HaCon takes majority stake in Bytemark
USA: HaCon has become the majority shareholder of ticketing technology company Bytemark, having held a stake for two years. HaCon CEO Michael Frankenberg said this would provide New York-based Bytemark with ‘the leeway a start-up needs to get ideas off the ground.’
Announcing the deal on November 14, HaCon said it would provide a basis for the creation of ‘fully integrated, market-specific’ real-time trip planning and mobile ticketing systems.
‘HaCon brings decades of experience to the mass transit agencies here in North America’, added Bytemark CEO Micah Bergdale. ‘Together with our industry-leading solutions for mobile ticketing and payments, this partnership will continue to deliver powerful new IT capabilities for transit agencies and put accurate, real-time transit information in the hands of their riders.’