INRIX Acquires ParkMe for Undisclosed Sum

  • Feed Type
  • Date
    9/10/2015
  • Company Name
    ParkMe
  • Mailing Address
    1334 3rd St. Promenade Santa Monica, CA 90401 USA
  • Company Description
    ParkMe, founded by Sam Friedman and Alex Israel and headquartered in Santa Monica, California, is a provider of dynamic and real-time parking data. ParkMe offers comprehensive coverage in 500+ cities in the US, Canada, and Europe by providing rates, hours, entrance points, and occupancy information.
  • Website
    http://www.parkme.com
  • Transaction Type
    M&A
  • Transaction Amount
    Undisclosed
  • Transaction Round
  • Proceeds Purposes
  • M&A Terms
    Financial terms of the transaction were not disclosed by the companies. INRIX says it plans to keep the Santa Monica, Calif-based company fully intact, and integrate its brand and technology into INRIX’s connected car platform.