Ridango Receives Investment from Bregal Milestone
Summary
Ridango, a Tallinn , Estonia-based provider of public transportation software, received an investment from Bregal Milestone. The company6 intends to use the funds to accelerate its organic and inorganic growth Founded in 2009 by CEO Erki Lipre, Ridango provides intelligent transportation software for public transport authorities, municipalities, cities, and private transport operators. It has built an integrated automated fare collection and operations control software platforms, serving more than 150 customers in over 25 countries across five continents. The company’s software provides end-to-end transit management services, from account-based ticketing to contactless bank card acceptance, real-time passenger information, and automatic vehicle location operations management to deliver better transit services, more accurate real-time visibility, and improved passenger satisfaction. Following accelerated customer activity in Sweden, including customer wins from Västtrafik, Sörmlandstrafiken, and Västmanlandstrafiken, Ridango will operate from its new European headquarters in Sweden; its R&D hubs in Estonia and Slovenia; and its regional sales and marketing hubs following customer wins in the Middle East (UAE, Qatar, and Saudi Arabia) and APAC (Singapore and Hong Kong).