Inrix Acquires ParkMe

inrixInrix, a Kirkland, WA-based provider of real-time traffic information and connected driving services, completed the acquisition of ParkMe, a Santa Monica, CA company that helps consumers find parking, make reservations and mobile payments worldwide.

The amount of the deal was not disclosed.

In expanding the company’s data aggregation and industry expertise, the acquisition will allow INRIX to more rapidly deliver a comprehensive set of parking services, including finding, comparing, reserving, and paying for parking from a smartphone or vehicle. With these expanded capabilities, the acquisition further expand the company’s depth of the parking services it offers to Audi, BMW and Lexus, among others.

Led by Bryan Mistele, president and CEO, Inrix already provides driving intelligence to leading automakers and transportation agencies including Audi, BMW, Toyota, more than 60 U.S. Departments of Transportation, the U.K. Highways Agency and the Denmark Road Authority.
It has more than 400 customers in more than 40 countries. Inrix is backed by Intel Capital and Porsche Automobil Holding SE.

Led by Sam Friedman, CEO, and Alex Israel, COO, ParkMe provides real-time parking information to navigation companies and consumers. Consumers can access ParkMe via GPS and in-car navigation systems, ParkMe.com, online widgets, iPhone, iPod Touch, iPad and Android apps.
The company collects and aggregates data about both on-street and off-street parking and has built a comprehensive parking database which includes more than 84,184 locations spanning 3,232 cities in 64 countries.

FinSMEs

11/09/2015

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