Category Archives for: parking garages

SolarEdge Acquires Wevo Energy, EV Charging Optimization and Management Software Startup

April 04, 2024

SolarEdge Acquires Wevo Energy, EV Charging Optimization and Management Software Startup

 

 

MILPITAS, Calif.—-Apr 4, 2024– SolarEdge Technologies, Inc. (“SolarEdge”) (NASDAQ: SEDG), a global leader in smart energy technology, today announced that it completed the acquisition of the entire share capital of Wevo Energy Ltd. (“Wevo”). Wevo is a software startup specializing in EV charging optimization and management for sites with large quantities of EV chargers such as apartment buildings, workplace carparks and public charging locations.

 

Wevo’s software is designed to be vendor agnostic and supports industry leading open protocols, enabling multi-user pricing and billing, tiered prioritization of charging schedules, predictive load management, and a range of additional services. To date, Wevo has electrified many thousands of parking spaces across North America, Europe and the Middle East. Wevo is already integrated with SolarEdge’s EV chargers, solar inverters and meters, for a holistic real-time view of solar production, grid consumption and EV charging.

The Wevo solution will also be part of the SolarEdge ONE energy optimization system for the Commercial and Industrial (C&I) segment, designed to offer SolarEdge customers a single energy optimization solution that orchestrates and integrates between on-site solar generation, battery storage and large-scale EV charging.

Zvi Lando, CEO, SolarEdge Technologies, said: “This acquisition represents the continuation of SolarEdge’s strategy to enhance its software portfolio for the C&I segment. We are excited for Wevo to join the SolarEdge team following our initial investment and the impressive progress it has demonstrated over the past year. As the EV market continues to grow, distributed renewable energy will be key to unlocking the full potential of the electrification of mobility. Wevo’s software capabilities and know-how represent a building block for EV-attached solar, and today it becomes a part of SolarEdge’s energy ecosystem.”

Teddy Flatau, CEO, Wevo Energy, said: “Wevo’s mission is to make EV charging accessible by electrifying every parking space. As a subsidiary of SolarEdge, we will be able to develop a combined solution, offering a seamless experience for EV drivers by optimizing charging with clean, solar-powered energy and maximizing cost savings. This will allow a significant step forward to achieving a low-carbon future.”

About SolarEdge

SolarEdge is a global leader in smart energy technology. By leveraging world-class engineering capabilities and with a relentless focus on innovation, SolarEdge creates smart energy solutions that power our lives and drive future progress. SolarEdge developed an intelligent inverter solution that changed the way power is harvested and managed in photovoltaic (PV) systems. The SolarEdge DC optimized inverter seeks to maximize power generation while lowering the cost of energy produced by the PV system. Continuing to advance smart energy, SolarEdge addresses a broad range of energy market segments through its PV, storage, EV charging, batteries, and grid services solutions. Visit us at: solaredge.com

About Wevo Energy

Wevo Energy was founded in 2021 to bring simple, efficient, and cost-effective EV charging to the most energy-demanding environments. Since then, it has developed AI-powered, energy management software capabilities that are already electrifying thousands of parking spaces globally. For more information about Wevo Energy and its EV charging platform, please visit www.wevo.energy.

 

 

LAZ PARKING PURCHASES SEATTLE-BASED INTERNATIONAL PARKING MANAGEMENT, INC. (IPM)

April 04, 2024

 

 

 

LAZ PARKING PURCHASES SEATTLE-BASED INTERNATIONAL PARKING MANAGEMENT, INC. (IPM)

 

HARTFORD, Conn., April 4, 2024 — LAZ Parking, the largest and fastest-growing privately owned parking operator in the United States, is pleased to announce an asset purchased of Seattle-based (IPM) in a deal that will give LAZ a market-leading presence in the Seattle metro area.

The deal will add 14,000 parking spaces to the LAZ Parking family, making it one of the largest parking operators in Seattle. “This acquisition is a melding of like-minded companies committed to providing opportunities for their employees and serving the parking needs of their clients and the parking public,” said Alan Lazowski, Chairman, CEO, and Founder of LAZ Parking. “LAZ is thrilled to be expanding in the Seattle Metro area and to have been entrusted by IPM to continue their tradition of excellence dating back to their founding in 1985.”

