Transport ripe for investment
Raymond James Managing Director Gary Downing
Leading investors spelt out the attractiveness of the ITS space for investment yesterday as they met with the technology specialists at the start of ITS America’s 22nd Annual Meeting. This was the continuation of an initiative launched by ITSA at the 2011 ITS World Congress in Orlando, creating a forum for financial firms to meet with the ITS companies developing products and services ripe for investment.
At a packed out meeting were principal directors of investors Fontinalis Partners, Guggenheim and Raymond James.
“We’ve all heard a lot about Facebook’s flotation this week, but looking forwards, social media is passe. The future is in transportation and energy; areas with tangible benefits,” said Raymond James Managing Director Gary Downing. “Investors are shifting the attention of their dollars to ITS because it is positive for cities, for voters and the environment. ITS presents clear benefits which drive investment. Third party evidence shows returns are attractive and ITS is a $50Bn industry with signs of greater stability of funding from the federal government from 2013.”
ITS America President & CEO Scott Belcher added: “Matching investors to ITS companies is a growing area for us. We will be facilitating further follow up meetings with investment firms in coming months, matching them up with technology suppliers. We want ITS America to be the place where these companies come together.”