ParkHub and JustPark Agree to Merge Alongside Strategic Growth Investment from FTV Capital and LLR Partners

March 21, 2024

 

 

ParkHub and JustPark Agree to Merge Alongside Strategic Growth Investment from FTV Capital and LLR Partners

 

 

 

  • Leading US parking solutions provider, ParkHub, and one of the UK’s leading app-based parking platforms, JustPark, agree to merge.
  • Together, ParkHub and JustPark currently serve more than 20 million drivers and over 500 B2B customers, representing $1 billion+ in booking volume.
  • Combination of leading parking technology and payments providers creates robust end-to-end platform to serve entire parking ecosystem in North America and the United Kingdom.
  • This growth acquisition is backed by FTV Capital and existing investor, LLR Partners.

DALLAS and LONDON – March 21, 2024 – ParkHub, a leading North American provider of parking management software and payments solutions, today announced an agreement to combine businesses with JustPark, one of the UK’s leading app-based parking reservations technology and payments platforms. The combination creates a full-service parking software and payments solution for customers across North America and the United Kingdom. As part of this transaction, ParkHub secured a strategic growth investment led by FTV Capital with participation from existing investor LLR Partners.

“After 18 years at the forefront of transforming parking experiences for millions, our merger with ParkHub catapults JustPark to new heights,” said Anthony Eskinazi, founder and CEO of JustPark. “Our dedication to improving the parking experience for drivers continues, and with our cutting-edge technology and unrivalled support, we’re set to revolutionize parking for our customers and partners both here in the UK, and now also in North America.”

ParkHub provides a complete parking technology ecosystem to optimize revenue-driven parking operations, including facilitating payments and delivering real-time business insights for parking operators and venue management companies across North America, serving some of the largest sports and entertainment venues, universities, municipalities and commercial asset holders. JustPark will continue to leverage its technology to facilitate an online marketplace in the UK by matching drivers with available parking spaces and monetizing unused parking capacity. Together, ParkHub and JustPark currently serve more than 20 million drivers and more than 500 B2B customers, representing $1 billion+ in booking volume. JustPark’s Eskinazi will continue to lead the UK business.

“We are excited to invest in JustPark’s vision to provide the world’s best parking experiences and look forward to leveraging the combined company’s capabilities for our marquee customers across North America and the UK,” said Jeff Shanahan, CEO at ParkHub. “Having successfully worked with FTV in the past, I’m confident that their track record and extensive expertise within the vertical software and payments space make them the ultimate value-add partner to complement LLR as we chart this next phase of growth.”

The accelerating transition from cash to digital payments and growing adoption of prepaid parking has precipitated a need for an end-to-end platform that helps high-velocity parking facilities more efficiently manage their parking operations. Adding to this momentum, primary ticketing vendors are increasingly relying on partnerships with prepaid parking providers for on- and off-venue parking to help improve ingress and effectively manage parking reservations. With this acquisition, we believe that ParkHub is well positioned to capitalize on these industry tailwinds by leveraging JustPark’s parking reservations and mobile payments capabilities.

“Both ParkHub and JustPark stand out as category-leading vertical SaaS and payments platforms in their respective markets, and we’re excited to help these two complementary, yet distinct, offerings come together and accelerate growth in the expansive parking software and payments market,” said Kyle Griswold, partner at FTV Capital. “We’re also thrilled for the opportunity to once again partner with both Jeff and LLR. Jeff has been a leader at several successful FTV portfolio companies and has extensive experience growing and scaling vertical software and payments companies.”

“We are thrilled to announce our combination with JustPark, and to partner with Anthony and the entire JustPark team. Together, we will continue to provide our customers and partners with industry leading parking software and payment solutions,” said Ryan Goldenberg, partner at LLR Partners. “In addition, we welcome FTV Capital to ParkHub’s board of directors and look forward to a successful strategic partnership.”

