VRRM Verra Mobility Corporation

Verra Mobility helps governments build smarter, safer communities through innovative technology solutions

MESA, 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). 

This is the 10th year Government Technology magazine has declared the top 100 companies in GovTech and the 5th consecutive year Verra Mobility has been honored. This designation is given to companies showing growth and business leadership in the technology sector selling to local and state government agencies across the United States. The magazine states, "These companies are on the front line making governments work more efficiently. They are innovative, ahead of the curve, and making a difference in the way citizens interact with the government."

"Being named to the GovTech 100 for the fifth time reflects our unwavering dedication to developing innovative technologies that serve the evolving needs of our government partners," said Jon Baldwin, executive vice president of Government Solutions at Verra Mobility. "This recognition inspires us to continue expanding our solutions to address even more mobility challenges in 2025 and beyond."

Last year, Verra Mobility expanded its footprint into new markets including Florida and California, delivering some of the first speed, school zone, and school bus safety programs in the states. This trend is set to continue in 2025 as more governments understand the importance of utilizing technology to help solve road safety issues within their community.

"For the last decade, the GovTech 100 has been a cornerstone for curating companies focused on state and local government as their primary customer," said e.Republic President Dustin Haisler. "It has become a platform for validating the incredible innovation in this market – from early-stage startups to publicly traded enterprises. With the rise of exponential technologies and evolving behaviors, the market activity, in many ways, feels like it's just heating up."

For companies like Verra Mobility and its Government Solutions business, this trend presents an opportunity to partner with local governments in delivering innovative technologies, such as automated enforcement and school safety systems, that not only improve safety and efficiency but also align with broader sustainability and urban mobility goals.

To learn more about Verra Mobility, visit www.verramobility.com/government.

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

We describe initiatives that drive our business and future results in this press release. Such discussions contain forward-looking statements within the meaning of Section 21E of the Securities Exchange Act of 1934, as amended (the "Exchange Act"). Forward-looking statements are those that address activities, events, or developments that management intends, expects, projects, believes or anticipates will or may occur in the future. They are based on management's assumptions and assessments in light of past experience and trends, current economic and industry conditions, expected future developments and other relevant factors. They are not guarantees of future performance, and actual results, developments and business decisions may differ significantly from those envisaged by our forward-looking statements. We do not undertake to update or revise any of our forward-looking statements, except as required by applicable securities law. Our forward-looking statements are also subject to material risks and uncertainties that can affect our performance in both the near-and long-term. In addition, no assurance can be given that any plan, initiative, projection, goal, commitment, expectation, or prospect set forth in this press release can or will be achieved. These forward-looking statements should be considered in light of the information included in this press release, our Form 10-K and other filings with the Securities and Exchange Commission. Any forward-looking plans described herein are not final and may be modified or abandoned at any time.

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.

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SOURCE Verra Mobility