Welcome!

News Feed Item

Enterprise Holdings Acquiring OccasionalCar in Denver

DENVER, April 15, 2014 /PRNewswire/ -- Enterprise Holdings today announced that it is purchasing OccasionalCar, which has been providing leading-edge car-sharing services in Denver since 2009.    

www.enterpriseholdings.com)" border="0" alt="Enterprise Holdings (www.enterpriseholdings.com)" align="middle" src="http://photos.prnewswire.com/prnvar/20120412/CG86494LOGO"/>

Enterprise Holdings, through its regional subsidiaries, operates the flagship Enterprise Rent-A-Car brand as well as the National Car Rental and Alamo Rent A Car brands. The company, the most comprehensive service provider in the car rental industry, also offers Enterprise CarShare – with a suite of products and policies specifically geared to the car-sharing customer experience – and Enterprise Rideshare, a leading carpooling and vanpooling program for commuters. It likewise operates Zimride by Enterprise, an online ride-matching program that connects hundreds of thousands of drivers and passengers, while partnering with colleges and universities to facilitate transportation-management solutions.

The acquisition closes today; financial terms of the transaction will not be disclosed.

"We remain committed to providing sustainable transportation options and are excited to include OccasionalCar members as part of our local network," said Ryan Johnson, assistant vice president overseeing Enterprise's CarShare, Rideshare and Zimride operations.

OccasionalCar – which will operate under its current brand through the end of the summer – will be served by Enterprise CarShare, a natural extension of the Enterprise Rent-A-Car network. Enterprise already operates almost 90 car rental branch offices in Colorado, with 20 offices within the City of Denver. In addition, Enterprise has been offering car-sharing services on the University of Denver campus to students and the DU community since 2011.

As a result, Enterprise is ideally positioned to run a successful, sustainable car-sharing program in an environmentally focused community like Denver, with a lower member-to-car ratio, a fuel-efficient fleet and a commitment to deliver well-maintained, clean and up-to-date vehicles.

Today, Enterprise CarShare is available on more than 75 university campuses, 40 government and business campuses in North America, and in nearly 20 major markets including New York, Boston, Washington, D.C., Philadelphia, Chicago and Toronto. Enterprise CarShare offers hybrid, plug-in and fuel-efficient vehicles, delivering car-sharing technology's speed and economy to businesses, universities and government offices looking to enhance their fleet management operations along with their fiscal and social sustainability initiatives.

Sustainable Transportation Since 1957
Enterprise has a well-documented leadership role in providing affordable, accessible and sustainable transportation options. In fact, the company has been delivering transportation alternatives right where people live and work since 1957, an early example of today's "collaborative consumption" trend. Forty years later, it trademarked the term Virtual Car®, after recognizing the long-term impact of such a sustainable neighborhood-based business model – and even featured the "virtual car" concept in a newspaper ad as early as 1997.

Because of Enterprise's track record, OccasionalCar founder Russell Straub views the company as an ideal partner for moving car sharing forward in Denver. "We see the local car rental and car-sharing business models continuing to meld together over the long run," Straub noted. "So there is no one better positioned than Enterprise to lead the way in Denver."

"Triple Bottom Line" Stewardship
Last fall, Enterprise CarShare was a key sponsor at the Shared Use Mobility Conference, hosted by the Transportation Sustainability Research Center. That is because Enterprise Holdings is a family-owned business, intuitively focused on the need to operate for the long term and with the next generation in mind.  

This sense of "triple bottom line" stewardship is reflected in Enterprise's other partnerships with key stakeholders, too. For instance, Enterprise has joined forces with the Donald Danforth Plant Science Center, the largest independent plant research center in the world, to establish the Enterprise Rent-A-Car Institute for Renewable Fuels. The Institute's aim is to create the next generation of alternative fuel technologies from environmentally sound plant and algal sources, thus reducing our greenhouse gas emissions and our dependence on non-renewable resources.  

