Tag Archives for: stadium parking

ParkHub Announces $13 Million Series B Funding Led by Arrowroot Capital

March 01, 2019

 

 

 

 

 

ParkHub Announces $13 Million Series B Funding Led by Arrowroot Capital

 

 

 

The investment will allow the Dallas-based parking technology provider to drive sales and marketing growth and accelerate product development.

 

 

DALLAS, TX. – ParkHub, the leading B2B parking technology provider, announced today it has completed its Series B financing.

Led by Santa Monica-based Arrowroot Capital, a leading growth equity firm specializing in B2B software, the investment will enable ParkHub to further establish market leadership and continue development of its growing suite of software solutions for a wide array of event-based facilities and beyond. The funding is the first institutional capital for the company, validating the vision supported by Jerry Jones, Bruce Williams and Van Taylor, among ParkHub’s angel investors. As part of the transaction, Kareem El Sawy, Partner at Arrowroot Capital, will be joining the board.

“We are thrilled to have gained Arrowroot’s investment and support,” said George Baker Sr., Founder and CEO of ParkHub. “Over the past few years, our team has worked tirelessly to attract major accounts, form strategic partnerships, and refine our product offering while maturing as a service provider and company. This partnership will undoubtedly accelerate our growth, and we feel privileged to work closely with Arrowroot’s team of software experts.”

“ParkHub has positioned itself squarely within the broader mobility movement, seeing an attractive opportunity to build a platform that connects across transportation, commerce, asset management, and smart cities in general,” said Kareem El Sawy, Partner at Arrowroot Capital. “We are excited to partner with George and his team to scale their offerings and services in this evolving sector.”

ParkHub’s subscription-based solutions help parking professionals improve customer experience and drive revenue with streamlined operations and real-time insight. The company’s customers include premier professional sports teams and entertainment clients and the technology integrates with major parking and ticketing providers, such as SpotHero, Parkmobile, ParkWhiz, Ticketmaster, and Tickets.com. The product suite includes Prime, a mobile point-of-sale solution; Portal, a business intelligence system; Pulse, a multi-directional occupancy sensor; and ParkHub.io, a parking inventory and data distribution system.

Over the past year, ParkHub has made significant strides increasing its foothold and has more than doubled its client base. The company executed a multi-year agreement with Live Nation, expanded on a growing list of venue and university partners, and began to penetrate the State and National Park verticals. In January 2019, ParkHub acquired the mobile point-of-sale division of SpotHero and formed a long-term partnership designed to improve the overall consumer parking experience.

ParkHub manages over 1 million parking spots and has parked and digitally transcribed over 18 million vehicles to date.

For more information, visit www.parkhub.com/landingpage/join-our-journey.

About ParkHub

 

ParkHub is a Dallas-based technology company that provides software and hardware services for the global parking industry. The company’s products provide multiple payment options, real-time reporting of parking revenue, support for dynamic pricing, and inventory availability and control. ParkHub technology integrates with many prepaid parking and ticketing providers. Founded by parking industry veteran, George Baker Sr., ParkHub has effectively fast-tracked traditional parking operations into the digital age. For more information, visit www.parkhub.com.

About Arrowroot Capital 

Arrowroot Capital is a global growth equity firm based in Santa Monica, CA, focused on minority, majority, and buyout investments in B2B software companies. The firm serves as a catalyst for growth-related initiatives by partnering with management and leveraging its deep enterprise software expertise to deliver meaningful, tangible value. Arrowroot targets initial equity investments in the range of $5 million to $25 million and has the flexibility to pursue larger opportunities as well as a broad range of transaction types. Arrowroot also targets add-on acquisitions for its portfolio companies with a wider range of size and general criteria. Learn more at http://www.arrowrootcapital.com.

