<div>
  <ul>
    <li>
      <p>
        ParkHub, a parking inventory management solution provider, announced that it has acquired Smarking, a parking management platform, for an undisclosed amount.
      </p>
    </li>
    <li>
      <p>
        The acquisition is expected to strengthen ParkHub&rsquo;s suite of solutions and expand its market presence.&nbsp;
      </p>
    </li>
    <li>
      <p>
        Smarking offers a proprietary parking management technology used by city municipalities, parking operators, and parking asset owners. Smarking&rsquo;s business intelligence (BI) platform unifies parking data in a single platform, providing real-time updates on key metrics, email alerts for anomaly detections, and data-driven recommendation and benchmarking tools. The platform currently serves 2,500+ locations in the US, including cities such as Aspen, Santa Monica, Santa Cruz, Miami, and Pasadena.
      </p>
    </li>
    <li>
      <p>
        <b>Analyst QuickTake: </b>
        The acquisition of Smarking extends ParkHub&rsquo;s geographical reach in the parking inventory management space by significantly increasing the number of locations in the US while also diversifying its activities beyond large-scale parking venues. This is also likely to complement the firm&rsquo;s latest additions in payment processing solutions, which include 
        <a href="https://sp-edge.com/updates/12569">
          Fuzse,
        </a>
         (acquired in August 2022) and Curbtrac,(acquired in July 2021) where the firm can leverage Smarking&rsquo;s suite of BI analytical solutions to provide insights on parking revenue projections and upsell recommendations.
      </p>
    </li>
  </ul>
  <p>
  </p>
</div>


<div>
  <p>
    <a href="https://parkhub.com/parkhub-acquires-business-intelligence-leader-smarking/">
      Press release
    </a>
  </p>
</div>


Smart Mobility Information

ParkHub acquires parking inventory management provider Smarking

<div>

<p>Flash, a company offering parking management software and hardware solutions, has secured USD 85 million in debt financing from Vantage Infrastructure. This amount has the potential to increase up to USD 100 million.</p>
<p>The company intends to utilize the funds for a new special purpose vehicle (SPV). This SPV aims to boost the platform's adoption and offer customers an array of payment choices. These include monthly payment plans for EV charging infrastructure and other innovative parking technologies.</p>

</div>

Flash raises USD 85 million in debt financing for newly formed SPV to enhance adoption

ANALYST_QUICK_TAKE

INCUMBENTS_PRESENT

PROMINENT_CATEGORY

<div>

 <p>TAPCO, a traffic safety innovations company, has teamed up with mobility platform developer NoTraffic. This collaboration is focused on providing urban mobility solutions to traffic agencies.</p>
 <p>TAPCO plans to make available NoTraffic's AI-driven traffic management platform to selected communities in Wisconsin, Illinois, and Indiana. The platform employs smart sensors and AI to enhance the smoothness of traffic flow, reduce traffic jam, and boost safety by altering signal lights as per instant traffic requirements.</p>
 <p>The purpose of this partnership is to bolster traffic management proficiency in the Midwest by utilizing NoTraffic's technology to detect and prioritize various road stakeholders, including pedestrians and micromobility users, with the aim of creating safer and more efficient roads.</p>

</div> <p><b>Analyst QuickTake:<br>
</b> The company has been entering a number of partnerships in the past few months. The company partnered with <a href="https:<br>
//sp-edge.com/updates/28736"> HAAS Alert </a> &nbsp;to enhance road safety by combining advanced traffic technologies with digital alert systems and with <a href="https:<br>
//sp-edge.com/updates/28936"> Bosch </a> to enhance TAPCO's Wrong-Way Alert Systems with Bosch's Intelligent Transport Systems (ITS) cameras.</p>

TAPCO partners with NoTraffic to offer AI-powered traffic management in Midwest

<div>
 
 <p>Optibus, a platform focussed on planning and management of urban bus transport, has taken over Datik, a company that gives real-time visibility and improves operational efficiency for public transport providers, for an undisclosed amount.</p>
 <p>Datik's technology enhances real-time visibility and makes operation more efficient for public transport providers, facilitating a safer and more reliable service for passengers.</p>
 <p>It is anticipated that this acquisition will boost Datik's growth while also creating product synergies in the fields of data, optimization, and cloud computing. In addition, it will further real-time insights, enhance operational agility, and improve both driver and passenger experiences in public transportation.</p>
 