The company also is working in 2014 with the Arbor Day Foundation to plant 1 million trees throughout the United States, and the United Kingdom as part of the Enterprise 50 Million Tree Pledge. Supported by a $50-million commitment from Enterprise, the private/public/nonprofit partnership already has resulted in nearly 9 million trees being planted in areas suffering damage from wildfires and other natural disasters (an interactive map of the plantings is available online). For example, by the end of 2014, Enterprise will have funded the planting of 324,800 trees in Colorado. In the Pike National Forest, 224,800 new trees are repairing damage caused by the 1996 and 2002 wildfires to the upper South Platte watershed – the primary water source for Denver. In the Grand Mesa, Uncompahgre and Gunnison National Forests – which were damaged in 2010 by the Beaver Fire that burned 800 acres of land – the 100,000 trees planted in 2011 were the first of two planting projects that will reduce the length of time for the forest to re-establish itself from 100 years to approximately 10 years.

For more information about Enterprise Holdings' corporate sustainability initiatives, please see its www.DrivingFutures.com website, plus its most recent Corporate Sustainability Report.

About Enterprise Holdings
Enterprise Holdings and its affiliate Enterprise Fleet Management together offer a total transportation solution. Combined, these businesses – which include extensive car rental and car-sharing services, commercial truck rental, corporate fleet management and retail car sales – accounted for $16.4 billion in revenue, employed 78,000 and operated 1.4 million vehicles throughout the world in fiscal year 2013. Enterprise Holdings, through its regional subsidiaries, operates the largest fleet of vehicles in the world through a global network of neighborhood and airport locations under the Enterprise Rent-A-Car, National Car Rental and Alamo Rent A Car brands. Enterprise Fleet Management provides full-service fleet management to companies and organizations with medium-sized fleets. Other transportation services marketed under the Enterprise brand name include Enterprise CarShare, Enterprise Rideshare, Enterprise Car Sales and Enterprise Commercial Trucks. Operating through its regional subsidiaries, Enterprise Holdings is the largest car rental company in the world as measured by revenue, fleet and employees.

SOURCE Enterprise Holdings

More Stories By PR Newswire

Copyright © 2007 PR Newswire. All rights reserved. Republication or redistribution of PRNewswire content is expressly prohibited without the prior written consent of PRNewswire. PRNewswire shall not be liable for any errors or delays in the content, or for any actions taken in reliance thereon.

