PTV Group joins the Overture Maps Foundation to help build a new collaborative standard for open map data
Karlsruhe 17 May 2023. PTV Group, the global market leader for mobility modeling and simulation software, has joined the Overture Maps Foundation. The mission of the nonprofit organization, which was founded by TomTom, Microsoft, Amazon Web Services, and Meta in December 2022, is to create a new standard for open map data. PTV will support the collaboration with its expertise in multimodal modeling and simulation, as well as map development and mobility data.
In an increasingly digital and automated world, high-accuracy and high-fidelity geospatial data is critical in understanding the physical environment and in building innovative technologies and map solutions. This especially applies to the mobility sector, where reliable data is the base to analyze, plan and manage transportation networks. Overture aims to create a comprehensive, accurate, and extensible real-world map data set that is available for developers under an open data license and can be extended through commercial additions. Members will therefore combine their resources, data, and technology. With more than 40 years of experience in multimodal and multiresolution network modelling and simulation for transportation planning and engineering, PTV will contribute its experience in the data modeling of map data and the development of smart technologies. The software provider will also join the Schema Working Group to advise on the data schema for comprehensive, accurate, and extensible real-world map data.
“I’m delighted that PTV Group, as part of Umovity, has been welcomed as member of Overture. As in music, where the overture marks the opening of a symphony, I am convinced that something great – new standard for map data – will emerge from the interplay of the Overture partners,” said Christian U. Haas, CEO of PTV Group. “Reliable data is the foundation of our daily work. Overture’s open map data will accelerate and simplify the building of relevant transportation models and simulations and thus drive transportation investment and policy decisions for a greener and smarter future.”
PTV. Empowering Mobility as part of Umovity.
PTV Group is a leading global software company for traffic planning, simulation, and real-time management. With more than 40 years of experience in the fields of mobility, the Germany-based company provides software products based on proprietary algorithms ranging from microscopic and macroscopic modeling and simulation of traffic to real-time traffic management, benefiting more than 2,500 cities and municipalities. Bridgepoint acquired a majority stake in the company in January 2022 in order to further accelerate its growth together with shareholder Porsche Automobil Holding SE. Since 2023 PTV Group and Econolite are united under the brand Umovity.
Umovity (PTV Group & Econolite). Mobility for Humanity.
Umovity is a global market leader for end-to-end traffic management and transportation technology that takes a holistic approach to provide safer, smarter, and more sustainable Mobility for Humanity. Uniting the best-in-class solutions for intelligent traffic management systems, cloud-based adaptive traffic control, real-time traffic management software, controllers, cabinets, and sensor products by Econolite, and simulation and predictive modelling software by PTV, Umovity enables innovators and decision makers in politics, municipalities, and industry to shape smart and livable communities, multimodal mobility, as well as Connected and Autonomous Vehicles (CAV). For more information, visit www.umovity.com .