Management & Operations

INIT invests in mobile ticketing company Bytemark

Posted on September 6, 2016

INIT Innovations in Transportation Inc. has acquired a 27.5% stake in Bytemark Inc., a provider of mobile ticketing technologies in the transit industry.

Bytemark, located in New York, with additional offices in the UK, Canada, India and Australia, has developed a patent-protected technology that powers a mobile ticketing platform for transit. The platform offers anintegrated mobile commerce experience.

The Bytemark Platform is a suite of smartphone apps, point-of-sale plugins and open APIs providing transit agencies the ability to meet the needs of today’s passengers. INIT’s investment will help expand their technology offerings, thereby allowing them to continue to deliver solutions to the transit industry and passengers.

Currently, Bytemark is participating in opportunities for major projects in Europe, North America, the Middle East, and East Asia. The acquisition allows the companies to continue their ongoing collaboration and expand their offerings in the growing mobile market.

View comments or post a comment on this story. (0 Comments)

More News

METROspectives podcast launches with ABA's Pantuso, CTAA's Bogren

The new podcast, hosted by Managing Editor Alex Roman, is focused on public transportation, the private motorcoach industry, and all things mobility.

Bergener named deputy CEO at OCTA

She takes over for Kenneth G. Phipps, who retired earlier this month after nearly three decades at the transportation agency.

RATP Dev USA names new CEO

Arnaud Legrand has directed technical teams and projects for 21 years in complex transit operations, such as railway tests and aeronautical maintenance. 

Joint venture wins award for design of Ottawa's Confederation Line

It is the first conversion of an exclusive bus rapid transit system into a light rail transit in North America.

For-hire transportation group urges 'essential business' designation

Transportation Alliance is suggesting its members reach out to let Congressional members know they can help during pandemic.

See More News

Post a Comment

Post Comment

Comments (0)

More From The World's Largest Fleet Publisher

Automotive Fleet

The Car and truck fleet and leasing management magazine

Business Fleet

managing 10-50 company vehicles

Fleet Financials

Executive vehicle management

Government Fleet

managing public sector vehicles & equipment


Work Truck Magazine

The number 1 resource for vocational truck fleets

Schoolbus Fleet

Serving school transportation professionals in the U.S. and Canada

LCT Magazine

Global Resource For Limousine and Bus Transportation