IPM is a parking market leader in Seattle, and the combined assets of LAZ and IPM will create a market-leading footprint in Seattle and surrounding communities with 74 employees. LAZ and IPM share cultural values in terms of the way they conduct business and care for employees. Other factors making IPM a strong fit include IPM’s outstanding leadership team, solid track record of retaining clients, and extensive local knowledge and relationships that have potential to create growth opportunities for LAZ.

IPM’s deep local knowledge, long-standing relationships, and extensive portfolio also offer LAZ new hotel storage opportunities.

IPM was founded in 1985 as Premier Parking by Joan and Steve Sundberg as an off-airport parking company. The company was purchased in 2006 by husband-and-wife team, Mark and Tracy Sundberg. The company has 74 employees and $40 million in managed revenues. Two senior leaders at IPM will join the LAZ leadership team: Scott Reisnouer, who brings over 30 years of experience in the Seattle parking market, and over 10 at IPM, and Scott Bly who also has 30 years of professional experience, including four years at IPM and work in the transportation industry. “We are excited and honored to be building on the hard work and visionary leadership of Mark and Tracy Sundberg and their team,” said LAZ President & Co-founder Jeff Karp. “Our shared cultures and approach to doing business make this an extraordinarily strong match and one that will enhance our ability to contribute to the Greater Seattle economy and deliver a state-of-the-art parking experience to customers and clients.”

The agreement with IPM is the latest in a long history of thoughtful, strategic acquisitions and partnerships that have built LAZ into the largest privately held parking company in America. Founded in 1981, LAZ Parking grew out of the childhood friendships of Lazowski, Karp, and fellow founders Michael Harth and Michael Kuziak. More than 40 years later, LAZ is still guided by the original values of those founders to “Create Opportunities for Our Employees and Value for Our Clients,” the same principles embodied in LAZ’s laser-focused mission, “The LAZ Way.”

About LAZ Parking

LAZ Parking is the largest, fastest-growing privately owned parking operator in the United States and a pioneer in digital parking technology. Founded in Hartford, CT, LAZ has been providing best-in-class parking management and transportation services since 1981 and operates over 1.48 million parking spaces in over 3,700 locations in 42 states and 469 cities in the U.S.  LAZ is an industry leader in business intelligence, remote monitoring, eCommerce solutions, and Proximity On-Demand Services or “LAZ PODS”. We leverage our national network of parking facilities to offer cutting edge, tech-enabled solutions, that include EV charging, micro warehousing, last-mile logistics, working across the hospitality, commercial, healthcare, airports, transportation, universities, government, retail, events, residential, and shuttle service industries. LAZ is a people first, conscious capitalist company, committed to elevating humanity through business. Additional information can be found at www.lazparking.com.

Barnacle Parking Selects Trevelino/Keller to Build Brand Awareness

April 03, 2024

 

Barnacle Parking Selects Trevelino/Keller to Build Brand Awareness

 

 

Outcome-Focused Firm Selected as PR Partner

 

ATLANTA, April 03, 2024– —Trevelino/Keller, a nationally ranked growth PR and marketing firm, today announces a new partnership with Barnacle Parking, the producer of The Barnacle®, an intelligent parking enforcement solution with motorist self-release capabilities. Trevelino/Keller will support Barnacle Parking in strategic marketing, brand awareness and earned media efforts.

Barnacle Parking empowers parking operators, business owners, corporate campuses, healthcare organizations and municipalities to redefine and enhance the parking enforcement experience for both enforcers and motorists while visibly driving compliance. The Barnacle® is the modern alternative to outdated practices like booting and towing and leverages technology and data to provide an effective, efficient and fair way to enforce parking requirements.

“Our goal is to work with like-minded partners to make parking enforcement across the country more convenient and fairer to both the parking enforcers and the parking offenders,” states Colin Heffron, chairman of Barnacle Parking. “We partnered with Trevelino/Keller based on their vast experience helping similarly sized brands scale. Together, we can reach new audiences through strategic marketing.”

As a company, Trevelino/Keller brings 20 years of brand reputation, media strategy, digital expertise and creative services to its partnership with Barnacle Parking.

“Barnacle Parking has created a truly innovative concept that is disrupting the parking industry in all the right ways,” shares Genna Keller, Co-CEO at Trevelino/Keller. “They have a winning formula – the right team and technology to grow and scale.”

About Barnacle Parking

Barnacle Parking empowers parking operators, business owners, corporate campuses, healthcare organizations and municipalities to redefine and enhance the parking enforcement experience for both enforcers and motorists while visibly driving compliance. The Barnacle®, an intelligent parking enforcement solution, provides real-time resolution for motorists.

