Tag Archives for: TIBA

REEF Technology and TIBA Parking Systems Partner to Create a Powerful Data-Driven Platform for Parking Operators and Landlords

January 28, 2021

REEF Technology and TIBA Parking Systems Partner to Create a Powerful Data-Driven Platform for Parking Operators and Landlords

North America’s Largest Parking Operator Joins Forces with the Leading Parking Technology Company, Transforming Traditional Parking Business into Tech-Enabled Ecosystem with New Revenue Streams

MIAMI, FL and COLUMBUS, OH – January 28, 2021 – REEF Technology, the ecosystem that connects the world to your block, announced today a partnership with TIBA Parking Systems, a leader in parking technology. This collaboration will revolutionize the way landlords and operators will monetize their parking real estate. Through the partnership, REEF and TIBA will provide parking operators and landlords with a best-in-class PARCS system (Parking Access and Revenue Control System) paired with built-in access to REEF’s ecosystem of applications and additional revenue sources. This allows for traditional parking lots to create new revenue streams by transforming isolated parking facilities to connected and dynamic mobility hubs that offer diverse solutions to serve the needs of the ever-evolving urban population.

As new parking facilities join REEF’s network, they will enjoy access to REEF’s parking and mobility solutions including facility management, traffic control, and a consumer-facing mobile parking application. Existing parking lots within REEF’s network will transition to TIBA’s flexible, industry-leading solutions and operators will be able to seamlessly manage parking sites, collect revenue and access sophisticated data usage in real time. By contracting with REEF, landlords will benefit from having direct access to a connected PARCS system and revenue-generating applications, both of which are dynamically powered by REEF.

“Our joint solution offering creates an unprecedented opportunity for landlords to maximize their asset value at a time when building and property usage is changing rapidly because of the pandemic,” said Matt Lindenberger, Chief Technology Officer at REEF. “With TIBA, we will help asset ownership materially increase real estate value while making a seamless and first-class parking experience for consumers.” REEF’s partnership with TIBA will enable more businesses and landlords to expand into additional sectors and applications with REEF’s product ecosystem that is tailored to meet the diverse needs of surrounding neighborhoods. REEF delivers the power of proximity through both a technological and physical platform, a foundation built on top of the traditional parking infrastructure allowing partners such as TIBA to move essential products and services closer to the customer than ever before.

With extensive global experience as part of the FAAC family of companies, TIBA’s robust, scalable cloud architecture enables parking operators to keep pace with the latest trends in centralized operations, automated smart facilities, ticketless and frictionless parking, web reservations, valet and mobile payments. “We’re thrilled to join forces with REEF, a company that is paving the way for our industry in terms of innovation, profitability, data optimization and empowering communities,” said Moshe David, Chief Executive Officer at TIBA. “Our commitment to deliver an engaging parking experience will fuel this partnership and provide a comprehensive platform, enabling a smoother process for supporting our partners, VARs, and customers.”

Existing and interested parking landlords can learn more about REEF Parking Management ecosystem and solutions here.

About REEF: REEF’s mission is to connect the world to your block. We transform underutilized urban spaces into neighborhood hubs that connect people to locally curated goods, services, and experiences. With an ecosystem of 4,500 locations and a team of 15,000 people, REEF is the largest operator of mobility, logistics hubs, and neighborhood kitchens in the United States. Together we are leveraging the power of proximity to keep our communities moving forward in a sustainable and thoughtful way. Visit reeftechnology.com for more information.

About TIBA Parking Systems: TIBA Parking Systems, a FAAC Group company, is the leader of solutions for the parking and mobility industry. With the most advanced and flexible systems, TIBA products are scalable, reliable and user-friendly. TIBA is wholly committed to an “Engaged Parking Experience” through a focus on superior products, providing the industry’s most configurable solutions, and delivering a first-rate customer success partnership. TIBA’s flexible cloud architecture enables parking operators to leverage technology and market trends and unlock new revenue opportunity. TIBA serves parking operators and owners both directly and through an extensive network of value-added resellers. Visit www.tibaparking.com to learn more.

MEDIA CONTACT:

Katy Feinberg (FOR REEF)

kfeinberg@rubenstein.com

919-452-5419

Jordan Weiss (FOR TIBA)

Jordan.weiss@tibaparking.com

512-826-1572

ParkMobile and TIBA Parking Systems Partner To Provide Contactless Parking Payments in Gated Garages

January 07, 2021

ParkMobile and TIBA Parking Systems Partner To Provide Contactless Parking Payments in Gated Garages

Parking technology leaders are collaborating to provide a safe and easy way to pay for gated parking.

