BUILDING UPON THE SOLID FOUNDATION ESTABLISHED DURING HIS 3-YEAR TENURE AS COO, PARKER WILL LEAD CLEVERCITI AS CEO.

Cleverciti®, the leader in comprehensive, turn-by-turn parking guidance solutions both on-street and off-street, has promoted David Parker to Chief Executive Officer. Thomas Hohenacker, Cleverciti’s founder, will take a strategic role on the company’s board.

For the past 3 years, Parker has been leading the sales & marketing teams of Cleverciti as COO. During this time, Cleverciti has scaled significantly, particularly in the US and Germany, adding flagship clients including Redwood City (in the heart of Silicon Valley) and El Monte (a suburb of Los Angeles) in the US, and Cologne, Düsseldorf, Paderborn, and Gelsenkirchen in Germany.

“When I joined Cleverciti three years ago, I knew this company was positioned to lead the industry in the adoption of smart parking and intelligent parking guidance,” said Parker. “We have now proven we can halve parking search time while growing parking revenues and delivering an extraordinary citizen experience. Our customers can achieve a financial ROI in less than two years. Today, leading cities around the world are choosing Cleverciti.”

Parker’s CEO succession was in the making for the past few years: “When I asked David to join Cleverciti, I did so with the plan that he would eventually succeed me as CEO,” said Hohenacker. “With the transition complete, now I am able to shift my focus to key strategic topics as a member of the board.”

“Thomas is a visionary entrepreneur, developing and implementing the patents, AI sensor and unique smart parking guidance systems that are the core of Cleverciti. He had the foresight that parking-as-we-know-it had to change by providing precise data for drivers to save them valuable time and by enabling a powerful parking management system for operators,” said Parker. “Today, we have the top team, industry-leading product, and confidence of a strong customer base to realize his vision at a global scale.”

Parker came to Cleverciti from Cox Automotive where he served as COO of Modix, the leading global automotive digital marketing solution. At Modix, he led the expansion of the business across more than 60 countries. Throughout his career, he has held senior-level roles and advisory positions with a wide range of high-growth tech businesses with successful exits, including Dealer.com (sold to Dealertrack), Dealertrack (Sold to Cox Automotive), and BentoBox (sold to Fiserv). He holds MBAs from Columbia University and London Business School and a B.S. in Information Technology from Rensselaer Polytechnic Institute.

www.cleverciti.com