Debt Funding Comparison
Coming Soon

Benefits

Remote Work Options

Flexible Work Hours

Company News

PR Newswire
Feb 27th, 2025
Verra Mobility Announces Fourth Quarter And Full Year 2024 Financial Results

Full year 2024 revenue of $879.2 million. Full year 2024 net income of $31.4 million. Full year 2024 net cash provided from operations of $223.6 million

PR Newswire
Feb 6th, 2025
New York'S Onondaga County And Verra Mobility Prioritize Student Safety With One Of The State'S Most Extensive School Bus Safety Programs

More than six school districts and 500 school buses will deploy advanced technology to reduce the risk of drivers illegally passing stopped school busesMESA, Ariz., Feb. 6, 2025 /PRNewswire/ -- Verra Mobility Corporation (NASDAQ: VRRM), a leading provider of smart mobility technology solutions, announced a partnership with Onondaga County, New York, to implement an advanced school bus stop arm safety program to protect students and reduce dangerous traffic violations around school buses.The program will start by equipping more than 500 school buses with cutting-edge stop arm safety camera technology to better protect children on their daily commute to and from school. The stop arm camera safety system will automatically document and report vehicles that illegally pass stopped school buses, capturing critical evidence that can be used by law enforcement to uphold the law."Too often, drivers disregard laws that are intended to protect children while they are boarding and exiting school buses," stated New York State Assemblyman William Magnarelli. "A recent study by the New York Association for Pupil Transportation determined that motorists pass stopped school buses more than five passes on average per day per bus. These cameras will serve as a deterrent to drivers from passing stopped school buses and ultimately save students' lives."As one of the most extensive school bus stop arm programs in New York, the program will commence with six school districts, which include more than 20,000 students and more than 40 schools. The program is expected to roll out in phases with the launch to include:Baldwinsville School DistrictSchool District East Syracuse Minoa School DistrictFabius-Pompey School DistrictJamesville-Dewitt School DistrictLiverpool School DistrictSchool District North Syracuse School District"Onondaga County is pleased to announce our partnership with Verra Mobility on a stop-arm camera project aimed at ensuring safe travel to and from school," said Onondaga County Executive J

PR Newswire
Jan 22nd, 2025
Verra Mobility Recognized As A Govtech 100 Company For Fifth Consecutive Year

Verra Mobility helps governments build smarter, safer communities through innovative technology solutionsMESA, Ariz., Jan. 22, 2025 /PRNewswire/ -- Verra Mobility Corporation (NASDAQ: VRRM), a leading provider of smart mobility technology solutions, announced today it has been recognized as a GovTech 100 Company for 2025 (full list here)

MarketBeat
Dec 9th, 2024
Weiss Asset Management LP Invests $1.36 Million in Verra Mobility Co. (NASDAQ:VRRM)

Weiss Asset Management LP invests $1.36 million in Verra Mobility Co. (NASDAQ:VRRM).

MarketBeat
Nov 30th, 2024
CreativeOne Wealth LLC Makes New $910,000 Investment in Verra Mobility Co. (NASDAQ:VRRM)

CreativeOne Wealth LLC makes new $910,000 investment in Verra Mobility Co. (NASDAQ:VRRM).

Recently Posted Jobs

Sign up to get curated job recommendations

Verra Mobility is Hiring for 22 Jobs on Simplify!

Find jobs on Simplify and start your career today

💡
We update Verra Mobility's jobs every few hours, so check again soon! Browse all jobs →