</div> <p><b>Analyst QuickTake:<br>
</b> Optibus's strategy of inorganic growth is not new. In April 2022, the company also <a href="https:<br>
//blog.optibus.com/announcements/optibus-expands-in-north-america-with-acquisition-of-trillium"> acquired Trillium, </a> a SaaS provider helping transit operators and agencies keep riders informed, to diversify its service offering by integrating Trillium's data-centric products and services.</p>

Optibus acquires Datik for undisclosed sum to expand public transportation optimization capabilities

<div>
 
 <p>Public transit data platform Swiftly has purchased Hopthru, a firm that specialises in ridership data and analytics. The specific financial details of the deal have not been disclosed. Following the acquisition, Hopthru's ridership data and analytics offering will be integrated into Swiftly's platform.</p>
 <p>Transit agencies turn to Hopthru for their ridership analytics needs, enabling data-driven decisions. It has worked with a number of notable agencies including North County Transit District, San Diego, the Kansas City Area Transportation Authority and 'The Bus' in Prince George's County to name a few.</p>
 <p>This move aims to equip transit agencies with the tools they need to access, monitor, clean and analyse ridership data. The information is useful for various purposes such as reporting for the National Transit Database (NTD), scheduling and service planning. With this acquisition, Swiftly's platform will now feature critical transit performance data, providing agencies with details about ridership through CAD/AVL vendor, a stand-alone APC system or Swiftly's APC Connector.</p>
 
</div>

Swiftly acquires Hopthru to add ridership analysis and NTD reporting to transit data platform

<div>
 
 <p>Software and hardware solutions firm, Flash, has teamed up with Waze, a navigation app owned by Alphabet, to facilitate reservable parking transactions throughout the US.</p>
 <p>This collaboration empowers drivers to locate, reserve and pay for parking at 30,000 spots in North America via the Waze app. It also enables users to check details such as amenities, cost, and accessibility options prior to reservation.</p>
 <p>Flash's association with Waze, along with Google Search and Google Maps, centralizes operators' data regarding availability, cost, and performance measurements across these Google platforms.</p>
 
</div>

Flash partners with Waze to offer reservable parking transactions in navigation apps

<div>
 <p>Parsons Corporation, a company specializing in tech solutions for traffic management, has introduced an updated version of iNET, an intelligent transportation software that incorporates AI and machine learning for advanced monitoring and decision support.</p>
 <p>The new version features iNET Sidekick, an AI-powered virtual traffic operator that uses Azure OpenAI Service technology. It offers immediate insights into system data and suggests corrective measures through a conversational interface. The software is built on the Microsoft Azure platform and can be implemented as a Software-as-a-Service (SaaS) solution or as an enterprise platform.</p>
 <p>According to Parsons Corporation, the improved iNET enhances efficiency and safety, cuts down operational expenses, and aids in the reduction of greenhouse gas emissions.</p>
</div>

Parsons launches updated iNET, an AI-enabled smart mobility solution

<div>
 
 <p>Jersey City, New Jersey, has launched a free application called Citymapper JC, developed by Via. The app integrates information about all transportation services in the city into a single platform. It is designed to make navigation around the city using public transportation more efficient for both residents and visitors.</p>
 <p>Citymapper JC provides schedules, station and stop information for all modes of public transportation in the city, which includes buses, PATH, railways, ferries, subways, and Via Jersey City rides. The app also enables users to plan their trips in a customizable way, find the real-time location of buses as well as automatically re-route around disruptions. For those using bikes, the application provides safer options with turn-by-turn audio directions.</p>
 <p>According to city officials, the introduction of this app validates their commitment towards boosting job connectivity for residents, decreasing traffic congestions, and ultimately improving the quality of life in the city.&nbsp;</p>
 