Atlanta, GA – January 7, 2021 – ParkMobile, the #1 mobile parking app in the U.S. has announced today a new strategic partnership agreement with TIBA Parking Systems, a member of the FAAC group – the largest manufacturer of Parking Management Systems in North America, to provide contactless payment options at gated garage locations.

The integration between the two technology leaders will make it easier for consumers to pay for parking at gated garages, thus reducing wear and tear on the physical parking equipment. Amid COVID-19 concerns, many parking operators are quickly adding contactless payment options to reduce the potential spread of the virus.

ParkMobile has over 20 million users who will be able to use the app to pay for parking at TIBA’s +1.9 million parking spaces across the country. People parking in a garage with TIBA solutions and hardware can simply pull a ticket from the entry station to lift the gate and enter the garage. Instead of interacting with pay stations or cashiers, ParkMobile users proceed to the exit and simply scan the ticket barcode to lift the gate.

“It is great to bring two parking technology leaders together to create a better experience for the consumer,” says Levi Rinkoff, Executive Vice President of Partnerships and Alliances at TIBA. “The integration between TIBA and ParkMobile will provide a safe and easy way to make parking payments at any location with TIBA equipment. The outcome of this partnership is a comprehensive platform for combined online and drive-up data, smarter yield management, and a better process for supporting our customers and their parking guests.”

ParkMobile and TIBA are currently piloting platform integrations and have plans to rapidly deploy contactless payments at new and existing installations throughout the North American market.

“We have been getting constant feedback from our users that they want more ways to use our app beyond the on-street parking,” says Jon Ziglar, CEO of ParkMobile. “This new partnership with TIBA takes us into the parking garage, giving our users a new way to conveniently use the app to make contactless payments at gated facilities.”

About ParkMobile

ParkMobile, LLC is the leading provider of smart parking and mobility solutions in North America, using a contactless approach to help millions of people easily find, reserve, and pay for parking on their mobile device. The company’s technology is used in thousands of locations across the country, including 8 of the top 10 cities as well as college campuses, airports, and stadiums. People can use ParkMobile solutions to quickly pay for on-street and off-street parking without having to use a meter or kiosk. Additionally, ParkMobile offers parking reservations at stadium venues for concerts and sporting events. Reservations are also available in metro area garages, allowing people to drive into the city without having to worry about finding parking. ParkMobile has been named to the Inc. 5000, Deloitte Fast 500, Smart Cities Connect “Smart 50,” and the Atlanta Journal Constitution’s Top Workplaces. Additionally, the company won the 2020 Stevie Awards for Product Innovation. For more information, visit ParkMobile.io or @ParkMobile on Twitter.

About TIBA Parking Systems

TIBA Parking Systems, owned by FAAC Group, is the leader of solutions for the parking and mobility industry. With the most advanced and flexible systems, TIBA products are simple, reliable, and user-friendly. TIBA is wholly committed to an “Engaged Parking Experience” through a focus on superior products, providing the industry’s most configurable solutions, and delivering a first-rate customer success partnership. TIBA’s robust, scalable cloud architecture enables parking operators to leverage technology and market trends and unlock new revenue opportunities. TIBA serves parking operators and owners both directly and through an extensive network of value-added resellers. Visit www.tibaparking.com to learn more.

Media Contacts:

Jeff Perkins, CMO

ParkMobile

jeff.perkins@ParkMobile.io

Jordan Weiss, Marketing Lead

TIBA Parking Systems

jordan.weiss@tibaparking.com

FAAC acquires TIBA Parking Systems and becomes the leader in the North American market for parking management systems

December 22, 2020

FAAC acquires TIBA Parking Systems and becomes the leader in the North American market for parking management systems

An acquisition of 135 million dollars for 60 million dollars in turnover and 130 employees, the largest in the history of the Italian multinational from a financial point of view. With this transaction, FAAC strengthens its position in the parking management systems segment, achieving leadership in the largest market in the world, North America, and placing itself among the top players at a global level.

Bologna – December 22, 2020 – FAAC, an Italian multinational leader in the sector of automation and vehicle and pedestrian access control, announces the signing of a binding agreement through which it will acquire from the Israeli private equity fund TENE Capital, the Afcon group and a series of minority shareholders, all the shares of the TIBA group, a leading international company in the sector of supplying turnkey systems for managing parking sites with revenue collection.