As part of this growth investment, Kyle Griswold and Adam Hallquist, principal at FTV Capital, joined ParkHub’s board of directors.

About ParkHub

ParkHub is the leading integrating software, payments, and data insights provider for the North American market. ParkHub solutions include multiple payment options, real-time operational data, robust performance analytics, dynamic pricing, and is the industry leader in seamless integrations with the nation’s renowned ticketing and parking reservation providers. For more information, visit ParkHub.com.

About JustPark

JustPark, established in 2006, is the UK’s favorite parking app, parking a car every 2 seconds. With 13 million drivers and more than 250,000 spaces – including 50,000 residential spaces and some of the UK’s biggest councils and car parking companies, JustPark markets and monetizes both unused driveways and car park capacity, benefitting drivers and creating revenue for space owners. Their investors include Index Ventures, LocalGlobe, Itochu and 10,000 retail investors via Crowdfunding.

About FTV Capital

FTV Capital is a sector-focused growth equity investment firm that has raised $6.2 billion to invest in high-growth companies offering a range of innovative solutions in three sectors: enterprise technology and services, financial services, and payments and transaction processing. FTV’s experienced team leverages its domain expertise and proven track record in each of these sectors to help motivated management teams accelerate growth. FTV also provides companies with access to its Global Partner Network®, a group of the world’s leading enterprises and executives who have helped FTV portfolio companies for two decades. Founded in 1998, FTV Capital has invested in 140 portfolio companies, including BillingPlatform, EBANX, Kore.ai, LoanPro, Ottimate, ReliaQuest, True Potential and Vagaro, and successfully exited/partially exited companies including CardConnect (acquired by First Data), Enfusion (NYSE: ENFN), Globant (NYSE: GLOB), InvestCloud (recapitalized), RapidRatings (recapitalized), Strata Fund Solutions (acquired by Alter Domus), Vpay (acquired by Optum) and WorldFirst (acquired by Ant Financial). FTV has offices in San Francisco, New York, Connecticut and London. For more information, please visit www.ftvcapital.com and follow the firm on LinkedIn.

About LLR Partners

LLR Partners is a private equity firm investing in technology and healthcare businesses. We collaborate with our portfolio companies to identify and execute on key growth initiatives and help create long-term value. Founded in 1999 and with more than $6 billion raised across seven funds, LLR is a flexible provider of equity capital for growth, recapitalizations and buyouts. Learn more at www.llrpartners.com and follow the firm on LinkedIn.

PayByCar Launches Off-Street Parking Pilot in Four States across the United States

March 20, 2024

 

 

 

 

PayByCar Launches Off-Street Parking Pilot in Four States across the United States

 

 

Company seeking next financing round to continue expansion

 

Boston, MA. PayByCar, Inc., the mobile payments company responsible for providing pay-by-text payments for in-vehicle fueling payments, along with the help of “Driven by E-ZPass™”, continues expansion into the off-street parking industry where the technology will be tested in at least four states in the United States throughout 2024. 

 

“PayByCar enables millions of drivers with an E-ZPass transponder to effortlessly park and pay without the need for cumbersome cash transactions, scanning QR codes, inserting tickets, or paying with phone apps, which not only optimizes convenience and efficiency but also addresses the increasing demand for more efficient contactless payment solutions,” said Anand Raman, President and Chief Operating Officer of PayByCar.

 

The company is currently testing its payments management platform for drivers in several major markets in the Eastern United States rolling out pilot projects at commercial parking locations and transportation centers. The company is looking to reshape the parking experience for garage owners, operators, and customers with continued investor partnerships. 

Following PayByCar’s innovative implementation of mobile payments technology responsible for providing pay-by-text payments at gas stations across Massachusetts, the company has made waves in the fintech and fueling industry following successful partnerships with organizations like the 19-state E-ZPass Group, Alltown Mobil, and others. 

“The upcoming financing round will support PayByCar’s rapid expansion throughout the East Coast this next 12 months to hundreds of additional fueling stations and parking facilities, and to accelerate our growth in consumer membership to upwards of a million people,” Raman said. 

