Boston, MA – According to filings with the U.S. Securities and Exchange Commission, ModeShift is raising $2,500,000.00 in new funding. Sources indicate as part of senior management President, Miroslav Katsarov played a key role in securing the recent investment and it will aid in aggressively expanding the company, as well as broaden and accelerate product development.

About ModeShift
Modeshift, Inc. is a Boston-based technology company with the mission to enable small and middle size transit agencies to provide intelligent transportation services. Our core product is Account-based Fare Collection hosted on the Microsoft Azure cloud and delivered as a service (Software as a Service – SaaS). Modeshift also provides other subsystems which complete the stack of hardware and software needed to operate a modern transit system such as Mobile ticketing, AVL/CAD and Real-time information. We are a young and enthusiastic team of 40 people who already changed the way people commute in a growing number of cities. We provide the expertise and the tools to help you build and operate a modern commute management experience from the ground up or by stepping on any existing investment in hardware or software.

To learn more about ModeShift, visit http://www.modeshift.com/

Contact:
Miroslav Katsarov, President
316-854-4776
https://www.linkedin.com/in/miroslav-katsarov-9742584/

SOURCE: http://www.intelligence360.io
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