In particular, the TIBA group designs, manufactures, distributes and supports flexible, reliable and cutting-edge solutions for every need for the management of off-street revenue parking. It has its headquarters in Tel Aviv, Israel, where its important research and development center is also based, but produces most of its revenues in the North American market, where it has managed to achieve a leadership position in a few years of activity with over 20% market share. It is expected to close 2020 with over 60 million dollars in turnover, reporting an average annual growth of 30% in the last 5 years. The sales strategy of the TIBA group, based mainly on an indirect model that leverages the collaboration with a proven network of Value Added Resellers, is a perfect complement to the predominantly direct sales model of FAAC in North America, operated through its business unit HUB Parking Technology.

“The acquisition of TIBA – comments FAAC CEO Andrea Marcellan – has a significant value for us, as it allows to intensify investments in a business segment which is in our view strategic as it will enable us to strengthen our position in the largest and most profitable market in the world. This will allow us to rebalance in our portfolio the centrality of the historical business of access automation and mature European markets. Important synergies have already been identified in the short and medium term which are very significant from a commercial, operational and product point of view. ”

“Another large transaction for the group – declared the Chairman Andrea Moschetti – in a very difficult year for the entire business community, however strongly desired as absolutely synergistic with our strategic vision and with the mission we have been assigned, that is to continue to grow with a primary role at a global level in providing cutting-edge solutions for a sustainable mobility, respecting people, the environment and the most rigorous ethical standards.”

The transaction, which will involve a disbursement of 135 million dollars, in addition to the net cash acquired, was financed in part by own means and in part by leverage.

“There could not have been a better time to start using leverage, – points out the CFO Ezechiele Galloni – today’s conditions in the debt market are unprecedented and extraordinarily favorable, and the exchange rate we managed to set for the conversion of the funds in dollars is much more advantageous than initially estimated. Overall, the group continues to stand financially very solid, indeed with the mentioned leverage transaction we improve the capital structure, thus far very unbalanced on the equity side, and the potential for further recourse to debt remains largely untapped. ”

With this acquisition, FAAC adds a further step to its important track record of growth recorded over the years both through organic development and M&A activity (21 acquisitions in the last 10 years – last one, the biggest one as far as acquired sales, not more than 6 months ago), reaching today estimated consolidated revenues of over 620 million Euro and a staff of over 3,400 employees. Founded in 1965 by Giuseppe Manini in Bologna, FAAC is today an international group led by a well-tested and highly motivated management team, operating in 5 continents in 27 countries with over 50 companies and 8 main production sites.

The transaction is subject to the usual closing conditions and the closing of the transaction is expected by mid-January 2021.

About FAAC

FAAC is an Italian multinational at the forefront in providing solutions for the automation and control of pedestrian and vehicular access for residential and industrial applications.
The Group’s business is organized into 3 main divisions: Access Automation, Parking Management and Access Control. Customer orientation, quality, innovation, operating efficiency are the inspiring principles of FAAC’s way of doing business and every day FAAC aims to provide customers and users with cutting-edge solutions to make their life easier and safer. The headquarters is in Zola Predosa, Bologna, but has industrial and sales offices in 5 continents and 27 countries.

About the sellers

TENE Capital is a leading Israeli private equity fund that manages a portfolio of approximately one billion dollars invested in companies with high growth potential and a strong technological and export vocation.
Afcon is active in infrastructure and construction, technology development and implementation, automation control, communications, trade, as well as designing and building systems-intensive construction projects. Afcon is part of Shlomo, a leading Group in Israel which invests in industrial and commercial markets, including vehicles, transportation, shipyards, ports, logistics, real estate, hotels and insurance.

Allina Health and Children’s Minnesota selects TIBA Parking Systems to Create an Engaged Parking Experience to Serve Multiple Campuses in Minneapolis and St. Paul, Minnesota

June 02, 2020

Allina Health and Children’s Minnesota selects TIBA Parking Systems to Create an Engaged Parking Experience to Serve Multiple Campuses in Minneapolis and St. Paul, Minnesota

Patients, Visitors and Associates to use TIBA’s fast customer-friendly technology

(Minneapolis, MN) — Allina Health and Children’s MN has selected TIBA Parking Systems as their parking technology partner for at Abbott Northwestern Hospital and Phillips Eye Institute in Minneapolis, United Hospital in St. Paul, and the Children’s MN St. Paul and Minneapolis campuses. Through this partnership, TIBA will create and install a comprehensive parking technology suite to manage multiple Parking Ramps and Surface Lots with a total of 82 lanes and 9,649 spaces. The agreement also calls for TIBA to provide support and service of the equipment.