By simplifying the on-arrival ticketing & subsequent payment experience, PayByCar can dramatically improve traffic flow during peak times, improving customer satisfaction by eliminating logjams that often occur when multiple vehicles leave a parking garage simultaneously. Over time PayByCar expects the impact on through-put in event parking to be every bit as dramatic as electronic tolling has been in eliminating long toll lines on highways.

 

With the trend towards frictionless, contactless payments, the company’s payment orchestration platform has the potential to simplify the overall parking experience for drivers while increasing authorizations and minimizing lost revenue for parking operators.

 

PayByCar is currently available for use in select gas stations throughout Massachusetts where it has proven its technology streamlines the overall gas purchase experience. The technology offers users a secure and convenient pay-by-text mobile payment method for gas purchases.

To learn more about PayByCar and how it can streamline parking operations while boosting customer satisfaction, interested parties can visit https://www.mypaybycar.com or contact David Clark at dclark@mypaybycar.com


HONK Brings Contactless Parking Payments to Bend, Oregon

March 20, 2024

 

HONK Brings Contactless Parking Payments to Bend, Oregon

 

 

BEND, OR, March 20, 2024 – HONK, North America’s leading provider of contactless payments for parking, announced today that it has partnered with Bend, Oregon to implement a new software-based contactless parking solution in Bend’s buzzing Downtown. Starting immediately, the contactless service allows residents and visitors to pay for parking through HONK’s mobile app with just a few taps on their smartphone.

“This new partnership demonstrates a shared commitment to making city parking in Bend more accessible and user-friendly,” said HONK Founder and CEO Michael Back. “The initiative will greatly enhance urban mobility.”

HONK’s app is designed for convenience and safety, offering drivers a seamless payment experience. There are built-in options to receive text notifications when parking is set to expire, and to easily extend parking time via mobile. All forms of payment are accepted, including Apple Pay, Google Pay, PayPal, and all major credit cards.

“The City of Bend is proud to embrace HONK’s innovative parking technology, which is already improving the lives of our residents and visitors,” said Tobias Marx, Parking Services Division Manager, Bend, Oregon. “Not only is parking easier for everyone, but our city is becoming increasingly more efficient and connected.”

www.honkmobile.com/press-release/honk-brings-contactless-parking-payments-to-bend-oregon/

TagMaster NA: Elevating Airport Operations with LPR & GTMS at Colorado Springs Airport

March 19, 2024

 

TagMaster NA: Elevating Airport Operations with LPR & GTMS at Colorado Springs Airport

 

 

 

Tacoma, WA  – Industry leader TagMaster North America, Inc. (TMNA), announces the successful implementation of their Ground Transportation Management System (GTMS) software TrackFlow and CT-45 License Plate Recognition (LPR) cameras for vehicle identification and management with Colorado Springs Airport (COS). TrackFlow is TMNA’s management software specifically designed for the identification and access control of commercial vehicles and in conjunction with the CT-45 LPR cameras has been a pivotal contribution to maximizing revenue from commercial vehicles and collecting data for COS. This forward thinking initiative marks a significant advancement in airport operations, enhancing efficiency, security and maximizing revenue generation.

Responding to the evolving needs of modern travel, Colorado Springs Airport sought a comprehensive GTMS provider that could streamline operations while maximizing revenue capture from the commercial vehicle’s services, including taxis, shuttle buses, and Limos.  With a focus on highly secure vehicle identification using LPR, and real-time data insights, COS chose TagMaster NA to deploy their TrackFlow software and LPR to provide vehicle identification. This collaboration between COS and TMNA shows the dedication to using cutting-edge technologies to embrace the evolving needs of airports, travelers, taxis and data collection.

