Toronto, March 1, 2022 (GLOBE NEWSWIRE) — Modaxo Inc, a global technology organization focused on the movement of people around the world. (“Modaxo”) is today MicroTransit provider TransLoc Inc. Announced the acquisition of (“TransLoc”). Ford Motor Company’s on-demand services and fixed route transportation solutions for public, university and transportation operators.
While part of Ford’s mobility portfolio, TransLoc’s SaaS-based solutions helped support more than 1,500 transportation providers across the United States and provide more than 600 million vehicles annually. In the first decade, TransLoc has won the Transportation Innovation Award from the White House for creating America’s first live regional route map, the first bus tracking mobile app. The company is based in Durham, North Carolina.
“We are excited to make Modaxo our new home. TransLoc Interim CEO Greg Jorgensen said:” By joining Modaxo, TransLoc, its customers, And employees have the opportunity to benefit from being part of a large global ecosystem that focuses solely on the transportation of people. “
“We sincerely welcome the TransLoc team and its customers. TransLoc’s mission—“ Creating seamless mobility for everyone ”—is a goal that is in line with our own mission to move people around the world. Bill Delaney, CEO of Modaxo, said. “We are always looking forward to TransLoc’s contributions to help shape the future of public transport by investing in companies and their people in the long run.”
TransLoc maintains its brand and autonomy while benefiting from the investment, support, coaching, best practices and peer learning provided by Modaxo. TransLoc is the 17th brand in the Modaxo portfolio, committed to providing technologies and solutions that move people around the world.
Modaxo is a global technology organization dedicated to moving people around the world. Our corporate group is committed to working together and independently to provide software and technology solutions that help connect people to the places they need for work, family and everyday life. Find out more at Modaxo.com.
Kim Emerson, CMO
Tel: +1 416 473 6302
CBJ News Maker
Modaxo welcomes TransLoc, a Canadian business journal
Source link Modaxo welcomes TransLoc, a Canadian business journal