What Thetis IT does

Thetis IT Srl is a privately held Italian intelligent transport systems (ITS) engineering and system integration company founded in 1998 and headquartered in the VEGA Science and Technology Park in Venice, with a regional office in London. The company develops and commercializes the Thetis Platform, a modular end-to-end fleet management system integrating on-board vehicle hardware, back-office software, and a web-based control room interface for real-time service monitoring, RTPI, performance analysis, and system integration. The platform is ITxPT-compliant, supports both cloud SaaS and on-premises deployment, and includes add-on modules such as passenger counting, video surveillance, contactless ticketing, traffic light priority, vehicle classification, and arrival prediction.

Thetis IT serves three primary customer segments: public transport operators (e.g., ACTV in Venice, Arriva in Malta, DK'Bus in Dunkirk), public transport authorities responsible for multi-operator networks (e.g., Merseytravel in Liverpool, Nexus in Newcastle, Luxtram in Luxembourg), and vehicle manufacturers (Daimler, Iveco, Scania, BYD, King Long) for factory-integrated on-board ITS. The company also extends into adjacent verticals such as municipal waste collection (A2A Milan) and environmental traffic management (Cairo UNDP/GEF project, Beijing Ministry of Environment). Revenue is generated through a mix of recurring software licenses, hardware sales, professional services, licensing/royalties on factory-integrated OEM systems, and managed-service Fleet-as-a-Service contracts (notably with E-GAP for electric vehicle fleets in Rome). The company holds ISO 9001, ISO 14001, and ISO 45001 certifications and operates across more than 10 countries including Italy, the UK, France, Luxembourg, Malta, Egypt, and China. Leadership consists of CEO Pietro Gallotta; the broader management team is not disclosed in the available data.

Name

Thetis IT

Legal name

Thetis IT Srl

Website

https://thetisit.com

Company type

Private

Founded year

1998

Operating status

Operating

Headcount range

11–50 employees

Short description

Thetis IT is an Italian intelligent transport systems integrator that develops modular fleet management, real-time passenger information, and on-board ITS software and hardware for public transport operators, authorities, and vehicle manufacturers across 10+ countries.

Ownership category

akta.pro rank

Product category

Intelligent Transport Systems (ITS)

NAICS

Computer Systems Design and Related Services (54151), Support Activities for Transportation (488)

SIC

Services-Computer Integrated Systems Design (7373), Transportation Services (4700)

akta.pro primary industry

Public Transit MaaS Integration Platforms (GTFS/RT, APIs, Real-Time Ops Feeds) (THADALAE)

akta.pro secondary industries

Transit, Traffic & Mobility Data Platforms (BPAMANAH), Connected Vehicle & V2X Traffic Operations (RSUs, SPaT/MAP, CV Applications) (TLAJACAJ), Full-Service Fleet Management (Outsourced Fleet Programs) (THADAKAA)

Keywords

• Intelligent transport systems
• Fleet management software
• Real-time passenger information
• Public transport AVL
• Onboard ITS equipment

Headquarters

HQ city

Venice

HQ country

Italy

HQ region

Europe

Offices2 records

Markets served

GTM type

B2B

Offering type

Software

Cost components

Personnel, Supply Chain, Technology or R&D, Operations, Marketing or Sales

Revenue model

1. Thetis Platform Software Licenses: Modular end-to-end fleet management software platform offered as cloud Software-as-a-Service or installed on-premises. Includes Fleet Monitoring, RTPI, Performance Analysis, and System Integration modules.
2. On-board Hardware Systems: Supply of onboard ITS equipment including localization units, passenger counting sensors, video surveillance, information systems such as screens and audio messages, and networking components.
3. Professional Services: Implementation, system integration, project management, training, and ongoing support services for deploying Thetis solutions across transport networks.
4. Factory-Integrated On-board Systems: Collaboration with vehicle manufacturers to deliver factory-integrated ITS solutions installed during vehicle production, including advanced onboard computers, networking components, passenger information displays, and audio systems.
5. Fleet-as-a-Service Model: Partnership model (e.g., with E-GAP) providing electric vehicles and charging infrastructure with integrated fleet management technology at zero initial cost.

Pricing tiers

Go-to-market motion1 record

Distribution channels2 records

Marketing channels5 records

Core offering

Thetis IT designs, develops, integrates, and supports the Thetis Platform, an end-to-end modular fleet management system for public transport. The platform combines back-office software, a web-based control room interface, and on-board hardware (localization, passenger counting, video surveillance, displays) to deliver real-time vehicle tracking, RTPI, system integration, and performance analysis. Offerings are deployed as cloud SaaS or on-premises to transport operators, authorities, and vehicle manufacturers.

Product overview

Thetis IT offers the Thetis Platform, a complete end-to-end modular fleet management system with four core service modules: Fleet Monitoring for real-time AVM, RTPI for multichannel passenger information, System Integration for software/hardware interoperability, and Performance Analysis for KPI and contract management. The platform is delivered as both cloud Software-as-a-Service and on-premises installation, supporting both public transport operators and authorities. Specialized solutions include factory-integrated on-board systems for vehicle manufacturers, Fleet-as-a-Service for electric vehicle deployments, and Variable Message Signs for smart parking guidance. The modular architecture follows ITxPT standards with optional add-ons including passenger counting, video surveillance, contactless ticketing, and traffic priority systems.