Key Features of the new solution include monitoring and tracking of vehicles in real time with unique identifiers like license plates ensure compliance with taxi companies and accurate revenue calculation. TMNA’s GTMS solution allows performance metrics, management of vendor’s data, violations monitoring, individual performance evaluation, and fleet data visible to the airport. Ethernet powered field devices and controllers minimize installation complexity and significantly lower the total cost of ownership of the system. Advanced search functionality for license plates, vehicles and companies enables COS to rapidly identify active and inactive vehicles. The automated alerting capabilities for unauthorized vehicle entry and overall system’s health enhance the security and operational efficiency of the airport.

The deployment of TMNA’s CT-45 LPR camera and TrackFlow GTMS software represents a leap forward for Colorado Springs Airport. By leveraging the power of TMNA’s industry leading LPR technology, the airport ensures accurate and reliable vehicle identification mitigating issues associated with the previous solution deployed. With TMNA’s TrackFlow and LPR solutions, COS is poised to set new standards of excellence in airport ground transportation management.

TagMaster North America, Inc. is a leading provider of Intelligent Identification solutions across many different markets and verticals, offering dual technologies including Software Solutions for Airport Ground Transportation Management, long-range Radio Frequency Identification (RFID) and License Plate Recognition (LPR). TagMaster NA addresses a wide range of challenges in the parking, rail bound, access, industrial and security industries with 25 years of experience and technical knowledge. The diverse family of hardware and software solutions ensures maximum adaptability and versatility. sales@TagMasterNA.com  | P: 866-615-5299

Colorado Springs Airport (COS) is a vital transportation hub serving the Pikes Peak region and beyond. With a commitment to excellence in customer service, safety, and sustainability, COS provides passengers with a seamless travel experience characterized by modern facilities, efficient operations, and a welcoming atmosphere. As the second-largest commercial airport in Colorado, COS plays a significant role in supporting economic growth, tourism, and connectivity in the region. Whether traveling for business or leisure, passengers can rely on COS to deliver exceptional service and convenience every step of the way. For more information, visit https://coloradosprings.gov/.

Elite Parking Solutions Kicks Off 2024 with Franchise Launch

March 18, 2024

Elite Parking Solutions Kicks Off 2024 with Franchise Launch

 

 

The company is seeking to partner with like-minded entrepreneurs across the United States to start a professional valet franchise in their area.

 

 

FARMINGTON HILLS, MICHIGAN — Elite Parking Solutions, a cutting-edge valet and traffic management company taking customer service to the next level, has just announced its nationwide franchise opportunity.

The company is led by Richard Abbo, Justine Abbo, and Cal Abbo, a father-daughter-son group. Richard Abbo founded the brand in 1988.

“The world of valet is becoming increasingly corporate and impersonal. We have noticed over the past years, as this process took shape, that customers are losing the valuable service that once made valet an honorable industry in favor of cutting costs,” Cal Abbo commented with regard to the company’s decision to franchise. “In addition, valet attendants and supervisors deserve the opportunity to take ownership in this industry. Our team has decades of experience and is well-designed to build small-to-medium-sized valet companies anywhere in the country.”

The company is hoping to give young entrepreneurs a simple-to-operate business that offers low-start up costs and unlimited growth potential. Franchise partners who are awarded the opportunity will work with a diverse client base that includes hospitality hotspots like country clubs, hotels, shopping malls, hospitals, and more. In addition, they will tap into the lucrative field of traffic and parking management, with the ability to earn and execute large contracts, as well as the niche of private events, which is Elite’s specialty.

Elite Parking Solutions begins its estimated investment costs below $50K. All ongoing support, marketing guidance, operational procedures, and training is included with the franchise.

“Elite offers a low-cost alternative to most other franchise opportunities and a way for workers in the industry to tap into decades of successes and failures without having to spend so many years trying it on their own,” stated Cal Abbo. “Also, it’s a flexible way to earn a good income for you or your family while escaping the 9-5 corporate world. Within our system, you can be your own boss, and your success depends on your work ethic and dedication.”