“We are very excited that TIBA Parking Systems has been named as the PARCS provider for the Allina Health campuses in Minneapolis and St. Paul,” said Jon Bowsher, President of TIBA North & South America. “TIBA continues its growth during these uncertain economic times, and Allina Health is a well-known client that adds more depth and credibility to TIBA’s Healthcare portfolio. We are proud that Allina Health, our new parking partner, will have the most advanced, user-friendly parking technology in the world, and users at the Allina Health Campuses will enjoy a significantly improved engaged parking experience.”

TIBA, one of the leading providers of Parking Access and Revenue Control Systems in the U.S., will install state-of-the-art parking equipment, including parking access control equipment and a level count package. TIBA’s SmartPark Facility Management Software will provide the flexibility for hourly, daily, and event parking and include scanners for Android/Apple Pay and Third-Party Apps for pre-payment of parking.

The spectrum of services TIBA Parking Systems will provide Allina Health includes:

• Luum Parking Integration for added convenience to manage facility demand
• An extensive multi-campus PARCS System residing on a remote virtualized network
• A scalable solution that is easily expandable to meet future Allina Health growth and modern technologies
• Fully Integrated License Plate Recognition solution for security and enhanced audit functions

About TIBA Parking Systems:

TIBA Parking Systems provides innovative hardware and software solutions for the parking market. Based on the latest generation of processors, cloud-based services and physical/wireless credential technologies, TIBA products are reliable, user-friendly and simple to install and maintain. TIBA Parking Systems continuously improves and develops its’ products with the aim of lowering the price of initial acquisition and the cost of ongoing maintenance. TIBA has successfully implemented this through a focus on quality development, while continuing to listen closely to customer requirements and requests. This allows owners and operators to keep the capital investment down while still enjoying all the latest functionality. With extensive global experience, TIBA’s robust, scalable cloud architecture enables parking operators to keep pace with the latest trends in centralized operations, automated smart facilities, ticketless and frictionless parking, web reservations, and mobile payments. TIBA’s flexible systems facilitate IoT-connectivity and leverage big data to increase revenue. TIBA’s agile integrations with third party systems empower parking operators to be an integral part of the growing smart cities ecosystem.
For over 30 years, TIBA serves parking operators and owners globally, both directly and through its extensive network of Value Added Resellers across diverse industries such as hotels & hospitality, airports, universities, shopping centers, hospitals & medical centers, and local, state & federal governments. For more information about TIBA Parking Systems, visit www.tibaparking.com.

TIBA Parking to be Installed in 20 Lanes at Tulsa Airport

December 11, 2019

TIBA Parking to be Installed in 20 Lanes at Tulsa Airport

Tulsa, OK – TIBA Parking, in partnership with Associated Time Instruments, its’ Value-Added-Reseller (VAR), is launching the Engaged Parking Experience with the Tulsa Airport Improvement Trust in Tulsa, Oklahoma. The installation includes four facilities containing the main garage, the economy lot, and two employee lots.

“Associated Time has had a long history of servicing and supporting the Tulsa International Airport and we are excited to be able to be a part of their future as well with the installation of the state of the art TIBA Parking Systems solution,” stated Christopher Archer, President of Associated Time Instruments. “We are confident that our solution, along with our partnership with LAZ Parking on this project, will provide the ultimate Engaged Parking Experience for all airport patrons.”

The project totals 20 lanes and involves the following solutions.

• Cashiered lanes
• Credit Card only Pay-in-Lane
• AVI to accommodate the Frequent Flier Program
• Integrating ingress/egress of the Airport Shuttles through TIBA

“The Engaged Parking Experience is pivotal for the Tulsa Airport,” said Jon Bowsher, President of TIBA North and South America. “By incorporating the Frequent Flier Program and Airport Shuttles into the PARCS solution, we are giving each patron the best possible experience. The local service of Associated Time in conjunction with the international and extensive experience of TIBA, provides a world-class support system for the Tulsa International Airport.”

Installation begins at the Tulsa Airport in December 2019.

