INRIX to use ParkMe acquisition to expand smart parking services development
Terms of the deal have not been disclosed but INRIX said the acquisition would help it more rapidly deliver a comprehensive set of parking services, including finding, comparing, reserving, and paying for parking from a smartphone or vehicle.
ParkMe helps drivers 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. Its database includes more than 29 million spaces in 84,184 locations spanning 3,232 cities in 64 countries.
ParkMe will continue to operate from its office in Santa Monica, CA. The ParkMe brand and mobile applications will continue and there will be no service interruptions for existing ParkMe consumer and enterprise customers.
“For 10 years INRIX has been focused on analysing and facilitating the movement of vehicles around the world, and that includes avoiding congestion during a trip and at the drivers' destination. Over time, we've expanded our service to include real-time fuel price information, EV charging, even parking,” said Bryan Mistele, president and CEO of INRIX. “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, EV, 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.”