Uber is buying a taxi software company to expand its foothold in the UK

  • 📰 CNBC
  • ⏱ Reading Time:
  • 33 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 16%
  • Publisher: 72%

Technology Technology Headlines News

Technology Technology Latest News,Technology Technology Headlines

The deal will allow Uber to use Autocab's marketplace technology to connect users with local taxi operators.

Called iGo, the software was originally developed by Autocab to help taxi operators compete with ride-hailing apps like Uber.

Though Uber has a big foothold in the U.K. — particularly in London — it still only operates in 40 towns and cities. With its acquisition of Autocab, the company is aiming to fill the gaps by expanding to 170 regions. "Autocab has worked successfully with taxi and private hire operators around the world for more than thirty years and Uber has a lot to learn from their experience," said Jamie Heywood, Uber's regional general manager of Northern & Eastern Europe.

"We look forward to working with the Autocab team to help local operators grow and provide drivers with genuine earnings opportunities."

 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.

It’s all CCP’s tricks; CCP must be sanctioned, otherwise the world is a terrorist attack

Uber must be desperate. They tech company buys now taxi competitors :)

We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

 /  🏆 12. in TECHNOLOGY

Technology Technology Latest News, Technology Technology Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

Uber to buy UK taxi tech firm AutocabUber said on Thursday it was buying the British tech company Autocab, which sells booking and dispatch software to private hire firms, in a move that will allow the taxi app to reach customers where it does not currently operate. Who cares? Fuck Uber.
Source: Reuters - 🏆 2. / 97 Read more »