Currently based out of Michigan, Elite Parking Solutions wants to continue expanding in its home state and the Midwest where the leadership team can provide ample support. The team added, however, that Elite Parking is open to finding partners in any territory throughout the U.S.

To learn more about Elite Parking Solutions and to have a conversation with the team, visit www.eliteparkingsolutionsfranchising.com.

 

About Elite Parking Solutions
Elite Parking Solutions is elevating the valet experience through seamless processes and convenient solutions. The company works with any size event or private function and is also available as a permanent valet. To learn more about Elite Parking Solutions, visit www.eliteparkingsolutions.com. For franchise information, visit www.eliteparkingsolutionsfranchising.com.

Cal Abbo
Elite Parking Solutions
email us here

Propark Mobility Appoints Scott Gladney to Senior Vice President of Operations of the Mountain Region

March 18, 2024

 

 

 

Propark Mobility Appoints Scott Gladney to Senior Vice President of Operations of the Mountain Region

 

 

 

Denver, Colorado – Propark Mobility announced today that Scott Gladney has been brought on to serve as the company’s Senior Vice President of Operations for the company’s Mountain Region.

“Scott Gladney has spent 19 years building an impeccable reputation for himself in the hospitality industry,” said JohnReimers, Propark’s Chief Operating Officer. “He is an absolutely ideal fit with Propark’s premium service delivery model, in which we aspire to always connect with our guests, through thoughtful interactions that oftentimes surprise and delight.”

As a hospitality professional with nearly two decades of industry experience and an MBA in Strategic Business Analytics, Scott most recently served as General Manager for Sage Hospitality Group, where he prided himself on driving hospitality operations successes through creating memorable guest satisfaction experiences and building a culture of leadership that transcended hospitality. Holding positions of General Manager and Regional Manager over his career, his brand operations leadership experience has resulted in steady hotel financial improvement and further opened doors for Scott to share his passion for hospitality with others. Scott imparted his wisdom by teaching and mentoring students as an Affiliate Professor of Hospitality at Metropolitan State University of Denver’s School ofHospitality for more than six years, inspiring the next generation of hospitality service professionals.

“Not only is Scott an expert in the hospitality side of operations and creating memorable guest experiences, but he alsobrings a background in strategic business analytics,” said David Schmid, Propark’s Chief Executive Officer. “He has a proven track record of success when it comes to consistent financial growth of assets under his management, productive client relations, and effective, modernized project management. We look forward to seeing his success in action at Propark.”

In this role, Scott will be responsible for the successful management of Propark’s client relationships, organizationalgrowth and development, acquisitions, customer retention, and successful client financial performance across all verticals in the Mountain Region.

About Propark Mobility

Propark Mobility is a national, innovation-driven parking management company that provides full-service parking andmobility services for over 1,000 hospitality, healthcare, commercial, and off-airport locations in over 140 cities across the United States. For more information, please visit www.propark.com.

Enforcement Associates Announces North American Accreditation Program for Private Compliance Providers at PIE 2024

March 12, 2024

Enforcement Associates Announces North American Accreditation Program for Private Compliance Providers at PIE 2024

 

 

Schaumburg, Illinois:  In an effort to bring consistency and standardization to a largely unregulated private parking compliance industry, Enforcement Associates announced today the launch of ParkCert.Org. ParkCert.Org will provide the stage from which the industry can move forward as a fully self-regulated and policing entity that values both consumer rights and private property rights.

All members will be subject to a complete compliance program review before accreditation is granted, which will include posting of clear and concise signage, compliance with all state & local laws, adherence to a professional Code of Conduct, and provision of an independent appeals process. Continuing membership will be subject to continuing education, onsite visits, signage review, dispute process audits, and investigation of consumer complaints.

“We look forward to making this the premier organization representing both the private compliance industry and its patrons.” says Craig Bagdon of Enforcement Associates. “With this unified voice we can bring attention to this largely misunderstood industry and aid regulators in drafting common sense legislation that benefits all.”

