Uber is going to acquire public transportation Software Company, Routematch.
Uber declared that it will secure an Atlanta-based company Routematch. Routematch was founded in 2000 which built software for public transportation agencies. The news comes in the midst of the ride-hail organization’s more extensive drive into public transit. Uber didn’t uncover the deal terms. Routematch offers software to public transit agencies for dispatching, data management, ticketing, and trip booking.
Uber stated that the procurement will help support its own efforts to incorporate increasingly public transportation services in its application, similar to ticket purchases and route planning. The announcement included that start selling the product that controls its ride-hailing business to transit agencies. It will start the selling program with Marin County transportation agency California as their first client. But the deal arrangement began powering logistics and little that is available for four wheelchair-accessible vans.
The Routematch acquisition seems designed for finding new clients, and new income streams like Uber’s software-as-a-service program where it has already partnerships with more than 500 public transportation agencies. A year ago, the town of Bad Axe, Michigan was teamed up with the company, where the company offers on-demand, Uber-like free bus service for several Puerto Ricans uprooted by Hurricane Maria, who had moved to the zone for work. Routematch has had some achievements in providing help to little, rural communities to improve their transport administration.It additionally helps authorities in Maryland, Cecil County, to grow free, on-request transport service for individuals with narcotic addictions so that one can travel to and from recovery meetings.
A year ago, Uber declared it would start selling train and transport tickets through its application for clients in Denver, Colorado. From that point forward, the company has coordinated public transportation calendars and headings into its application. Not exactly a year later, Uber says that “more than 2 million riders” have attempted Uber Transit.
Additionally, Uber announced its plans to acquire food delivery service and grocery Postmates for $2.65 billion. The Company cut more than 25 percent of its workforce in light of the pandemic.