Cabconnect acquires Flywheel in bid to create on-demand taxi platform

Taxis have been taking a beating over the past few years, thanks to the popularity of on-demand ride services like Uber and Lyft. Sensing an opportunity, Flywheel, which was at one point called Cabulous, set out to modernize this legacy transit option. After seven years, the company has been acquired by competitor Cabconnect to craft a more robust taxi-centric software platform.
Financial terms of the deal were not disclosed.
“We are excited for Cabconnect to continue the expansion of Flyw