FLASH, the leading provider of flexible technology solutions for urban real estate, has acquired Parkonect. This acquisition gives real estate owners broader access to 21st century parking technologies that fit wherever their asset resides during the digital transformation and mobility expansion.
Parkonect and LIGHTNING are the only ones cloudborn, Mobile-first Parking technology Companies that offer Parking Access and Revenue Control that are continually adding new features and third-party integrations with over-the-air updates. Both companies help real estate thrive in today’s rapidly changing times Mobility ecosystem by facilitating connectivity and mobility in parks through real-time intelligence and digital trading tools.
“FLASH is committed to using technology that enables property owners to unlock the full value of their urban properties, and this includes assets with outdated infrastructure as well as those looking to modernize their parking systems“Says Dan Sharplin, Executive Chairman and CEO of FLASH. “The Acquisition Parkonect lets the industry know that we have access to flexible, agile parking Solutions no matter what PARKS System in the ground is critical to differentiating your wealth in highly competitive core urban markets. “
“When Parkonect came out ten years ago, we wanted to develop a cloud-based IoT platform that would complement the current level of parking technology. As a real estate developer, I knew firsthand how valuable this approach is to the traditional rip-and-replace model. ” said Harlan Karp, CEO and founder of Parkonect. “Our Sustainable System allowed wealth owners to take a relatively risk-free step towards modernization while proving their investment. I look forward to continuing to offer world-class solutions with FLASH that enable asset owners to sustainably improve the value of their assets. “
Parkonect will continue to advance its own product line and roadmap, giving both Parkonect and FLASH customers more options for parking in the 21st Asset management Solutions. For existing Parkonect customers, prices and service remain unchanged.
Karp continues: “We are excited to be part of the growing FLASH brand because we can focus on our passion – solving the biggest challenges of parking – with the added benefits of their world-class operations, sales and marketing teams. “
Peppercomm for FLASH
Senior Vice President, Automotive & Transportation Strategist
Cell phone: 908-347-1243
LIGHTNING is an innovator in the field of urban mobility and helps companies rethink one of their most valuable assets: the parking garage. Our award-winning cloud-based platform is tailor-made