</div> <p><b>Analyst QuickTake:<br>
</b> Via has been entering several partnerships to improve transit services. It had previously partnered with public transport companies and city authorities like <a href="https:<br>
//sp-edge.com/updates/31355"> Lorain County, </a> <a href="https:<br>
//sp-edge.com/updates/31209"> City of Gastonia, </a> <a href="https:<br>
//sp-edge.com/updates/30867"> Trinity Metro </a> in Tarrant County, Texas; <a href="https:<br>
//sp-edge.com/updates/21129"> Charlottesville Area Transit </a> in Albemarle County, Virginia; and <a href="https:<br>
//sp-edge.com/updates/22308"> Din Tur </a> in Sweden. These partnerships have been part of Via's ongoing strategy to enhance public transportation solutions.</p>

Jersey City launches free Citymapper app for public transportation

<div>
 <p>Smart mobility infrastructure management company Iteris is to be acquired by Almaviva, a private Italian digital innovation group. The agreement is set at USD 335 million, and includes a provision for Iteris shareholders to receive USD 7.20 per share in cash. The acquisition is slated to conclude in late 2024.</p>
 <p>After the acquisition, Almaviva has plans to utilise Iteris' ClearMobility Platform to drive further innovation and grow its digital mobility services worldwide. Iteris will transition to a privately held company as a result of the acquisition and its common stock will cease to be traded on Nasdaq.</p>
 
</div>

Almaviva to acquire Iteris for USD 335 million to expand smart mobility infrastructure management

<div>
 
 <p>Iteris, a smart mobility infrastructure management firm, will collaborate with the City of Lakeland, Florida to improve traffic safety at specific intersections. The initiative is a response to a high rate of accidents attributed to red light running at several crucial city intersections. Through its advanced detection systems and data collection services, Iteris aims to heighten safety and lower collision risk. </p>
 
</div> <p><b>Analyst QuickTake:<br>
 </b> Iteris has been partnering with public to deployed its solutions. Last month, the company expanded its partnership with the <a href="https:<br>
//sp-edge.com/updates/31851"> San Francisco Bay Area Metropolitan Transportation Commission (MTC) </a> for a USD 3.75 million contract and the month before with the <a href="https:<br>
//sp-edge.com/updates/31852"> Texas Department of Transportation (TxDOT) </a> through a USD 2 million indefinite-delivery/indefinite-quantity (IDIQ) contract.</p>

Iteris selected for Intersection Safety Program by City of Lakeland

<div>
 
 <p>Swiftly, a public transit data platform, has formed a partnership with Cambridge Systematics (CS), a provider of transportation technology. The aim is to improve transit customer experience solutions.</p>
 <p>This collaboration brings together CS' transport expertise and Swiftly's transit data platform.&nbsp;</p>
 <p>Moreover, CS’s travel demand modeling platform, “LOCUS,” may have the potential to be integrated with Swiftly’s transit data. This would help to tackle challenges related to transit planning, operations and customer service.</p>
 
</div> <p><b>Analyst QuickTake:<br>
 </b> In the past few months, Swiftly has entered into back-to-back partnerships to integrate and enhance its platform. Last month, the company partnered with <a href="https:<br>
//sp-edge.com/updates/31361"> County Connection </a> to provide performance insights, and in April, it <a href="https:<br>
//sp-edge.com/updates/30459"> partnered with Optibus </a> to integrate its run-time data into the Optibus platform.</p>

All Updates

ParkHub acquires parking inventory management provider Smarking

Flash raises USD 85 million in debt financing for newly formed SPV to enhance adoption

TAPCO partners with NoTraffic to offer AI-powered traffic management in Midwest

Optibus acquires Datik for undisclosed sum to expand public transportation optimization capabilities

Swiftly acquires Hopthru to add ridership analysis and NTD reporting to transit data platform

Flash partners with Waze to offer reservable parking transactions in navigation apps

Parsons launches updated iNET, an AI-enabled smart mobility solution

Jersey City launches free Citymapper app for public transportation

Almaviva to acquire Iteris for USD 335 million to expand smart mobility infrastructure management

Iteris selected for Intersection Safety Program by City of Lakeland

Swiftly partners with Cambridge Systematics to enhance transit customer experience solutions

Smart Mobility Information

ParkHub acquires parking inventory management provider Smarking

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