Member News: ParkHelp Merges with Parking Sense, Expands Product Line
(Porirua, New Zealand – 4/28/20) ParkHelp and Parking Sense, leading providers of parking guidance solutions, recently announced the merger of the two companies to create the world’s leading provider of parking sensors and guidance systems for indoor and outdoor parking lots and structures.
The new company, ParkHelp Technologies, has significantly expanded its reach and product lines, creating the widest and most unified range of parking sensors available to customers on the market today.
ParkHelp, a parking guidance system company and early pioneer in single-space parking sensors for both indoor and outdoor parking facilities, was founded in Barcelona, Spain in 2004 by Alexis Puig. Parking Sense, the newer of the two companies, disrupted the the parking industry by offering a cost-effective, comprehensive, and easy to install suite of intelligent parking solutions.
The combined entity of ParkHelp Technologies is expected to exceed 1 million spaces under management in 2020.
News of the merger follows the appointment of Ed Robinson as CEO and executive director earlier this year, as well as Matt Taub being appointed Executive Vice President of Sales. Both Robinson and Taub will continue in their respective roles under ParkHelp Technologies. Alexis Puig, ParkHelp’s founder and CEO, joins ParkHelp Technologies’ executive team as Founder and General Manager EMEA and LATAM, and leads the design of next generation hardware and connected systems.
“This merger has proven to be a tremendous cultural and technological match,” said ParkHelp Technologies CEO Ed Robinson. “We now have super accurate single-space sensors for covered and uncovered parking, from desert to snowy conditions.”
ParkHelp Technologies’ combined set of sensors, including ultrasonic indoor sensors, outdoor wireless sensors, and car counters, will be immediately available to all existing customers and position the company as the premier provider of parking guidance systems.
In addition, ParkHelp Technologies is planning a Q2 release an improved outdoor sensor and a next generation parking camera to address critical gaps in smart parking technology as well as upgrading all sensors with Bluetooth capabilities.
Moving forward, ParkHelp Technologies will continue to invest in the depth and breadth of its product line as they lead the disruption of the parking industry.
“The future of parking will be built on the back of a robust network of sensors and an integrated technology platform combined with superior customer service—and we are very excited to be joining forces to help lead this change,” said Alexis Puig, ParkHelp’s founder and CEO.
The parking industry is estimated to be worth between $11 and $20 billion in the US alone, yet the smart/automated parking segment is still in the early stages of growth, with some researchers projecting an aggressive 13.4% CAGR between 2019 and 2025. With new leadership in place and as a result of this strategic merger, ParkHelp Technologies is well positioned to lead the industry through an exciting period of innovation and growth.
About ParkHelp Technologies:
ParkHelp Technologies, the product of the 2019 merger of two international parking system companies – ParkHelp (Est. 2004 in Spain) & Parking Sense (Est. 2014 in New Zealand) – offers the widest and most unified range of parking sensors available on the market today.
Headquartered in New Zealand, ParkHelp Technologies has regional offices in Spain, Brazil and the United States, with 42 employees worldwide, and is currently partnering with 400+ customers, in 50+ countries and is expected to exceed 1 million spaces under management in 2020. For more information, visit http://www.parkhelp.com.