About TIBA Parking: TIBA Parking Systems provides innovative hardware and software solutions for the parking market. Based on the latest generation of processors, cloud-based services and physical/wireless credential technologies, TIBA products are reliable, user-friendly and simple to install and maintain. TIBA Parking Systems continuously improves and develops its’ products with the aim of lowering the price of initial acquisition and the cost of ongoing maintenance. TIBA has successfully implemented this through a focus on quality development, while continuing to listen closely to customer requirements and requests. This allows owners and operators to keep the capital investment down while still enjoying all the latest functionality. With extensive global experience, TIBA’s robust, scalable cloud architecture enables parking operators to keep pace with the latest trends in centralized operations, automated smart facilities, ticketless and frictionless parking, web reservations, and mobile payments. TIBA’s flexible systems facilitate IoT-connectivity and leverage big data to increase revenue. TIBA’s agile integrations with third party systems empower parking operators to be an integral part of the growing smart cities ecosystem.

For over 30 years, TIBA serves parking operators and owners globally, both directly and through its extensive network of Value Added Resellers across diverse industries such as hotels & hospitality, airports, universities, shopping centers, hospitals & medical centers, and local, state & federal governments. For more information about TIBA Parking Systems, visit www.tibaparking.com.

About Associated Time: Associated Time Instruments is a leading supplier of Workforce Management Systems, Parking and Revenue Control Equipment, and Access Control Systems. Our company is a leader in all of our markets, we distinguish ourselves by providing superior products, expert consulting and engineering, quality installations, comprehensive support, and professional services. Associated Time Instruments provides both standard software products and custom software solutions, we have consistently provided modern and effective solutions to our customers during the past 60 years.

City of Santa Cruz Selects TIBA Parking Systems to Create an Engaged Parking Experience to Manage Four City Owned Parking Facilities

October 18, 2019

City of Santa Cruz Selects TIBA Parking Systems to Create an Engaged Parking Experience to Manage Four City Owned Parking Facilities

Agreement also includes multi-year contract for support and service

Santa Cruz, CA (October 18, 2019) – TIBA Parking Systems has been selected by the City of Santa Cruz, California to be their long-term parking technology partner. Through this partnership, TIBA will create and install a comprehensive parking technology suite to manage four city-owned public parking facilities with a total of 17 lanes and 1,675 spaces. The agreement also calls for TIBA to provide support and servicing of the equipment through 2026.

“We are very proud that the City of Santa Cruz has chosen TIBA Parking Systems as their partner to provide innovative software solutions for the next seven years,” said Jon Bowsher, President of TIBA North & South America. “Through this partnership the City will now boast the most advanced, user-friendly parking technology in the world, and drivers will enjoy a significantly improved engaged parking experience.”

TIBA Parking, one of the leading providers of parking access and revenue control systems in the U.S., will install state-of-the-art parking equipment, including parking access control equipment and a level count package for the city operated garages. TIBA’s SmarkPark access control software will provide the flexibility for the monthly permit parkers to set up and update their own accounts via the web. The new equipment will be installed in Santa Cruz’ Soquel Garage, River & Front Garage, Locust Garage, and Santa Cruz Wharf Lot.

The spectrum of services TIBA Parking Systems will provide Santa Cruz includes:

• Multi-year contract for the city facilities, including support and maintenance
• A scalable solution that can be easily expanded to meet future technologies
• Long Range Maxi-Prox readers installed at each facility
• Integration with the City parking facilities’ one-to-one platform for better management control and auditing
• Level Count System offering accurate space availability for each facility

About TIBA Parking Systems: TIBA Parking Systems provides innovative hardware and software solutions for the parking market. Based on the latest generation of processors, cloud-based services and physical/wireless credential technologies, TIBA products are reliable, user-friendly and simple to install and maintain. TIBA Parking Systems continuously improves and develops its’ products with the aim of lowering the price of initial acquisition and the cost of ongoing maintenance. TIBA has successfully implemented this through a focus on quality development, while continuing to listen closely to customer requirements and requests. This allows owners and operators to keep the capital investment down while still enjoying all the latest functionality. With extensive global experience, TIBA’s robust, scalable cloud architecture enables parking operators to keep pace with the latest trends in centralized operations, automated smart facilities, ticketless and frictionless parking, web reservations, and mobile payments. TIBA’s flexible systems facilitate IoT-connectivity and leverage big data to increase revenue. TIBA’s agile integrations with third party systems empower parking operators to be an integral part of the growing smart cities ecosystem.

