New York City headquartered CabCorner and local site Tagxe finalized a share swap deal just last month. CabCorner is a a web-based, mobile-accessible “cab-sharing” application that connects individuals located in the same area who are headed the same direction around the same time, so that travelers can split the taxi fare.
Tagxe had a similar idea and its founder, Wenhan Zhou, told me that he “wasn’t doing anything with it” though he had built up a user base of a few hundred through Facebook and an email mailing list. And it seemed that one of the key reasons why this deal went through was to acquire these users.
The founder of Tagxe, Wenhan Zhou also co-founded 2359media and is currently working on mobile ad creation platform, MobDis.
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