Digital Dispatch gets bigger
Briefs | 08/21/2007 1:56 pm EDT
Digital Dispatch Systems Inc., a mobile data solution provider located in Richmond BC, has inked a litter of intent to acquire Mobisoft Oy, an automated dispatch and wireless data transfer application service provider in Finland. The acquisition allows Digital Dispatch to expand to a much greater degree in the small taxi fleet market. According to the Taxicab, Limousine and Paratransit Association (TLPA), about 85% of taxi fleets have fewer than 50 vehicles. "The hosted ASP recurring revenue model of Mobisoft provides us with the ideal solution to address this huge opportunity," Digital Dispatch CEO Vari Ghai said in a news release. "With Digital Dispatch's strong brand recognition in taxi and Mobisoft's proven product offering, we expect to quickly exploit this exciting opportunity." The acquisition is expected to close on or before September 30, 2007 and is valued at EUR5.7 million.