The expansion into Hollywood and Venice extends coverage of the Los Angeles Department of Transportation's LA Express Park program. Using Xerox's MERGE® platform, ParkMe helps travelers be more efficient with their driving and parking habits which can reduce up to 30 percent of urban traffic congestion.
"From sensor based infrastructures to proprietary algorithmic models, we are looking forward to a deeper expansion that will bring intelligent parking solutions to an even wider audience throughout the nation," said co-founder and COO of ParkMe, Alex Israel. "With success in Las Vegas, Miami Beach, and Austin, ParkMe is creating a streamlined city traffic model by empowering drivers with smart information."
Drivers in Hollywood and Venice, can now access reliable real-time rates, hours and availability where they need it most; allowing them to find the best parking spot quickly and easily. Information can be accessed through the LA Express Park website, ParkMe's smartphone apps and at www.ParkMe.com.
This solution goes beyond just making parking easier," said David Cummins, Senior Vice President, Xerox. "The ability for people to access up-to-the-minute information cuts emissions and helps cities improve traffic flow."
Based in Santa Monica, California, ParkMe is the leading global provider of real-time and static parking data and analytics to navigation companies, automotive OEMs, internet search and mapping portals, municipalities, parking operators and consumer smartphone platforms. Founded by Sam Friedman and Alex Israel, ParkMe's mission is to make parking easier. ParkMe has built the world's most comprehensive parking database, including more than 28 million on-street and off-street spaces in 81,000 worldwide locations, 3,100 cities, 57 countries and seven continents. Consumers can access ParkMe via GPS and in-car navigation systems, ParkMe.com, online widgets, and Android, iOS and Windows Phone apps.
ParkMe is backed by a highly respected group of investors, including Fontinalis Partners, IDG Ventures and Angeleno Group. Fontinalis Partners is a venture capital firm strategically focused on next-generation mobility. The firm was founded in 2009 by Bill Ford, Ralph Booth, Chris Cheever, Chris Thomas, and Mark Schulz. IDG Ventures is a global network of venture capital funds with approximately $5 billion under management and a portfolio of over 220 companies built over the last 15 years. Founded in 2001, Angeleno Group is a leading growth equity firm dedicated to investing in next generation energy and natural resources companies globally. Learn more at www.parkme.com.
Xerox is a global business services, technology and document management company helping organizations transform the way they manage their business processes and information. Headquartered in Norwalk, Conn., we have more than 140,000 Xerox employees and do business in more than 180 countries. Together, we provide business process services, printing equipment, hardware and software technology for managing information -- from data to documents. Learn more at www.xerox.com.
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