Orikan Group has acquired UbiPark, a parking technology company headquartered in Melbourne and with a growing footprint in the US.
UbiPark specialises in digital solutions for commercial property owners, parking operators and large institutional operations, maintaining a strong customer base across Australia, New Zealand, UK and the US.
The agreement will see UbiPark’s Founder and Chief Executive Officer Mosstyn Howell join Orikan as a member of the Executive Team, bringing a team of thirteen people to Orikan’s business.
Peter Neale, Orikan Chief Executive Officer, cites strong synergies between the two businesses as a key driver for the acquisition.
“UbiPark’s modern set of digital technologies complement our own, broadening our technology offering in the off-street parking segment. Alongside our July acquisition of GPS USA, the acquisition of UbiPark builds on our expansion into the US market. By joining forces with UbiPark we can offer our holistic, end-to-end parking solutions to even more communities, off-street operators and institutions across Australia, New Zealand, UK and the US.”
In his new role, Mosstyn Howell says the agreement will be particularly beneficial to all customers.
“Our strategic partnership with Orikan marks a pivotal step forward enhancing our capabilities and accelerating investment in our technology stack to deliver smarter, more seamless solutions for our customers.”
The acquisition represents a further step in Orikan’s growth strategy, expanding regional reach, combining complementary capabilities, and enhancing the technology delivered to customers.
About Orikan
Orikan is a global technology company headquartered in Melbourne Australia. Orikan is a world-class provider of an end-to-end suite of parking technology solutions that supports real communities. From meters, maintenance and sensors to infringement management, digital permits, smart payment applications, enforcement and analytics, we provide a one-of-a-kind, industry-leading suite of services. orikan.com
About Ubi Park
Ubi Park is a B2B provider of parking technology solutions that automate off-street parking operations. As a white-label technology provider, UbiPark powers parking administration for asset owners and operators. ubipark.com