For more information, visit www.barnacleparking.com.

About Trevelino/Keller

Trevelino/Keller is a Growth PR+Mkt firm focused on building, launching and scaling B2C and B2B companies. It leans into public relations, growth marketing and creative studios to develop measurable programming that leads to outcome-driven goals. Its Creative Studios delivers brand identity, graphic design, web services and dynamic content. Headquartered in Atlanta, the firm holds the distinction of having the industry’s best talent retention, is the 2022 third fastest growing and ranks second in Atlanta. For more information, visit www.trevelinokeller.com.

Propark Mobility Promotes Ben Johanning to Senior Vice President

April 03, 2024

 

 

 

Propark Mobility Promotes Ben Johanning to Senior Vice President

 

 

Hartford, Conn. – Propark Mobility announced today that Ben Johanning has been promoted to the position of Senior Vice President.

“Ben Johanning is the ideal fit for this Senior Vice President position,” said Stephen Duffy, President of ProparkMobility. “With his history of proven success, we are confident that he will play a pivotal role in driving our company’s continued growth and success. His leadership and expertise will undoubtedly help Propark reach new heights and continue to provide exceptional service to our clients.”

With over 20 years of experience, Johanning brings a deep understanding of the industry landscape to his position as Senior Vice President. Throughout his career, he has prioritized outstanding client service and driven substantial revenue growth by implementing innovative sales strategies. A dedicated leader, he has also championed theprofessional development and career growth of his team members. Through personalized development plans, mentorship programs, and leadership training, Johanning has built a pipeline that has helped numerous parking professionals achieve their career goals.

“Ben’s dedication to supporting his team and fostering a positive company culture perfectly aligns with our mission,”said John Reimers, Propark’s Chief Operating Officer. “At Propark, we are committed to recognizing our team members for their unique talents and supporting their professional growth and development. With Ben’s vast industry expertise, extraordinary client service, and unparalleled leadership skills, he is an invaluable member of our leadership team.”

As Senior Vice President, Johanning will leverage his experience and expertise to guide the strategic direction ofPropark’s operations, drive growth initiatives, and ensure the continued delivery of exceptional service to our clients.

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.

TripShot Launches FlexRide, a New Transportation Solution for Campuses and Communities

April 02, 2024

 

 

 

TripShot Launches FlexRide, a New Transportation Solution for Campuses and Communities

 

 

FlexRide efficiently pools riders and ensures everyone arrives at their defined destination on time

 

 

SAN JOSE, Calif. April 2, 2024 – TripShot, an industry-leading transportation management solution for companies, universities and hospitals, has announced its latest feature, FlexRide.

TripShot’s FlexRide is an innovative new transit SaaS solution that automatically creates dynamic routes by factoring in user-requested pickup/drop-off locations and predetermined stops and times. For example, riders can submit a next-day pick-up request at their home, be dropped off at a pre-determined stop and arrive on time for their daily commitments. TripShot aggregates all similar requests, creates a dynamic route and notifies riders of their scheduled pickup time. The reverse can happen for commutes home.

FlexRide supports higher vehicle utilization and lower deadhead times for vehicle fleets. By pooling riders along a dynamic route, operators enjoy more efficient vehicle assignments and optimized scheduling. Adding FlexRide to TripShot can significantly improve rider convenience, allowing them to customize their transportation services to meet their unique needs. Since operations began in the Fall of 2023, an early-adopting customer’s average weekly growth rate for completed trips has been 17%. 93% of these trips received a 5-star rating from riders.

“FlexRide is a win-win for administrators, drivers and riders. It’s a revolutionary transit innovation seamlessly tailored to cater to today’s diverse commuters and passengers. Early adopters of FlexRide have found it operationally scalable and responsive while enhancing the rider experience, attracting new riders and ultimately helping employees to arrive ready for a productive day.” said Patrick Le, Co-Founder and General Manager at TripShot.

This new feature results from the company’s strong emphasis on innovation and focus on changing client needs. Initially built for corporate campuses of some of the world’s largest technology companies, TripShot now offers FlexRide as another mode of transportation for future-oriented corporations, universities, medical facilities, and other campuses.

“FlexRide is a paradigm-shifting transit innovation simultaneously prioritizing operational efficiency and rider convenience, ushering in a new era of forward-looking transit options,” added Rob Antoniak, Chief Customer Officer. “This game-changing innovation is a testament to our grit and determination to fulfill our mission to simply and efficiently solve transportation’s most pressing problems while redefining mobility for all.”

