Ford Smart Mobility LLC, a division of Ford Motor Co., has agreed to acquire Journey Holding Corp., which provides software solutions for intelligent transportation systems.
The company will integrate its offerings with FSM’s TransLoc unit to accelerate Ford’s delivery of transportation solutions for cities, universities, and other businesses with transit operations. The name of the combined organization will be announced at a later date. The terms of the acquisition were not disclosed.
Journey Holding CEO Justin Rees will lead the new operation. TransLoc CEO Doug Kaufman will leave the transit technology company on Aug. 16.
Together, the new group, which includes nearly 200 employees, serves nearly 1,200 cities, universities, corporate campuses and other enterprises with software solutions for fixed route transportation, microtransit on-demand transportation and other related areas.
Journey Holding was established in 2018 as the result of a merger between Indianapolis-based DoubleMap Inc. and Salt Lake City-based Ride Systems LLC. Both companies provide automatic vehicle location services to municipalities, universities, airports, hospitals and corporate fleets. DoubleMap was founded in 2011 by Ilya Rekhter (new vice president of growth), Peter SerVaas (new vice president of innovation) and Eric Jiang. Ride Systems was founded in 2007 by Rees, Kelly Rees 9 (new vice president of integration) and Ben Haynie.
