ParkJockey, a fully-integrated parking technology solutions provider, announced an investment from the SoftBank. The company utilizes proprietary software and “best-in-class” hardware to make the parking experience more efficient for customers.
ParkJockey is a rapidly growing helping drivers get the best parking spaces in the off-street market via reservations or on-the-spot payments. With over 100,000 parking spaces under management, it is currently operating in Miami, Chicago, New York, San Francisco and all major cities in the UK.
The company also announced that it has entered into a definitive agreement with Mubadala Capital to acquire Imperial Parking Corporation from a subsidiary of Ontario Teachers and has acquired Citizens Parking, one of the leading parking management operators in the U.S. The Impark transaction is subject to regulatory approvals and other customary closing conditions with a close expected in the first half of 2019.
Source: Press Release