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News Summary

• “Mobility assistance is a real-world application for connected vehicle data and, by combining both companies’ technologies, we will provide new solutions for the betterment of customer safety, security and accessibility.”Post-deal, Matt Booth will continue to be CEO; Tim Huffmyer will be CFO of the combined company.
• The platform also enables GDPR, CCPA and other privacy regulation-compliant solutions using both personal and aggregate data.Urgently meanwhile has a smaller but more focused scope: it provides technology to help connect car owners with roadside assistance services.One of these businesses is currently significantly bigger than the other.
• Otonomo today provides services like fleet management, data that feeds diagnostics, mapping, traffic and safety management services, and more.
• Otonomo, a connected automotive company that has seen its stock price plummet since going public in 2021, has announced that it is coming together with Urgently, a roadside assistance tech provider, in a reverse merger.
• As we have previously written, once the data is securely collected, the platform modifies it so companies can use it to develop apps and services for fleets, smart cities and individual customers.
• That speaks to the struggles it has had in the market to realize the potential it’s promised to deliver.The company, when merged, will have operations in 26 countries and have some 100 partnership deals with OEMs, transportation and mapping, insurance, fleet and rental sectors, it said.