Craig Bagdon, President

Enforcement Associates

(509) 999-6313

craig@enforcementassociates.com

Parking Industry Media Pioneer, Parking Today, Welcomes New Ownership

March 12, 2024

 

 

 

Parking Industry Media Pioneer, Parking Today,

Welcomes New Ownership

 

 

Parking Today Media, the leading parking industry media company, announces a change in ownership. Kevin Uhlenhaker has purchased the company and its related outlets from founder John Van Horn.

Founded by Van Horn in 1996, Parking Today has grown to become the largest parking media company in the industry, with over 14,000 print issues delivered each month plus more than 15,000 unique visits to its digital assets, including Parknews.biz, its parking news aggregator.

“I am pleased and excited to have chosen Kevin as my successor here at Parking Today,” said Van Horn. “He brings fresh perspective, relationships and skills to accelerate Parking Today’s scope and impact. His background in entrepreneurship and parking technology will go far in jumpstarting Parking Today expansion into new offerings and markets.”

“John and his team have created the leading voice of the parking industry and I look forward to working with them to continue Parking Today’s growth with the resources to bring new avenues of spreading parking-focused news both in the US and internationally,” said Uhlenhaker. “I’m excited to build on the robust foundation and strengthen the Parking Today core suite of products for today’s parking professionals. Key to that will be prioritizing the voice of our customers and ensuring we are exceeding their expectations.”

A graduate of Texas Tech’s Rawls College of Business, Uhlenhaker began his career in parking technology at T2 Systems. He was the co-founder and CEO of NuPark, served as the CEO of Omnipark, and most recently was a Senior Vice President at Flash. He brings over two decades of experience in the parking industry. He lives in Austin, Texas.

Prior to founding Parking Today, Van Horn’s tenure has covered both sales and publishing, having led the sales team at a major PARCS company and edited a country weekly newspaper. He will remain involved in the business in a consulting function.

“It’s a testament to John’s commitment to Parking Today to remain as Editor Emeritus, which will help me continue the legacy that has made Parking Today a legend in our industry,” noted Uhlenhaker. “I am thrilled to join Parking Today as CEO and Publisher, and begin working closely with the team and valued customers.”

Contacts:

Kevin Uhlenhaker                                                                   John Van Horn

kevin@parkingtoday.com                                                jvh@parkingtoday.com

512 786 2886                                                                            310 625 5724

Shirley Rodriguez Promoted to CEO by ZipBy North America

March 11, 2024

 

 

 

Shirley Rodriguez Promoted to CEO by ZipBy North America

 

 

 

POMPANO BEACH, FLORIDA  – ZipBy North America, a global leader in parking technology, today announced the promotion of ShirleyRodriguez to the position of CEO North America.

In this new capacity, Shirley will be responsible for managing the overall operations, driving the team and resources toward strategic goals, and directing the company’s overall growth.

“Shirley has been a key part of our growth and success, and we are thrilled to promote her to this important leadership position. Shirley’s vision and leadership have been and will be an asset in the years to come that will allow us to provide our customers with the high-quality products and services they deserve while enabling us to achieve our goals for growth,” said Anthony Karam, Global CEO of TMA Group. “This promotion will see ZipBy North America become a true standalone business unit for the TMA group of companies.

“Shirley joined the company in 2011 and quickly rose to several management positions. During that time, Shirley has been credited with a variety of important accomplishments, including NPA 40 under 40 and the award for Innovation in Parking and Programs from the Canadian Parking Association.

In 2023 Shirley became a “Paul Harris fellow,” being awarded the highest award in the RotaryInternational world, with a Paul Harris Award given by the Rotary Club of Vancouver Fraserview for her work in the Community, raising funds and sponsoring Rotary fundraising.

