Uber did not share terms of the deal. However, it doesn’t appear to be a minor “acquihire,” in which a company is purchased to land a few talented employees. Instead, Uber is making a strategic acquisition for a company that has developed software used by more than 500 transit agencies.
The operations of the 170-person company will continue and CEO Pepper Harward will remain.
The acquisition marks Uber’s push to become a Software-as-a-Service (SaaS) provider to public transit agencies. Routematch’s software provides trip planning, vehicle tracking, payment and tools for fixed route transit like buses as well