Differentiator

Problem solved

Functional benefit

Products and services

• Thetis Platform Complete end-to-end modular fleet management system integrating on-board systems, back-office software, and a web-based control room interface for real-time vehicle tracking and service management across public transport networks. Deployable as cloud SaaS or on-premises.
• Fleet Management for Public Transport Operators End-to-end technology ecosystem for connecting public transport vehicles into an intelligent transport network, monitoring and optimizing service in real time for public transport operators.
• Command and Control for Public Transport Authorities Centralized command and control center solution providing authorities with real-time situational awareness, contract KPI management, service certification, and compliance monitoring across multiple operators and modes.
• Factory-Integrated On-Board Systems ITS-ready on-board systems installed during vehicle production, including on-board computers, networking components, passenger displays, audio systems, and CAN bus integration for electric and conventional fleet vehicles.
• Fleet-as-a-Service Cloud-based control room software with integrated ITS for managing electric vehicle fleets including AVL, video surveillance, passenger counting, and contract KPI management under a Fleet-as-a-Service commercial model.
• On-Board ITS Hardware Systems Supply of on-board ITS equipment including localization units, passenger counting sensors, video surveillance, passenger information displays, audio message systems, and networking components.
• Professional Services for ITS Deployment Implementation, system integration, project management, training, and ongoing support services for deploying Thetis IT solutions across public transport networks.
• Variable Message Signs (VMS) Network of strategically placed variable message signs connected to parking area vehicle counting systems for intelligent traffic and parking guidance.

Quantifiable outcome

• Passenger counting accuracy exceeding 98% in all lighting conditions
• +3 more outcomes

Named customers11 records

Segments3 records

Ideal customer profiles3 records

Technology focussed Yes

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

AI capability7 records

Feature8 records

Partnerships

Three partnerships are on record, tiered notable and flagship.

• Telecom ItalianotableStrategic or Co-development PartnerCollaboration with Telecom Italia, Italy's leading telecommunications company, to develop cutting-edge on-board systems for local public transport vehicles across the Emilia-Romagna region. The partnership integrated and provided data for comprehensive regional-level user information services.
• UNDP/GEF (United Nations Development Programme and Global Environmental Facility)flagshipStrategic or Co-development PartnerThetis IT secured a prestigious tender proposed by UNDP/GEF in partnership with the Egyptian Environmental Affairs Agency as part of the Sustainable Transport Project for Egypt. The project aimed to fund sustainable transport initiatives to reduce energy consumption and emissions, improve urban air quality, and enhance transport systems in Cairo.
• E-GAPnotableStrategic or Co-development PartnerFleet-as-a-Service partnership in Rome where E-GAP provides 250 electric vehicles and charging infrastructure at zero initial cost for the agency. Thetis IT implemented its control room software and integrated ITS solutions for monitoring and managing the electric fleet.

Scale indicators11 records

Recent moves6 records

Expansion highlights6 records

Direct peers

• INIT: German-headquartered vendor of integrated public transport ITS (INTERFLEET/RADIOsnab), directly competing with Thetis for AVM/ITCS contracts across Europe, including modular onboard, back-office, and control-room solutions.
• IVU Traffic Technologies: Berlin-based public transport software vendor offering integrated planning, dispatching, fleet management, and real-time passenger information that directly mirrors Thetis Platform's modular offerings.
• Trapeze (Modaxo): Major transit ITS specialist within Modaxo's transit portfolio, selling AVM, CAD/AVL, depot management, and passenger information systems to public transport authorities globally - directly overlapping with Thetis.

Broad incumbents

• Geotab: Large-scale telematics and fleet management vendor (e.g., fleet management for A2A-style waste fleets) that overlaps with Thetis's fleet telematics and vehicle monitoring use cases outside of transit.
• Conduent: Diversified business services firm with a substantial public transit ITS practice offering transit operations, fare collection, and mobility analytics - overlapping with Thetis at larger procurements.
• Cubic Transportation Systems: Large-scale provider of urban mobility platforms for fare collection, real-time transit management, and traffic solutions, operating across North America, Europe, and Asia-Pacific in the same addressable market as Thetis.
• Siemens Mobility: Global transportation giant with traffic management and public transit solutions that overlap with Thetis's larger deployments and MaaS-style data brokerage offerings at municipal scale.

Emerging players

• Optibus: Cloud-native AI platform for transit scheduling, rostering, and on-demand operations that overlaps with Thetis Performance Analysis module but competes as a best-of-breed software layer without proprietary onboard hardware.
• Padam Mobility: MaaS platform providing on-demand transit and multimobility solutions targeting European cities and operators, competing with Thetis at the data integration and multimodal passenger information layer.
• BestMile: Platform for autonomous and electric fleet management in public transport, adjacent to Thetis Fleet-as-a-Service and EV-aware modules, competing for the same smart-fleet modernization budgets.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat5 records

Key risks6 records

Key highlights7 records

Customer concentration

• LinkedInlinkedin.com/company/thetis-it

Compliance3 records

Revenue estimate

Valuation estimate

Number of profiles

Profiles1 record

Funding overview

Funding rounds

Investors

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A

Investments

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about Thetis IT