TIBA Parking Systems to Expand LPR Offerings with RED LPR

October 17, 2019

TIBA Parking Systems to Expand LPR Offerings with RED LPR

Columbus, Ohio (October 16, 2019) – TIBA Parking Systems and RED LPR are launching a global partnership to expand TIBA’s current license plate recognition (LPR) solutions.

TIBA’s customers and Value Added Reseller’s (VAR’s) have immediate access to the full spectrum of RED LPR’s Fixed-Lane and REDmobile solutions.

“It is a proud moment at RED LPR as our team has been working for months with one mission in mind: to develop a simple, accurate and reliable set of LPR solutions for the parking market,” says Sagy Amit, Founder and VP Marketing for RED LPR. “With that mission in mind, and after thorough testing and an endorsement from TIBA, this partnership serves as a stamp of approval that we are well on our way to achieve and exceed those stated goals.”

TIBA Parking chose to solidify a partnership with RED LPR because of their focus on accuracy, reliability, and simplicity. After excellent results during field testing in live customer sites, TIBA Parking has certified RED LPR as a formal partner.

“As a market leader in PARCS, TIBA’s goal is to present our customers and VARs with world-class options so they can apply the solution that best fits their project’s needs,” stated Jon Bowsher, President of TIBA North and South America. “By growing our LPR repertoire to include RED LPR, we are able to support more projects with unique needs and different budget restraints. We have confidence in RED LPR to provide our customers with a world-class experience.”

The partnership is effective immediately.

About TIBA: TIBA Parking Systems provides innovative hardware and software solutions for the parking market. Based on the latest generation of processors, cloud-based services and physical/wireless credential technologies, TIBA products are reliable, user-friendly and simple to install and maintain. TIBA Parking Systems continuously improves and develops its’ products with the aim of lowering the price of initial acquisition and the cost of ongoing maintenance. TIBA has successfully implemented this through a focus on quality development, while continuing to listen closely to customer requirements and requests. This allows owners and operators to keep the capital investment down while still enjoying all the latest functionality. With extensive global experience, TIBA’s robust, scalable cloud architecture enables parking operators to keep pace with the latest trends in centralized operations, automated smart facilities, ticketless and frictionless parking, web reservations, and mobile payments. TIBA’s flexible systems facilitate IoT-connectivity and leverage big data to increase revenue. TIBA’s agile integrations with third party systems empower parking operators to be an integral part of the growing smart cities ecosystem.

About RED LPR: With a clear and concise mission statement, “To be A Simple to work with, Reliable and Accurate LPR manufacturer, that offers a full spectrum of LPR solutions globally.” RED LPR marks the 3.0 evolution of LPR technology for the Parking Industry. RED makes LPR accessible for even the smallest Parking facility, while Accurate and Reliable enough for larger networks of Parking facilities that span a nation or world-wide. RED offers Simple to implement access control that improves your Parking safety and Security on one hand, while improving customer experience and loyalty with seamless, hands-free entry and exit to the Parking facility. RED helps you make a good first, and last impression on your most valuable assets, monthlies and transients alike. www.redlpr.com

TIBA: Waterloo Regional Airport Parking Increases Profitability by 41%

August 16, 2019

TIBA: Waterloo Regional Airport Parking Increases Profitability by 41%

Waterloo, IA (August 15, 2019) – TIBA Parking, in conjunction with Parking Inc., installed access and revenue control equipment at Waterloo Regional Airport, and after one year of operation, the airport has seen a net increase of 41% in revenue.

TIBA Parking and Parking Inc. were awarded the contract to reconfigure the parking facility by replacing existing equipment including ticket dispensers and pay in lane devices, and activating TIBA’s world-class entry, exit, and access only lane equipment, along with an integrated LPR system on all lanes.

The seamless LPR system, along with TIB@pay, resulted in an increased ease of use for customers, faster entry and exit, and a substantial decrease in operating costs. Waterloo Regional Airport was pleased with the increase in profitability and Sheila Combs, Regional Airport Administrator commented, “We’ll sure take the bump of 41%!”

TIB@Pay, TIBA’s payment application for handling traditional bank card payments, also increased the speed of individual transaction times to an average of 3-5 seconds allowing a prompt and simple egress.

