From The Verge: Uber announced that it will acquire Routematch, an Atlanta-based company that develops software for public transportation agencies. The news comes amid the ride-hail company’s broader push into public transit.
Uber didn’t disclose the terms of the deal. Routematch, which was founded in 2000, sells software to public transit agencies for data management, dispatching, trip booking, and ticketing. Uber said the acquisition will help bolster its own efforts to integrate more public transportation services in its app, like route planning and ticket purchases.
The news comes on the heels of Uber’s announcement that it would begin selling the software that powers its ride-hailing business to transit agencies, with California’s Marin County transportation agency as the first customer. But the deal started small, powering logistics for just four wheelchair-accessible vans. The acquisition of Routematch, which has partnerships with over 500 public transportation agencies, appears geared toward finding new customers, and new revenue streams, for Uber’s software-as-as-service program.
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