Kapsch TrafficCom has expanded its presence into the US Silicon Valley and acquired controlling ownership of California-based smart parking solutions provider Streetline.
Streetline is a major provider of real-time parking data, analytics and other smart transportation applications to more than 30 cities, universities and corporate campuses in North America and Europe.
Kapsch says it will integrate Streetline’s smart parking applications and data analytics with Kapsch’s intelligent transportation sy
Streetline is a major provider of real-time parking data, analytics and other smart transportation applications to more than 30 cities, universities and corporate campuses in North America and Europe.
Kapsch says it will integrate Streetline’s smart parking applications and data analytics with Kapsch’s intelligent transportation system (ITS) and electronic toll collection (ETC) and traffic management solutions (TMS) to provide motorists with a better end-to-end transportation experience.
“Transportation’s future is about enabling exceptional user experiences with intelligent mobility solutions,” said Georg Kapsch, CEO of Kapsch TrafficCom, adding, “Streetline’s industry-leading smart parking solutions are an ideal complement to Kapsch TrafficCom’s electronic toll collection and traffic management solutions introducing ‘whole trip’ efficiencies.”
“Streetline opens up new customer opportunities for Kapsch and offers smart parking solutions that assist motorists in finding available parking that best suits their needs,” said Manny Krakaris, president and CEO of Streetline.
