Modaxo completed the acquisition of Routematch from Uber Technologies.

Modaxo, a mobility technology services provider, completed the acquisition of Routematch, a mobility software manufacturer, from Uber Technologies, a ride hailing platform. Financial terms were not disclosed. “Modaxo’s sole focus is on people transportation and we look to acquire and grow technology businesses that drive growth for the sector. When we invest in a business like Routematch, we invest in their technology, people, and customers for the long-term. This acquisition reinforces our commitment to public transit and brings us another step closer towards achieving our goal of moving the world’s people," Rod Jones, Modaxo Head of Americas.