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New Deal


Announced

Completed

Otonomo Technologies completed the merger with Urgent.ly.

Financials

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Transaction Value-
Consideration TypeCash
Capital Owned-
Capital Bid For100%
EV/Sales-
EV/EBITDA-
Share Price Premium-
One Off Charge-

Tags

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Friendly

Merger

Cross Border

Private

IT Services: Other

Israel

data platform

vehicle data

Acquisition

Majority

Completed

Synopsis

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Otonomo Technologies, a platform powering the mobility economy, completed the merger Urgent.ly, a provider of digital roadside and mobility assistance technology and services. Financial terms were not disclosed. “I am thrilled to announce the completion of this transaction, which further strengthens Urgently’s unique market position as a leading roadside assistance software provider. This acquisition is the result of the outstanding contributions of our employees and the support of our powerful ecosystem of Customer-Partners and Service Provider professionals. We are committed to leading the transformation to connected mobility and we look forward to continuing to improve proactive and preventative customer experiences,” Matt Booth, Urgently CEO.

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