Under Shirley’s leadership, ZipBy has contributed to the communities in which they conduct business, sponsoring various community initiatives: the airshow, Vancouver’s Bard on the Beach, Children’s theatre, and most recently, devised and implemented a customer give-back promotion that hasseen donations to the Greater Vancouver Foodbank of over $13,000. Shirley received an Electronics Engineering Degree from Los Andes University in Colombia and an MBA and MEM from theUniversity of Technology in Sydney, Australia.

About ZipBy

ZipBy is the only parking technology globally that offers a combination of On-Street, Off-Street, andSurface Lot parking, all in one mobile opp. The ZipBy opp becomes the parking meter. ZipBy isheadquartered in Sydney, Australia, with offices in North America.

Passport shakes up C-suite as Charlotte tech company plans for more growth

March 07, 2024

 

Passport shakes up C-suite as Charlotte tech company plans for more growth

 

Written by Symone Graham, Staff Writer for Charlotte Business Journal. Originally posted to Charlotte Business Journal on Mar. 6, 2024.

Passport has made more changes to its leadership team as the Charlotte company gears up for growth.

Passport, a software company specializing in mobile payments for transportation, has named co-founder Khristian Gutierrez its new CEO. He returns to Passport after departing in 2021 from his role there as chief revenue officer, a position he held for a decade. Gutierrez replaces Brian Mooney, who has served as Passport’s interim CEO and a member of its board of directors since 2019.

Bob Youakim, Passport’s other co-founder and former CEO, will also take on a new role. He has transitioned from board chair to executive chairman. In that position, he will leverage his background to assist in the company’s growth, new market opportunities and innovation efforts.

Gutierrez said their return to operational roles at the company was fueled by their vision to sustain the legacy and future of Passport.

“As co-founders, Bob and I have a deep-rooted connection to Passport, and in this pivotal time of growth within the industry and the company, we are stepping back into operational roles to navigate through this new chapter,” Gutierrez told CBJ.

Prior to returning to Passport, Gutierrez served as CEO of Charlotte public-safety software company CivicEye. The startup, which launched in January 2022, aims to modernize law enforcement and prosecution agencies’ old-fashioned data infrastructure.

Gutierrez is now serving in an advisory role at CivicEye, where he will still be able to support the company’s goals and growth. Joshua South, formerly head of operations at CivicEye, was named president, he said.

“This shift allows me to dedicate the necessary focus to Passport while still contributing to CivicEye’s mission and success,” Gutierrez said.

The transition follows multiple changes made previously to Passport’s executive team. In February 2022, the company named Sathish Gaddipati as its chief technology officer, replacing Brad Powers who was CTO at Passport for a decade. Powers transitioned that year to chief innovation officer, which was a new position for the company.

Then in September 2021, the firm hired Doug Rogers as chief revenue officer, replacing Gutierrez. The company also named Vanna Krantz, a former Disney executive, as its chief financial officer that year, replacing Hunter Louis.

Established in 2010, Passport works in parking enforcement, payments and permitting. Micromobility, with e-scooters and bicycles, is another focus.

The leadership shakeup comes as Passport has recognized mobile parking is now more popular in cities, however, enforcement continues to be a major challenge. Passport’s curb management platform allows for cities to gather evidence, issue warnings and citations, and strengthen revenue recovery.

The company is looking to deepen its innovation in the space to meet the increased demand of its technology. Passport’s data also found that nearly 86% of 2023 citations were settled online, signaling the advantages of mobile parking payment methods.

“In this time of transformation, our resolve is stronger than ever to support cities and private operators as they navigate the intricacies of curb management,” Gutierrez said.

Passport works with more than 800 clients across North America and has supported more than 5,000 locations. It has over 150 employees.

Gutierrez said the company is working toward strengthening its client partnerships and focusing on developing new tools that align with its mission.

“We’re building on the strong momentum we’ve established, aiming to lead the way in creating sustainable, efficient and user-friendly urban ecosystems,” he said.

www.passportinc.com/blog/passport-shakes-up-c-suite-as-charlotte-tech-company-plans-for-more-growth/

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