Corporate on-demand transportation company Gett announced the closure of its New York ride-share business, Juno. The company also announced a strategic partnership with Lyft to enable Gett's corporate clients to access rides in the U.S. beginning next year.

Dave Waiser, Gett CEO, commented: "This development reinforces Gett's strategy to build a profitable company focused on the corporate transportation sector, a market worth $1 trillion each year."

Gett serves over 15,000 companies, including one-third of the Fortune 500. Through the Lyft partnership, Gett's corporate customers traveling in the U.S. will be able to request rides through the company’s app and be matched with a driver on the Lyft network.

The partnership will allow the company to expand its reach across the U.S., seamlessly serving its business clients on the Lyft network, all through the company's SaaS platform for business travelers.

Juno is shutting down in New York as a result of both Gett's increased focus on the corporate transportation sector and the enactment of misguided regulations in New York City earlier this year. Juno drivers will be paid in full by Juno for all rides completed by Juno's service end-date. All Juno riders will be invited to join Lyft.