 

About TripShot

TripShot is the mobility operating system built for the future of transportation. TripShot helps public and private sectors who want seamless and connected transit solutions. With its cutting-edge all-in-one operating system, TripShot is the single platform to replace the old complex commuter and fleet management system. Platform solutions include Fixed Route, On Demand, FlexRide, Parking, Reservations, Digital Wallet, CAD/AVL, GTFS-RT and Capacity Management. Please visit TripShot.com to learn more or get in touch.

Media Contact

Danny Drees
216-372-6209
ddrees@tripshot.com

EVPassport and Associa Partner to Deliver an Integrated Charging Solution to Managed Communities

April 02, 2024

EVPassport and Associa Partner to Deliver an Integrated Charging Solution to Managed Communities

 

 

North America’s largest community association management firm strikes a strategic partnership with the nation’s most reliable charging network to enhance ESG objectives and improve community amenities.

 

LOS ANGELES—-EVPassport, the most reliable EV charging network in the United States, and Associa, the leading provider of community management services throughout North America, today announced a strategic partnership to provide next-generation electric vehicle (EV) charging stations at Associa-managed communities throughout the United States. Under the agreement, Associa will implement EVPassport’s infrastructure-as-a-service (IaaS) platform across its national portfolio of managed communities, delivering a reliable, frictionless charging experience to over five million residents.

“Both EVPassport and Associa aim to provide innovative turnkey solutions that make people’s lives easier—and encourage sustainable living,” said Hooman Shahidi, Co-founder and CEO of EVPassport. “Our partnership with Associa helps close the demand gap for reliable EV charging and reaffirms our commitment to continued innovation—specifically in the areas of customer service and engagement. This is an exciting opportunity for EVPassport as we move into our next phase of growth and build the most reliable and easy-to-use charging network.”

With the new partnership, Associa-managed communities will have access to EVPassport’s innovative and reliable hardware, exclusive cloud-based software, and connected infrastructure technology, through the EVPassport IaaS platform. The demand for reliable, easy-to-use EV charging has surged in recent years amid record-setting EV sales. With EVPassport, Associa-managed communities and the residents they serve benefit from an end-to-end solution that prioritizes the customer experience through high reliability and a frictionless, app-less charging experience.

“Investing in EV charging is becoming a necessity for communities who are committed to upholding their property values, increasing their marketability, and perpetuating sustainability,” said Jason Salmonson, Senior Vice President, Integrated Services at Associa. “We proudly welcome EVPassport to our roster of world-class partners, furthering our commitment to bringing industry-leading technology solutions to our communities. We selected the EVPassport IaaS platform for its ability to provide an easy-to-use charging experience for our communities while delivering great economic value that helps advance community engagement while aligning with our ESG initiatives.”

Associa is a leading community management service company delivering complete and comprehensive turnkey management services and an array of solutions and resources to provide an exceptional experience to thousands of communities. In 2021, the company founded Associa Green, an environmental initiative to help families live healthier, more sustainable lives.

EVPassport provides an end-to-end EV charging solution for managed communities and properties that helps increase occupancy, strengthen tenant satisfaction and retention, and improve charging equity. The company utilizes an innovative business model that allows for charging infrastructure to be installed under an IaaS model that provides the lowest cost of entry and a lucrative revenue share model to deliver managed communities with the fastest ROI.

Since EVPassport’s inception in 2020, the company has scaled its network to 35 states, Canada, and Mexico. It has deployed thousands of chargers while delivering 99.97% uptime. This news comes on the heels of EVPassport raising $200 million to support the rapid growth of its IaaS platform.

For more information about EVPassport, visit www.evpassport.com.

About EVPassport LLC
EVPassport LLC is the Nation’s most reliable EV Charging Network. The company was founded by a team of leaders across technologies, enterprise software, and financial services. Together, the founding team represents experience from companies like Twitter, Oracle, Salesforce, Booz Allen, and the White House. EVPassport is the technological evolution of EV charging software and hardware for forward-thinking companies worldwide that place a high value on the satisfaction of their customers. EVPassport is based in Santa Monica, California, and is backed by a $25-billion-dollar private equity firm. Some of EVPassport’s customers include Fairfield Residential, Ace Parking, Brookfield, MJW Investments, Nuveen, and National Development. To learn more, please visit www.evpassport.com.

