Uber To Buy Location-Based Service Provider deCarta
Uber confirmed the transaction
According to TechCrunch, a spokesman from Uber confirmed that the company is close to reaching an agreement to acquire deCarta. The representative did not provide details regarding the financial terms of the deal.
Uber’s spokesman said acquiring deCarta would help the ride-sharing company enhance its products and services since it is dependent on mapping technologies.
“A lot of the functionality that makes the Uber app so reliable, affordable and seamless is based on mapping technologies. With the acquisition of deCarta, we will continue to fine-tune our products and services that rely on maps…”
Acquisition could reduce Uber’s reliance on Google maps Market observers suggested that Uber’s acquisition of deCarta is noteworthy because it could reduce its reliance on Google Inc (NASDAQ:GOOG) (NASDAQ:GOOGL) maps.
In its website, deCarta pointed out the there’s no reason for companies like Uber to sacrifice its business model brand or control of content by using generic consumer mapping services provided by Google or Bing.
source: http://www.valuewalk.com/2015/03/uber-to-buy-decarta/
Uber confirmed the transaction
According to TechCrunch, a spokesman from Uber confirmed that the company is close to reaching an agreement to acquire deCarta. The representative did not provide details regarding the financial terms of the deal.
Uber’s spokesman said acquiring deCarta would help the ride-sharing company enhance its products and services since it is dependent on mapping technologies.
“A lot of the functionality that makes the Uber app so reliable, affordable and seamless is based on mapping technologies. With the acquisition of deCarta, we will continue to fine-tune our products and services that rely on maps…”
Acquisition could reduce Uber’s reliance on Google maps Market observers suggested that Uber’s acquisition of deCarta is noteworthy because it could reduce its reliance on Google Inc (NASDAQ:GOOG) (NASDAQ:GOOGL) maps.
In its website, deCarta pointed out the there’s no reason for companies like Uber to sacrifice its business model brand or control of content by using generic consumer mapping services provided by Google or Bing.
source: http://www.valuewalk.com/2015/03/uber-to-buy-decarta/