RideCharge Acquires Aleph Global
RideCharge, the mobile ground transportation leader and developer of industry-leading consumer apps Taxi Magic and Sedan Magic, today announced the acquisition of Aleph Global, an automated dispatch solution provider for the black car and luxury car service industries. RideCharge will combine the mobile booking and payment app, Sedan Magic, with Aleph Global's dispatch software solution and driver app to create an end-to-end platform for black car fleets and corporate travelers. The deal between two private companies was signed on August 9, 2012 in a transaction payable in cash and RideCharge equity.
“We are excited to add Aleph to the RideCharge family of products and extend their dispatch capabilities throughout our Sedan Magic business,” said Thomas DePasquale, CEO & Chairman, RideCharge, Inc. “By combining the consumer expertise of our award-winning mobile apps with Aleph's corporate travel management and billing capabilities, we create a winning platform for established black car fleets, corporate travel buyers and sedan passengers.”
Chauffeured ground transportation is an estimated $10 billion market in the United States. Through the Aleph Global acquisition, RideCharge inherits relationships with several corporate travel buyers, including industry-leading banks and financial institutions, law firms, pharmaceutical companies and several other industries. By extending Sedan Magic mobile technology on top of Aleph's dispatch infrastructure, mobile workforces will book, manage and expense black car rides instantly from their smartphone. Moreover, black car and luxury transportation providers will better serve enterprise passengers by dispatching nearby, available vehicles for faster pickup and providing improved ride management tools.
“RideCharge and Aleph technologies are very complementary. Chauffeured ground transportation companies that serve corporate clients will now have innovative solutions to differentiate their offerings from ride booking to payment,” said Mohammed Sayed, President of Aleph Global Inc. “This will not only improve the passenger experience, it will enable ground transportation providers and their drivers to increase top-line revenues and operate more efficiently.”
RideCharge and Aleph Global provide fleet-centric solutions that automate dispatch, lower operating costs and attract new customers. Aleph solutions support the fleet business model by providing a single platform to manage booking, scheduling, billing, analytics and sustainability initiatives. Sedan Magic mobile technology extends the fleet's consumer reach, providing seamless mobile and web booking tools, clear pricing and real-time map-tracking to keep passengers informed while decreasing fleet support costs. RideCharge and Aleph Global have been integration partners since 2008.
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