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

  • Saving the world, one parking space at a time
    December 7, 2020
    Donald Shoup, professor of urban planning at University of California, Los Angeles (UCLA), tells Adam Hill about why parking is too cheap – and how Monopoly could seriously raise its game
    Read More
  • Audi to implement automated parking in Boston area
    November 20, 2015
    Audi and the city of Somerville, in Boston, Massachusetts, metropolitan area, have signed a memorandum (MOU) of understanding to develop an urban strategy for Somerville, applying technologies for swarm intelligence or automated parking and networking cars with traffic lights. In the MOU, signed at the Smart City Expo World Congress in Barcelona, Mayor Josef A. Curtatone and Rupert Stadler, chairman of the executive board of Audi, agreed close cooperation and a focus on exchanging know-how and testing ne
    Read More
  • Jenoptik expands Asia-Pacific business
    January 31, 2013
    German optoelectronics group Jenoptik is expanding its business in the Asia-Pacific region with the acquisition of 100 per cent of Australian company DCD Systems, a provider of traffic safety technology based in Sydney and Melbourne. DCD was previously the sales and service partner for the Jenoptik Traffic Solutions division in Australia; Jenoptik has maintained a close working relationship with the company for more than 10 years. Within the framework of the acquisition DCD Systems will be integrated into t
    Read More
  • Here unveils latest real-time data services for automotive industry
    September 27, 2016
    Location mapping specialist Here is to introduce new vehicle-sourced data services for the auto industry, enabling drivers to access this view of the road through four services that provide information on traffic conditions, potential road hazards, traffic signage and on-street parking.
    Read More

Highlighted Content