 

About Associa
With more than 300 branch offices across North America, Associa is building the future of community for more than 7.5 million residents worldwide. Our 15,000+ team members lead the industry with unrivaled education, expertise, and trailblazing innovation. For more than 45 years, Associa has brought positive impact and meaningful value to communities. To learn more, visit www.associaonline.com.

CK CONSULTING ANNOUNCES VICTOR ALISTAR JOINING THE PARTNERSHIP

April 02, 2024

 

 

 

CK CONSULTING ANNOUNCES VICTOR ALISTAR JOINING THE PARTNERSHIP

 

 

Today CK Consulting, an independent expert consultancy in parking operations and technology, proudly announces Victor Alistar joining our dynamic team and partner board. With an illustrious track record of driving transformative change and positioning parking operations for sustained growth, Victor brings over 18 years of strategic leadership within the mobility and transportation sectors.

In his new role, Victor will spearhead a pioneering organization dedicated to mobility and transportation consulting services in North America in the public and private sectors. This initiative will encompass areas such as parking policy, pricing, allocation, streamlining facility management and the use of technology solutions. Drawing from his extensive experience, Victor excels in developing business strategies, instilling accountability and optimizing cost structures to drive uplifts in profitability.

Victor holds a B.A. in Management and an MBA from Golden Gate University in San Francisco, and calls California his home. He can be reached at (916) 709 4580 or va@ck.consulting (no dot com!) and welcomes connections at linkedin.com/in/victoraalistar/

Brett Galvin, Chairman of CKC USA LLC added, “We couldn’t be happier to have Victor join this industry leading team of international parking professionals. Victor’s long commitment to ensuring the highest levels of their customers’ success matches perfectly to CKC’s commitment to delivering high quality outcomes for customers and their parkers. As the parking consumers change their behaviour post-COVID and with many new SaaS entrants in the tech space, we will be continually required to provide sound strategic planning and procurement advice to set customers up for long-term performance, in what is an ever more complex and fast changing parking environment.”

 

 

 

About CK Consulting USA

Since 1996, our team of Parking Technologists have been developing and delivering strategies that centre on maximizing the value of the parking assets you currently have.  We leverage the right technology, contracting and pricing strategies to do it. Parking technology is changing and there is money to be made and saved right now. We bring the smarts and the sweat to align you with it.

CKC provides teams like yours with independent professional analysis and support for procuring complex Parking Management configurations and associated Technologies. We’re currently providing this for any number of similar organizations right now. We like to get things done, so we slot into your team to help develop the business case, budgets, forecasts, implementation timing and scopes; deliver best in the world specifications and contract arrangements; assist in releasing the request package, prepare your team for the change; negotiate, project manage and deliver a quality assured outcome. In recent engagements CKC has been able to increase operating profits significantly with the redesign of upgrades and get the procurement done in a sort time with ease. www.ck.consulting.

ParkMobile to Bring Mobile Payment Solution to Delaware, Ohio

April 02, 2024

ParkMobile to Bring Mobile Payment Solution to Delaware, Ohio

 

 

Residents and visitors will soon be able to reserve their monthly parking pass via the app or website

 

 

Delaware, Ohio – April 2, 2024ParkMobile, a provider of smart parking and mobility solutions in North America and part of EasyPark Group, is modernizing the parking permit system in Delaware, Ohio. This month, residents and visitors will be able to reserve their parking monthly pass via the ParkMobile app or web browser. Additionally, drivers will be able to pay for parking at over 300 on-street and off-street parking spaces throughout the town through ParkMobile.

“For over 15 years, ParkMobile has been a trusted mobility management platform for cities across North America. We’re working toward our goal of making cities more livable by enabling cities to better manage their curb space to create improved flow and accessibility,” said David Holler, vice president of sales at ParkMobile. “Through the adoption of our mobile app, Delaware’s residents and visitors will be able to easily reserve their parking permit to enjoy a seamless parking experience.”

ParkMobile is focused on expanding its footprint for users across North America. By providing solutions to create an easier parking experience, ParkMobile makes traveling throughout the country more convenient and streamlined. The smart parking and mobility company currently serves users in Ohio, with availability in Columbus through the ParkColumbus app, and Cleveland.

“We are excited to partner with ParkMobile,” City Manager Tom Homan said. “The technology will provide both residents and visitors with a much-improved parking experience in our city.”

