Announced
Financials
Sources
Tags
United States
parking management
Acquisition
Domestic
Single Bidder
Software
Pending
Private
Friendly
Majority
Synopsis
FLASH, a cloud parking software and mobility transformation company, agreed to acquire Ticketech, a parking technology company. Financial terms were not disclosed. "When we founded FLASH, the parking industry was poised for transformation, and digital mobility platforms were nascent. Today we are rapidly future-proofing urban mobility infrastructure by providing an agile, cloud-based, mobile-first platform for the opportunities facing drivers, utilities, asset owners, and parking operators. New York is the most dynamic global mobility market and we see massive opportunity in modernizing the New York parking and mobility industry. Ticketech shares our vision and is the perfect partner to tackle this unique, sizable opportunity," Dan Sharplin, FLASH CEO and Chairman.
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