Traffic data pioneer Inrix to be acquired by Allstate's Arity

Bellevue-based Inrix, which spun out of Microsoft in 2004, has agreed to sell substantially all of its assets to Arity, the mobility data subsidiary of insurance giant Allstate. Terms were not disclosed and the deal is expected to close later this year. Inrix had raised more than $288 million over its 22-year run.

• Inrix is selling substantially all assets to Allstate's Arity
• Terms undisclosed; deal expected to close later this year
• Inrix raised over $288M across 22 years as a standalone company
• Arity has amassed more than 3 trillion miles of driving data