 

 

Tusco Perimeter Security Protects Atlanta’s New Mercedes-Benz Stadium with Delta Scientific Vehicle Access Control Equipment

January 25, 2018

 

Tusco Perimeter Security Protects Atlanta’s New Mercedes-Benz Stadium with Delta Scientific Vehicle Access Control Equipment

 

 

 

Tusco Wins Associated Builders and Contractors (ABC) 2017 “Excellence in Construction Award” for Stadium’s Perimeter Protection System

 

 

PALMDALE, CALIF. – January 25, 2018 – Delta Scientific, the leading manufacturer of counter-terrorist vehicle control systems used in the United States and internationally, today announced that Atlanta’s new $1.5 billion stadium, home to the NFL Atlanta Falcons football team and MLS Atlanta United soccer club and site of the recent NCAA national college football championship, is protecting fans, personnel and athletes from terrorists and errant drivers from using vehicles as weapons. Installed by Tusco (Cottondale, Ala.), using Delta Scientific perimeter protection products, the new access system includes four DSC501 barriers, five DSC720 bollards, 39 DSC2000 barriers and 59 DSC680 fixed bollards.

“We are very experienced with installing Delta equipment,” relates Brent Martina, president, Tusco. “Mercedes-Benz Stadium was very particular about their security needs and protocols and requested a customized sequence of operations for their security equipment. Delta Scientific’s products and experienced engineers made them the obvious choice in meeting both the high quality and technical standards required to integrate with the stadium’s sophisticated security system. It was crucial to have a reliable team in place as we received a very compressed schedule to get everything complete by the first football game and, therefore, had no room for errors.”

DSC501 barriers were used at main entrances where players and VIPs, among others, enter with their cars. The DSC501 is the only K54-certified retractable vehicle barricade in the world. Set in a foundation only 18 inches deep, it will survive and operate after a 5.4-million foot pound impact. That’s equivalent to a 65,000-pound truck hitting it at 50 mph. Stopping the truck or car dead in its tracks, the DSC501 protects against a “second hit” risk from a second vehicle. The stadium preferred installing these barricades in a more industrial look, wanting them to be “seen.”

Five retractable DSC720 bollards were used at the pedestrian entry areas. This is Delta’s highest crash rated bollard, stopping a 15,000 pound vehicle at 50 mph. The bollard will stop and destroy much larger vehicles than those tested at very high velocities. The DSC720 is 35 inches tall and 15 inches wide. At Mercedes-Benz Stadium, the bollards feature brushed stainless steel sleeves.

At the loading docks, 39 of Delta’s fastest, smallest and shallowest foundation barricades were implemented. Chosen especially for high speed applications and ease of installation, the cost effective DSC2000 barrier is K12 crash certified with no penetration, meaning it will stop a 15,000 pound vehicle traveling 50 mph dead in its tracks.The ten-inch shallow foundation also reduces installation complexity, time, materials and corresponding costs.

Lastly, 50 DSC680 shallow foundation fixed bollards with stainless steel sleeves protect pedestrian areas. They secure any unprotected locations where vehicle bombers and errant drivers have no obstacles. The system also includes Delta Scientific hydraulic power units and features touchscreen controls.

“Delayed by roof issues, the Mercedes-Benz Stadium challenged us with a condensed schedule to provide one of the world’s most secure vehicle access systems,” avows Martina. “I’m proud to say that our team completed the work on time and walked away from the project with another pleased client.”

About Tusco

Since 1974, Tusco, Inc. has been a leading supplier of perimeter security solutions throughout the Southeast. Tusco provides a wide array of services and products to such broad clientele as government agencies, including the FBI, DEA, and EPA, military bases, data centers, state capitol and federal buildings, universities, industrial facilities, spectator sports venues, office complexes, multifamily unit developments, churches, schools, and many others. Tusco offers perimeter security site assessments and consulting plus sales and installation of such products as crash rated fencing and gates, wedge barriers, bollards, and drop arms, all designed to combat the threat of terrorism across our nation. http://www.tuscoinc.com/

About Delta Scientific

Delta Scientific Corporation is the leading manufacturer of vehicle access control equipment with over 260,000 square feet of production facilities in Palmdale, Calif. Delta’s three product lines consist of high-security vehicle barricade systems, parking control equipment and guard booths. Delta Scientific has been engineering and manufacturing vehicle access control equipment since 1974 and sells its products worldwide.

Corporate headquarters, equipment sales, systems engineering and technical service are located at 40355 Delta Lane, Palmdale, Calif. 93551. Phone is (661) 575-1100. Website is www.deltascientific.com. Product installation and maintenance services are provided through Delta’s Fredericksburg, Va. office.