Uber Acquires Transit System Software Company Routematch

Jonny
Published by:
Posted on 07/16/2020

Uber Technologies announced today that it has acquired Routematch. The Atlanta-based software company has been operating since 2000 and now powers 500 transit systems across the globe. Its artificially intelligence software assists transit systems with everything from trip booking and ticketing to dispatching and data management.

Although the financial terms of the deal between Uber and Routematch are not yet known, the bulk of Routematch’s 175 employees will be joining Uber.

In the short-term users of Route match’s software and services should expect few changes. Yet in the future Routematch’s technology could be adapted to power both fixed transit route and municipal paratransit services through Uber’s own ride sharing application.

In a joint statement Routematch CEO Pepper Harward and Head of Uber Transit David Reich said,” This acquisition brings together Uber’s expertise in on-demand, global mobility technologies with Routematch’s proven capabilities across paratransit, payments, fixed-route tools, and trip planning services. Both companies believe it will create new innovations that make it easier for agencies to provide the right transportation solutions to their riders, through an expanded suite of technologies.”

The pair went on to remark, ” We are extremely excited to bring together ideas, products, and insights from our team’s collective expertise. As allies of public transit, we look forward to finding new ways our technologies can improve transit riders’ end-to- end experiences, and expand accessibility even further for those who need it.”
With ridesharing on the decline in light of the coronavirus pandemic, Uber’s has been busy behind the scenes. Uber’s acquisition of Routematch is its second notable deal of the month. On July 6, 2020, the company announced that it acquired delivery company Postmates in a $2.65 billion all-stock deal.

Additional information about Routematch and the acquisition can be found at routematch.com.

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