Portland startup GlobeSherpa—perhaps best known locally as the technology behind the TriMet mobile ticketing app—announced today that they have been acquired by Austin based RideScout.
The acquisition is a huge step forward for both companies and will allow us to create a comprehensive mobility ecosystem where you can find, book, and pay for any type of transportation in your city from one app.
For GlobeSherpa, this acquisition represents a big win for our team with significant benefits to our partners, customers, and users. Since GlobeSherpa was founded in 2010, we have emerged as the market leader in mobile payment for transit systems with relationships with some of the most respected public transit agencies in the United States. As RideScout moves to organize the entire mobility ecosystem, payment is the next critical step. GlobeSherpa can help deliver this piece.
The two companies held a press conference today to provide more details on the acquisition:
For all of you trivia buffs out there, here’s a fun fact. With this acquisition, Daimler now has three distinct presences in Portland: Daimler Trucks North America, car2go, and RideScout which was acquired by Moovel, a wholly owned subsidiary of Daimler. Car2go is part of the Moovel family, as well.
This also marks a win for a number of local investors like TiE Angels Oregon, Portland Seed Fund, and Oregon Angel Fund, all of whom invested in GlobeSherpa.
For more information, visit GlobeSherpa.
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