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

  • Beat the Traffic in line for top award
    May 11, 2012
    Beat the Traffic has been selected as a finalist for Red Herring's Top 100 Americas award, a prestigious list honouring the year's most promising private technology ventures from the North American business region. Finalists for the 2012 edition of the Red Herring 100 Americas award are selected based upon their technological innovation, management strength, market size, investor record, customer acquisition, and financial health. During the several months leading up to the announcement, hundreds of compani
    Read More
  • Car-sharing service membership will grow to 26 million worldwide in 2020
    November 30, 2015
    According to a new research report by Berg Insight, the number of users of car-sharing services worldwide is forecasted to grow from 6.5 million people in 2015 at a compound annual growth rate (CAGR) of 32.0 per cent to reach 26.0 million people in 2020. Berg Insight forecasts that the number of cars used for car-sharing services will grow at a compound annual growth rate of 29.6 per cent from 123,000 at the end of 2015 to 450,000 at the end of 2020. Car-sharing is one of many car-based mobility service
    Read More
  • Autonomous vehicles, the pros and cons
    November 21, 2013
    Driver interface and human factors could provide the biggest obstacles to autonomous vehicles as Jon Masters discovers.
    Read More
  • Big wheels keep on turnin’
    August 21, 2018
    Many of the great and the good in the global mobility sector gathered at this year’s Movin’ On event in Montreal. Measured regulation of technologies and safety issues were major themes, reports David Arminas. *Bibendum is the original name for the Michelin Man, the symbol of the Michelin tyre company Autonomous vehicles, platooning, smart intersections and safety – these were the talking points over two-and-a-half days of the Movin’ On event in Montreal, Canada. Everyone in the mobility sector is at the
    Read More

Highlighted Content