Hilton taps former Uber exec as CTO
Jeff Moore brings 20 years of experience in software engineering and operations to the role as Hilton looks to advance its AI goals.
Uber Technologies has acquired Boston-based ezCater, a workplace catering platform, in an all-cash deal worth $2.3 billion. This acquisition combines ezCater's catering business with Uber Eats and Uber for Business. The deal allows Uber to tap into a large pool of higher-value, scheduled deliveries, such as corporate meetings, employee meal programs, and events. ezCater generated more than $2.5 billion in gross bookings during the past year and is projected to be margin accretive to Uber.
The average order value on the platform exceeds $400, and the company offers businesses access to over 140,000 restaurants nationwide with tools for managing ordering and food expenses. Uber CEO Dara Khosrowshahi stated that catering represents a significant revenue stream for restaurants, while Uber Eats couriers will have additional opportunities to earn from catering deliveries. ezCater CEO Nihad Rahman added that the combination of ezCater's catering and B2B expertise with Uber would grant access to Uber's extensive network of customers, merchants, and couriers.
The acquisition is expected to close in the coming months, pending regulatory approvals and customary closing conditions. Uber Freight also announced the appointment of Erin Mitchell as senior vice president of implementation, who will oversee customer onboarding for its Transportation Management business. Mitchell brings experience in both logistics and corporate supply chain from her previous roles at YMX Logistics and Kraft Heinz.
She emphasized the importance of transportation in a company's operations and her ability to deliver logistics services to help customers grow.
Written by urgent.news from FreightWaves's reporting — not their text. Machine-written — may contain errors; check the original before relying on it.
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