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With ParkMe acquisition, Inrix Will Tackle Pre-paid, Reserved Parking

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Forbes – Soon you’ll have to remember to make parking reservations in addition to your dinner reservations. Real-time traffic data company Inrix announced its acquisition ParkMe, and the tie-up will pave the way for drivers to find, reserve, and pay for parking near their destination before they leave their house.

ParkMe is one of the largest databases of on- and off-street parking in the U.S., and includes a growing number of parking lots that use radar sensors to display real-time availability of parking. The Santa Monica, Calif.-based start-up currently powers the Inrix Off-street Parking app, which is used by hundreds of thousands of drivers, according to Inrix spokesperson Mark Burnfeind, and is embedded in the head-unit in some Audi  vehicles in the U.S. and EU markets, and in many Toyota vehicles in the EU.   Read More