INTEL acquires Moovit

INTEL acquires Moovit


Just focusing on a single stream of services and products is a old way of doing business. Diversifying the company into different markets is the best ways to sustain in the marker and keep up with the competitors. 

INTEL acquired Moovit, an Israel transit data startup. Moovit has a huge customer base using it's Mobility Application which includes robotaxi services. The forecast for this mobility service is huge and INTEL is going to move into Mobility market with this acquisition. Moovit along with the standard Google Apps also uses crowd sourced data to help its' routing. The autonomous driving is a huge market. Intel also has Mobileye in it's fold which developed Advanced Driver Assistance System (ADAS).

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