Urban Engines Sale to Google Advised by GCA
We are pleased to announce that our client, Urban Engines, Inc. (“Urban Engines” or the “Company”), a leading mapping, visualization, analytics, and optimization platform specifically designed for movement data, has entered into a definitive agreement to be acquired by Google, a subsidiary of Alphabet Inc. (NASDAQ: GOOGL).
Urban Engines has built an innovative technology platform that addresses the complexities in movement data, which cannot be handled by traditional analytics, mapping, or database solutions. The platform leverages its interactive mapstack to enable real-time tracking, visualization, and routing of vehicles and packages. The solution is delivered as a SaaS offering. Terms of the transaction have not been disclosed.
GCA acted as exclusive financial advisor to Urban Engines in connection with this transaction.
About Urban Engines
Urban Engines improves urban mobility — making it easier to get where you’re going — by using information from the billions of trips that people and vehicles make each day. The Company’s mapping, visualization, analytics, and optimization platform creates actionable insights for companies, cities, and commuters from the increasing amounts of movement data generated by the Internet of Moving Things.
For more information, visit www.google.com/intl/en/about/.