Portland startup responsible for TriMet’s ticketing app is acquired by a Texas-based company.
BY JACOB PALMER | DIGITAL NEWS EDITOR
The Portland startup responsible for TriMet’s ticketing app, GlobeSherpa, was acquired by Texas-based RideScout.
GlobeSherpa will maintain its downtown Portland office and CEO Nat Parker will continue to head the operation.
RideScout plans to integrate GlobeSherpa’s online tickets into its own guide for finding urban transportation options. It integrates car-sharing options, transit times and other features in a single format so travelers can pick among several options to reach their destination.
GlobeSherpa had raised $3.5 million in investment to date. The companies didn’t disclose terms of Tuesday’s deal but Eric Rosenfeld of the Oregon Angel Fund, an early investor in Globe Sherpa, called it “a great exit financially.”
The RideScout app will be strengthened by GlobeSherpa’s presence because it will allow users to see more options and buy tickets directly.
“Selling for us is ensuring the future of the company with a partner that we think envisions what GlobeSherpa has set for integrated mobility,” said Parker. “We think the market is absolutely ready for a combination of our companies’ respective platforms.”
In a statement announcing the deal, RideScout CEO Joseph Kopser called integrating mobile ticketing a critical component for the company.
(SOURCE: Portland Business Journal)
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