“With the implementation of the TIBA solution, in conjunction with license plate recognition, users and operators have felt a new ease of use,” stated Craig Buscher, Sales Manager for Parking Inc. “LPR allowed for no lost tickets at egress and decreased cheating, or people not paying for various reasons. LPR also eliminated and greatly reduced lane downtime due to high reliability. Servicing fees to customer were also cut drastically compared to the old extinct system. We look forward to our continued partnership with Waterloo Regional Airport.”

“The TIBA team celebrates the positive revenue growth experienced by the Waterloo Regional Airport. We look forward to the continued success of their facilities, and an even higher increase in their profitability,” said Jon Bowsher, President of TIBA North & South America. “Our solutions are efficient and simple to use for both the driver and operator, and the Waterloo Regional Airport is another great example of the success an effective solution can provide.”

About Parking-Inc: Smart Solutions for Parking Operators. Parking operations are not all the same. It is important to develop a system which will provide the owner with appropriate revenue and controls, while giving the parker the hassle-free experience commuters want. The needs are very different for a medical center than they are for a hotel, a university, a shopping center, or a mixed-use property. Parking-Inc can help sort out what systems are best for each purpose, provide that system and equipment, and then give you the ongoing maintenance to keep your system running smoothly. Owners looking to update systems can look to Parking Inc. for new parking equipment systems, new payment stations, retrofitting LED lighting in parking garages, or a new security camera system.

SpotHero Partners with TIBA to Release First-Ever Visualizations of Integrated Online & Drive-Up Parking Data

June 08, 2019

SpotHero Partners with TIBA to Release First-Ever Visualizations of Integrated Online & Drive-Up Parking Data

Integrations and shared data power inventory, pricing and access solutions to improve occupancy rates and drive more revenue for parking operators

CHICAGO, I.L. (June 6, 2019) – SpotHero, the #1 consumer marketplace and mobility platform for off-street parking in North America, and TIBA, the industry innovator in parking management software and hardware solutions for centralized parking operations, today announced a strategic partnership to power a 360-degree view of online and offline parking demand data, advanced yield management capabilities, and frictionless redemption for a better parking customer experience.

This long-term partnership introduces a standardized process for implementing online reservations and joint product yield management via TIBA’s powerful parking API, SmartConnect, SpotHero’s parking mobility platform and SpotHero’s network of high-demand off-street facilities across 300 markets in the U.S. and Canada.

SpotHero and TIBA will leverage TIBA’s Bluetooth technology, ParkBlue, to power easy one-tap redemption, eliminating the need for drivers to roll down their windows to present an access credential. The advanced access capability, coupled with yield management and 360 degree insights, lays the foundation for operators to process drive-up payments for drivers today, and seamless access and payments for fleets and autonomous vehicles in the near future, as the urban mobility ecosystem continues toevolve.

“TIBA is a proven leader in parking management solutions that provide operators with the data and technology needed to make smarter decisions about how to price and manage their inventory,”says MarkLawrence, CEO and Co-founder of SpotHero. “We’re very excited to marry SpotHero’s real-time search and demand data – three to four times larger than that of any other online reservations platform – with TIBA’s data to create a 360-degree view of demand and actionable insights for operators to drive more revenue. The way we see it, making it possible for customers and vehicles to easily find, reserve, pay for, and redeem parking is key to securing parking’s rightful place at the center of the urban mobility ecosystem. It’s clear that TIBA shares this vision. That’s why we’re putting our platforms to work – together.”

“By joining forces, TIBA and SpotHero can deliver a 360 degree view of data for occupancy, duration of stay, and online demand so that operators can maintain ideal capacity and increase revenue,” says Levi Rinkoff, Executive Vice President at TIBA. “TIBA’s innovative solutions let parking operators keep pace with the latest trends in centralized operations, automated smart facilities, online reservations, and mobile payments. The outcome of this partnership is a parking operator platform for combined online and drive-up data, smarter yield management, and a better process for supporting and redeeming digital passes. We’re laying the groundwork for facilitating payments, access, and redemption for all types of vehicles that need to park.”

SpotHero and TIBA are currently piloting platform integrations and have plans to expand into more North American markets later this year. Pilot facilities are equipped with online reservations, yield management data integrations, and BLE redemption. Due to the digital infrastructure in place, these locations are prepared for challenges around payments, access, and redemption for fleets, autonomous vehicles, and other emerging methods of urban mobility.

To learn more about this partnership, visit the SpotHero (#410) and TIBA (#841) booths at the IPMI Conference & Expo 2019 on June 9-12 in Anaheim, California.

