Category Archives for: university parking

Annette Clayton Joins Flash Board of Directors

April 05, 2024

Annette Clayton Joins Flash Board of Directors

Austin, Texas, April 4, 2024 – Flash, the leading digital ecosystem provider connecting drivers to parking and EV charging experiences, today announced Annette Clayton, chairwoman and former CEO of Schneider Electric, has joined the company’s board of directors. Ms. Clayton has decades of automotive, technology, and energy industry experience and brings an extensive track record guiding corporate strategy and operations for growth companies and pioneering startups.

“We are incredibly fortunate to welcome Annette to our board of directors,” said Dan Sharplin, Flash’s CEO and Chairman. “She is an accomplished leader who has dedicated her career to companies that are transforming their respective industries, and her talents and expertise will be invaluable to our next chapter of growth, particularly when it comes to meeting the needs of modern drivers through the next wave of EV adoption.”

Ms. Clayton joins Flash’s board of directors after recently concluding her tenure as CEO of Schneider Electric North America. During that time, Ms. Clayton led business strategy for the region, representing 30,000 employees and sales of more than $11 billion in fiscal year 2022.

“Working with innovators like Flash that reimagine an industry is the work I love,” said Ms. Clayton regarding her appointment. “I have followed Flash’s evolution from its startup days and think the current moment is among its most exciting – Flash has done the heavy lifting and is poised to bring all the players together to set the new standard for a first-of-its-kind digital ecosystem.”

Ms. Clayton currently serves on the public boards of Duke Energy, NXP Semiconductors, Oshkosh Corporation, and Nordson Corporation. Ms. Clayton’s prior board service includes National Electrical Manufacturers Association, National Association of Manufacturers, and many of Schneider Electric’s Energy-as-a-Service joint ventures. She was also a member of Rewiring America’s CEO’s for Electrification coalition for business leaders.

Prior to Schneider Electric, she served in senior management roles for Dell, where she led the transformation of its global supply chain and fulfillment model, and General Motors Corporation, including president of Saturn Corporation, where she oversaw strategic direction, financial accountability, and profitability. Ms. Clayton holds a bachelor’s degree in general engineering from Wright State University, a master’s degree in engineering management from the University of Dayton, and has completed the London Business School executive development program.

About Flash:

Flash is a pioneering technology company bringing seamless parking and EV charging experiences to drivers through a first-of-its-kind digital ecosystem. Flash’s platform connects reservable parking and charging in the apps drivers use every day with garage, surface lot, event, and valet parking locations — connected and controlled via a cloud-based operating system with unrivaled intelligence. Customer-obsessed brands partner with Flash to deliver digital, easy-to-use, reliable, and increasingly frictionless experiences to drivers eager to pay for a solution that eliminates wasted time, excess emissions, and stress from driving. The solution has arrived. Visit www.flashparking.com to learn more.

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.

Zevtron and Chauntry Partner to Offer Groundbreaking EV Reservations Platform for Airports

April 02, 2024

Zevtron and Chauntry Partner to Offer Groundbreaking

EV Reservations Platform for Airports

Carlsbad, CA (April 2, 2024)—Zevtron, the innovative smart EV charging software and hardware solutions provider, and Chauntry, the parking reservations leader, today announced a partnership to enhance airport EV charging services. This innovative solution leverages Zevtron’s industry-leading smart EV charging software within the existing Chauntry Parkspace reservation system, enabling EV drivers to effortlessly reserve charging stations before their flights. Unlike other EV charging reservations platforms, Parkspace utilizes Zevtron’s industry-leading smart EV charging software, which allows airports to monetize EV charging, keeping all the revenue generating by charging infrastructure.

“This is an important breakthrough for airports,” said Bob Andrews, founder of Zevtron. “Now airports can retain total control over the EV assets for which they are offering prebooking. It’s no longer necessary for airports to cede control over EV charging to closed technology providers if they want to offer EV reservations. Not only will this improve airport EV services, but it will also open up new revenue streams.”

Airports can add EV charging to their existing Chauntry Parkspace portals or, if they don’t yet offer parking prebooking, they can partner with Chauntry to launch Parkspace with EV charging.

“As airports have rebounded from the pandemic, parking prebooking has become essential for improving the travel experience,” said Theresa Hughes, managing director of Chauntry. “Now, the same limited inventory challenges that make parking prebooking necessary are presented by EV charging. If you’re driving an EV to catch a flight, the last thing you need is to arrive at the airport, only to find that there are no EV chargers available. Now, airports can remove travelers’ uncertainty over whether they’ll be able to charge their EV, and the anxiety that uncertainty can cause.”

Reserving EV charging with Parkspace is simple. When flyers log into the airport’s parking portal to reserve a parking space, there will be an option to reserve charger space as well. It’s simply a matter of clicking the EV button. Then, when they arrive at the airport parking facility, they merely drive to their EV charging station, scan the code provided by the prebooking platform, and begin charging. When they return from their trip, their account will automatically be debited for both charging and the parking session. For flyers who are taking longer trips, the platform can be integrated with valet services, and the vehicle can be moved to a regular parking area when it’s fully charged.

Charging is powered by Zevtron’s industry-leading smart charging software. The software provides airports complete control over their charging stations and allowing them to collect and keep all the revues generated by EV charging.

About Chauntry

Chauntry is the world’s leading provider of parking reservations systems. Founded in 1991, Chauntry pioneered the development of innovative parking reservations solutions, and today the company continues to lead the way with the introduction of valuable new parking reservations products and services. Chauntry can be found online at www.chauntry.com.

About Zevtron

Zevtron is a leading national EV software and hardware provider based in Carlsbad, California. The company’s products and services are designed to provide flexibility, manageability, and profitability to building owners, institutions, and parking owners who offer EV charging. Zevtron is the only leading EV provider to integrate its technology with leading parking access and revenue control equipment for easy and convenient EV charging management, and its hardware agnostic software platform allows owners to keep 100% of EV charging revenues. Zevtron can be found online at www.Zevtron.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.

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.

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/

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