Spanish telecommunications provider Telefónica and US-headquartered smart parking solutions supplier Streetline have joined forces to offer telematics-enabled smart parking services that allow cities to optimise parking management, while reducing vehicle traffic. The companies have reached an agreement to jointly market M2M (machine to machine) products designed to target the growing smart parking market, initially in Europe and Latin America. The solution will be part of the Telefónica Smart City platform
Spanish telecommunications provider 6883 Telefónica and US-headquartered smart parking solutions supplier 579 Streetline have joined forces to offer telematics-enabled smart parking services that allow cities to optimise parking management, while reducing vehicle traffic.
The companies have reached an agreement to jointly market M2M (machine to machine) products designed to target the growing smart parking market, initially in Europe and Latin America.
The solution will be part of the Telefónica Smart City platform strategy and integrated with other initiatives such as mobile payments. The joint product suite will also include applications that enable drivers to find empty parking slots, software to enable municipalities to manage parking facilities, mobile applications to guide enforcement, and off-street parking management tools.
Streetline will provide smart parking services, applications, and technical support, while Telefónica will contribute with its M2M platforms, financial services, commercial network, including pre- and post-sales support, and customer care. All services will be deployed over the global networks of Telefónica.
“This innovative partnership with Telefonica represents the next step in the evolution of the global smart parking market,” said Zia Yusuf, president and CEO of Streetline. “The demand for smart parking solutions around the globe only continues to grow. Together, we will leverage Streetline’s market-leading products and Telefónica’s strong commercial capabilities to deliver valuable solutions for municipalities, universities, and private operators alike.”
The companies have reached an agreement to jointly market M2M (machine to machine) products designed to target the growing smart parking market, initially in Europe and Latin America.
The solution will be part of the Telefónica Smart City platform strategy and integrated with other initiatives such as mobile payments. The joint product suite will also include applications that enable drivers to find empty parking slots, software to enable municipalities to manage parking facilities, mobile applications to guide enforcement, and off-street parking management tools.
Streetline will provide smart parking services, applications, and technical support, while Telefónica will contribute with its M2M platforms, financial services, commercial network, including pre- and post-sales support, and customer care. All services will be deployed over the global networks of Telefónica.
“This innovative partnership with Telefonica represents the next step in the evolution of the global smart parking market,” said Zia Yusuf, president and CEO of Streetline. “The demand for smart parking solutions around the globe only continues to grow. Together, we will leverage Streetline’s market-leading products and Telefónica’s strong commercial capabilities to deliver valuable solutions for municipalities, universities, and private operators alike.”
