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

  • DriveCam funding for strategic acquisition
    March 23, 2012
    To continue funding rapid growth and market expansion, DriveCam has entered into a definitive agreement to raise US$85 million in investment capital from Welsh, Carson, Anderson & Stowe XI, (WCAS), a New York-based private equity firm.
    Read More
  • Mobile payment technologies for Australia
    October 11, 2016
    Contactless technology, the ability to tap your bank issued card or enabled mobile device to make a payment, has brought speed and simplicity to the in-store shopping experience. Doug Howe explains how innovations, like Contactless, in the mobile and banking industries have the potential to transform public transportation. Q Why is public transportation ripe for transformation? A Today, more than half the world’s population lives in cities; that’s a figure set to increase to 70% by 2050. International
    Read More
  • Rio’s commuters welcome contactless Visa application
    March 6, 2019
    Transit authorities could soon be seeing the benefits of contactless payments – without having to replace expensive turnstiles or terminals. That, at least, is what Visa is suggesting as the company launches its own secure access model (SAM), which is set to be put into service in Brazil. Metro Rio will be the first transit operator to launch contactless payments using the Visa SAM in late April. Visa and Planeta Informatica say the new technology “makes it easy for transit organisations and operators to
    Read More
  • Vaisala: Weather data is vital for connected vehicles
    August 26, 2016
    Vaisala’s Dr Kevin Petty explains why the weather will continue to play a big part in road safety and traffic management in the smart cities of the future. The world is becoming increasingly connected. Thanks to advances in information and communications technology, the cities we live in are becoming ‘smart’, with everything from education to law enforcement managed by integrated tech solutions in a bid to improve quality of life.
    Read More

Highlighted Content