Inrix expands into smart parking with acquisition of ParkMe

Inrix is accelerating its development of smart parking services with the acquisition of ParkMe, a 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 par
September 10, 2015 Read time: 2 mins
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.
Parking & Access Control

For more information on companies in this article

Related Content

  • Need for real-time traffic information systems on the rise
    March 11, 2015
    New analysis from Frost & Sullivan, Strategic Analysis of Real-time Traffic Information Market in Europe and North America, finds that the number of real-time traffic information subscribers in North America stood at 1.9 million units in 2014 and estimates this to reach 14.2 million in 2021. In Europe, the number is expected to go up from 2.2 million in 2014 to 10.2 million in 2021. With traffic expanding at three times the rate of the economy, the research says the need for intelligent systems like real-ti
    Read More
  • Nokia builds comms network for the smart, super-connected highway
    March 6, 2025
    The challenges are clear, but operators are embracing digitalisation and automation as they work to transform the highway landscape
    Read More
  • Optibus moves into info with Trillium
    April 12, 2022
    Route and roster planner gets into passenger info management with SaaS firm buy
    Read More
  • Kapsch TrafficCom expands into smart parking
    April 17, 2015
    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
    Read More

Highlighted Content