Inrix expands into smart parking with acquisition of ParkMe

163 Inrix is accelerating its development of smart parking services with the acquisition of 6114 ParkMe, a 622 Santa Monica, California company that helps drives find parking, make reservations and mobile payments worldwide.

According to Inrix, the acquisition expands its data aggregation and industry expertise, enabling it to more rapidly deliver a comprehensive set of parking services, including locating, comparing, reserving and paying for parking from a smartphone or vehicle. The acquisition also expands the parking services it offers to 2125 Audi, 1731 BMW and 4349 Lexus, among others.

Bryan Mistele, president and CEO of Inrix, said, “Today, ParkMe and Inrix become one company. Fuelled by a talented staff and an unrivalled set of breakthrough technologies, together we provide customers with the best source of driving intelligence in all its forms – traffic, fuel, electric vehicles, inter-modal navigation and parking worldwide.”

“Our mission has always been to make parking easier, faster and less expensive for consumers,” said, Sam Friedman, Co-Founder and CEO of ParkMe. “By joining Inrix, we can achieve that vision faster than we could have on our own.”

ParkMe Co-Founder and COO Alex Israel added, “We are excited that becoming part of Inrix gives us the opportunity to work with some of the world’s leading automotive companies as we provide our services to millions of users around the world.”

ParkMe has built the world’s most comprehensive parking database that includes more than 29 million spaces in 84,184 locations spanning 3,232 cities in 64 countries. ParkMe provides drivers with the ability to find on- and off-street parking, reserve a space as well as pay for parking either through a mobile app or directly from the owner’s vehicle. The company’s products join a rapidly growing suite of Inrix services that help drivers fight congestion, simplify navigation, find fuel and travel safely.