ParkMobile is available for both iPhone and Android devices, and can also be accessed on a mobile web browser. To reserve a parking pass, users must enable location services, and choose the correct location. Then, verify the correct month, license plate number and payment method. The monthly permit will be available under the ‘Activities’ tab on the ParkMobile app. To pay for zone parking via the ParkMobile app or website, users will enter the zone number or scan the QR code found on the signs located within the parking lot, choose the duration of time they wish to park and touch the “start parking” button.

 

ParkMobile, LLC is the leading provider of smart parking and mobility solutions in North America and part of the global parking tech company, EasyPark Group. With the vision to make cities more livable, EasyPark Group owns and develops the apps EasyPark, ParkMobile, RingGo and Park-line, and operates in over 4,000 cities across more than 20 countries. ParkMobile offers digital solutions to quickly find and pay for on-street and off-street parking via a mobile device. The company also offers parking reservations at stadiums, venues, and metro area garages. ParkMobile’s technology is used in thousands of locations across the U.S., including 8 of the top 10 cities, as well as college campuses and airports. ParkMobile has been named to the Atlanta Business Chronicle’s Pacesetter Award list, the Atlanta Journal Constitution’s Top Workplaces and won the 2022 Stevie Awards for Best Mobile On-Demand Application. Visit ParkMobile.io or @ParkMobile on Twitter for the latest news and information. For EasyPark Group news, visit easyparkgroup.com.

Genetec to showcase unified security, operations, and intelligence systems at ITS America

March 29, 2024

 

 

 

Genetec to showcase unified security, operations, and intelligence systems at ITS America

 

 

Highlights latest advances in video management and analytics, and comprehensive enclosure management enabled by the Genetec Security Center open platform.

 

 

MONTRÉAL QC — At the ITS America Conference April 22-24, Genetec, Inc. (“Genetec”), a leading technology provider of unified security, public safety, operations, and business intelligence solutions, will demonstrate the latest advancements of its unified security platform, Genetec™ Security Center, Omnicast™ video management system (VMS), Synergis™ access control system (ACS), and comprehensive enclosure management.

 

As the digital transformation of the mobility industry introduces new data sources and increasingly connects systems, agencies are finding that their legacy siloed systems limit their ability to collaborate, glean intelligence from data, and optimize both security and operations. At ITS America, Genetec will demonstrate how an open, unified platform provides the infrastructure needed to flexibly adapt to evolving needs and enhance operations. Demonstration highlights include:

 

Genetec Security Center – The open, unified physical security platform provides oversight and support with unified video and access control, enabling agencies with a single intuitive interface by which to correlate and analyze data from numerous sources, manage access to restricted areas and remote enclosures, monitor traffic flow and fleet vehicles, communicate with staff and citizens during emergencies, and securely share data with stakeholders.

 

Genetec Omnicast – The VMS monitors territory in entirety, from street corners to long stretches of road. Unified with Security Center it quickly and easily validates information.

 

Genetec Cloud Link Roadrunner™ – A NEMA TS2-rated IoT device that connects to the Genetec Synergis ACS to provide real-time monitoring of events and alarms, contractor management, and comprehensive reporting.

 

Genetec will also demonstrate the integration of technology from ASSA ABLOY, including ASSA ABLOY’s NEMA TS2-rated powered traffic cabinet locks that replace today’s standard vulnerable locks and keys, enabling operators to remotely manage enclosures and deliver real-time capabilities. For more information on Genetec solutions for unified traffic operations, visit  www.genetec.com/industries/traffic.

 

About Genetec

Genetec Inc. is a global technology company that has been transforming the physical security industry for over 25 years. Today, the company develops solutions designed to improve security, intelligence, and operations for enterprises, governments, and the communities in which we live. Its flagship product, Security Center, is an open-architecture platform that unifies IP-based video surveillance, access control, automatic license plate recognition (ALPR), communications, and analytics. Founded in 1997, and headquartered in Montreal, Canada, Genetec serves its customers via an extensive network of certified channel partners and consultants in over 159 countries.

For more information about Genetec, visit: www.genetec.com 

 

© Genetec Inc., 2024. Genetec, Security Center,™ Omnicast™ , Synergis,™, Cloud Link Roadrunner™, and the Genetec logo are trademarks of Genetec Inc. and may be registered or pending registration in several jurisdictions. Other trademarks used in this document may be trademarks of the manufacturers or vendors of the respective product.

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.

← Older posts

Newer posts →