About SpotHero

SpotHero is the #1 consumer marketplace and mobility platform for off-street parking in North America. SpotHero is curbing the rise of urban congestion by changing the way millions of people park every day. Using SpotHero’s portfolio of mobile apps and websites, drivers find, book and access a parking facility near their destination, eliminating the need to circle the block in search of parking. SpotHero’s platform enables leading mobility companies to build seamless parking experiences directly into their products. For more information, visit SpotHero.com.

About TIBA Parking Systems:

For 30 years, TIBA has provided innovative solutions for the parking market, resulting in reliable, user-friendly products that lower the price of initial acquisition and the cost of ongoing maintenance. TIBA has successfully implemented this through a focus on software development, while continuing to enhance and support its reliable hardware platforms. This allows owners to keep the capital investment down while still enjoying the latest software functionality. With extensive global experience, TIBA’s robust, scalable architecture enables parking operators to keep pace with the latest trends in centralized operations, automated smart facilities, web reservations and mobile payments. TIBA’s flexible software grants parking operators to be IoT-connected and leverage big data to increase revenue. TIBA’s agile integrations with third party systems empower parking operators to be an integral part of the growing Smart Cities ecosystem.

TIBA serves parking operators and owners globally, across diverse industries such as hotels & hospitality, airports, universities, shopping centers, hospitals & medical centers, and local, state & federal governments. For more information about TIBA Parking Systems, visit tibaparking.com.

TIBA Parking Launches the X60 Line of Parking Equipment, Transforming and Modernizing Off-Street Parking Operations

June 05, 2019

TIBA Parking Launches the X60 Line of Parking Equipment, Transforming and Modernizing Off-Street Parking Operations

Columbus, OH (June 5th, 2019) — In response to parking operators’ and owners’ demands to modernize their operations, increase revenue and profitability, and a global shift towards increased security initiatives, TIBA is launching its’ new X60 family of lane and payment equipment, as part of the “Engaged Parking Experience” product line. The suite will be displayed at the IPMI Conference & Expo and includes new lane and payment equipment, cloud solutions for PARCS management, a new mobile-based platform for digital operators, and a cross-brand parking intelligence service. These new solutions will allow operators to reduce overall operational costs, increase efficiency, simplify installation and serviceability, and increase security of systems.

TIBA’s new X60 hardware family, to be unveiled at IPMI, is part of the Engaged Parking Experience. Designed around a completely new parking-specific processor, the new hardware is highly secure, exceptionally fast, and with the largest transaction storage volume. The X60 uses native TCP/IP communication, but can also support Rs485 protocol allowing a complete mix-and-match between TIBA’s current hardware line and the new hardware family, protecting TIBA’s customers’ investment. The extra-large touch screen allows for a sophisticated user interaction with dynamic rate displays, multiple payment options, and a personalized experience. The X60 provides a ticketless, frictionless experience but has the capacity to hold the largest ticket roll in the industry. A built-in pin-hole camera and VoIP intercom complete the engaged experience.

The new X60 family, with its modern and up to date processor-based technology, is the fastest and most secure system in the market. The design facilitates installation, maintenance and repair, and with separate compartments for installers and operators to further protect the systems from accidental tampering. The X60 line supports a multitude of credential readers and sensors, with a customizable faceplate and an extra-large multifunctional display. A modern look and feel, and a smaller footprint give the systems a refined appearance. As with all TIBA systems, and based on our 30 years of filed experience, the new hardware is stainless steel providing durable weather resistance and longevity.

“As parking operators and drivers enter the new age of connected parking, they expect new systems to fulfill these requirements without having to massively replace the existing install base. TIBA’s mix and match solution, where equipment from different generations can easily coexist, allows our customers and operators to safely transition from existing systems to newer generation solutions and benefit from the new engaged parking experience,” said Moshe David, CEO of TIBA. “We provide the tools for our customers to be efficient, competitive, and modern.”

“We are excited about the opportunity to expose TIBA’s new hardware family to our customers,” said Barry Lazowski, Founder and COO of Control Systems, Inc. “As a Value-Add Reseller, we have been asked by customers to provide new and improved solutions without the need to change their entire existing infrastructure. We are excited that TIBA not only listens to their partners and customers, but also acts positively on their demands. This new product family is a game changer!

Web: www.tibaparking.com

Email: info@tibaparking.com

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