Verra Mobility Corp. (NASDAQ:VRRM) is a technology company that provides smart mobility and transportation safety solutions to government agencies, commercial fleets, rental car companies and parking operators. Its platform is designed to help organizations manage vehicles, roadways, parking operations and transportation-related compliance.
Through its Government Solutions business, Verra Mobility provides automated traffic-enforcement systems and related services, including red-light, speed and school-zone enforcement, school-bus stop-arm safety programs, toll and violation processing, and other camera-based roadway safety technologies. The company typically supports the administration of citations and payments in addition to supplying the underlying technology.
Verra Mobility’s commercial offerings include fleet and driver-safety solutions, electronic toll management, title and registration services, and tools that help rental car and fleet operators manage violations and transportation expenses. Its parking business provides solutions for permitting, enforcement and parking operations. The company serves customers primarily in North America, with operations and customers in additional international markets, including Europe and Australia.
The company traces its roots to American Traffic Solutions, which adopted the Verra Mobility name in 2018. Verra Mobility is headquartered in Mesa, Arizona, and its shares trade on the Nasdaq under the symbol VRRM.
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