Latest Stories
SYS-CON Events announced today that Isomorphic Software will exhibit at DevOps Summit at 19th International Cloud Expo, which will take place on November 1–3, 2016, at the Santa Clara Convention Center in Santa Clara, CA. Isomorphic Software provides the SmartClient HTML5/AJAX platform, the most advanced technology for building rich, cutting-edge enterprise web applications for desktop and mobile. SmartClient combines the productivity and performance of traditional desktop software with the simp...
With so much going on in this space you could be forgiven for thinking you were always working with yesterday’s technologies. So much change, so quickly. What do you do if you have to build a solution from the ground up that is expected to live in the field for at least 5-10 years? This is the challenge we faced when we looked to refresh our existing 10-year-old custom hardware stack to measure the fullness of trash cans and compactors.
Extreme Computing is the ability to leverage highly performant infrastructure and software to accelerate Big Data, machine learning, HPC, and Enterprise applications. High IOPS Storage, low-latency networks, in-memory databases, GPUs and other parallel accelerators are being used to achieve faster results and help businesses make better decisions. In his session at 18th Cloud Expo, Michael O'Neill, Strategic Business Development at NVIDIA, focused on some of the unique ways extreme computing is...
The emerging Internet of Everything creates tremendous new opportunities for customer engagement and business model innovation. However, enterprises must overcome a number of critical challenges to bring these new solutions to market. In his session at @ThingsExpo, Michael Martin, CTO/CIO at nfrastructure, outlined these key challenges and recommended approaches for overcoming them to achieve speed and agility in the design, development and implementation of Internet of Everything solutions wi...
Cloud computing is being adopted in one form or another by 94% of enterprises today. Tens of billions of new devices are being connected to The Internet of Things. And Big Data is driving this bus. An exponential increase is expected in the amount of information being processed, managed, analyzed, and acted upon by enterprise IT. This amazing is not part of some distant future - it is happening today. One report shows a 650% increase in enterprise data by 2020. Other estimates are even higher....
With over 720 million Internet users and 40–50% CAGR, the Chinese Cloud Computing market has been booming. When talking about cloud computing, what are the Chinese users of cloud thinking about? What is the most powerful force that can push them to make the buying decision? How to tap into them? In his session at 18th Cloud Expo, Yu Hao, CEO and co-founder of SpeedyCloud, answered these questions and discussed the results of SpeedyCloud’s survey.
Today we can collect lots and lots of performance data. We build beautiful dashboards and even have fancy query languages to access and transform the data. Still performance data is a secret language only a couple of people understand. The more business becomes digital the more stakeholders are interested in this data including how it relates to business. Some of these people have never used a monitoring tool before. They have a question on their mind like “How is my application doing” but no id...
Actian Corporation has announced the latest version of the Actian Vector in Hadoop (VectorH) database, generally available at the end of July. VectorH is based on the same query engine that powers Actian Vector, which recently doubled the TPC-H benchmark record for non-clustered systems at the 3000GB scale factor (see tpc.org/3323). The ability to easily ingest information from different data sources and rapidly develop queries to make better business decisions is becoming increasingly importan...
The 19th International Cloud Expo has announced that its Call for Papers is open. Cloud Expo, to be held November 1-3, 2016, at the Santa Clara Convention Center in Santa Clara, CA, brings together Cloud Computing, Big Data, Internet of Things, DevOps, Digital Transformation, Microservices and WebRTC to one location. With cloud computing driving a higher percentage of enterprise IT budgets every year, it becomes increasingly important to plant your flag in this fast-expanding business opportuni...
Qosmos has announced new milestones in the detection of encrypted traffic and in protocol signature coverage. Qosmos latest software can accurately classify traffic encrypted with SSL/TLS (e.g., Google, Facebook, WhatsApp), P2P traffic (e.g., BitTorrent, MuTorrent, Vuze), and Skype, while preserving the privacy of communication content. These new classification techniques mean that traffic optimization, policy enforcement, and user experience are largely unaffected by encryption. In respect wit...
Deploying applications in hybrid cloud environments is hard work. Your team spends most of the time maintaining your infrastructure, configuring dev/test and production environments, and deploying applications across environments – which can be both time consuming and error prone. But what if you could automate provisioning and deployment to deliver error free environments faster? What could you do with your free time?
SYS-CON Events announced today that Hitrons Solutions will exhibit at the 19th International Cloud Expo, which will take place on November 1–3, 2016, at the Santa Clara Convention Center in Santa Clara, CA. Hitrons Solutions Inc. is distributor in the North American market for unique products and services of small and medium-size businesses, including cloud services and solutions, SEO marketing platforms, and mobile applications.
Smart Cities are here to stay, but for their promise to be delivered, the data they produce must not be put in new siloes. In his session at @ThingsExpo, Mathias Herberts, Co-founder and CTO of Cityzen Data, will deep dive into best practices that will ensure a successful smart city journey.
SYS-CON Events announced today that 910Telecom will exhibit at the 19th International Cloud Expo, which will take place on November 1–3, 2016, at the Santa Clara Convention Center in Santa Clara, CA. Housed in the classic Denver Gas & Electric Building, 910 15th St., 910Telecom is a carrier-neutral telecom hotel located in the heart of Denver. Adjacent to CenturyLink, AT&T, and Denver Main, 910Telecom offers connectivity to all major carriers, Internet service providers, Internet backbones and ...
SYS-CON Events announced today that eCube Systems, a leading provider of middleware modernization, integration, and management solutions, will exhibit at @DevOpsSummit at 19th International Cloud Expo, which will take place on November 1–3, 2016, at the Santa Clara Convention Center in Santa Clara, CA. eCube Systems offers a family of middleware evolution products and services that maximize return on technology investment by leveraging existing technical equity to meet evolving business needs. ...