Enterprise Purchases Car Tech. Provider

Aug. 10, 2015

Aug. 10, 2015—Enterprise Holdings announced on Friday that its regional subsidiary, the Enterprise Rent-A-Car Canada Company, has purchased Metavera Solutions Inc., a leading provider of car-sharing technology.

Metavera provides sustainable transportation technologies to customers in over a dozen countries around the world.

"For more than a decade, our team has been focused on creating intelligent systems that change the way people drive, and we look forward to continuing that tradition of innovation with Enterprise," said Tony Simopoulos, founder and president of Metavera. "Enterprise shares our commitment to investing in people, communities and sustainable transportation solutions. This combination not only is a natural fit for our business, but also a testament to the ingenuity of our employees."

Enterprise Holdings purchased Metavera for its car sharing technology and industry expertise, which will support the ongoing evolution of its Enterprise CarShare operation.

"Uniting our business expertise with Metavera's technology and industry-leading talent will enable us to enhance both our technology and the service we offer," said Greg Stubblefield, chief strategy officer and executive vice president for Enterprise Holdings.

Metavera employees will be retained and continue to operate in Toronto. Terms of the transaction were not disclosed.