ParkHub Acquires Business Intelligence Leader Smarking

Leading B2B parking software and payments provider expands into commercial and municipal parking markets

DALLAS & SAN FRANCISCO--(BUSINESS WIRE)--ParkHub, a leading provider of parking software and payments solutions, announced the acquisition of Smarking, a leading provider of parking software for commercial real estate owners, parking operators, and municipalities. Through this acquisition, ParkHub broadens its product suite to further support existing customers and expands its presence into new end markets.

Founded in 2014 by Wen Sang and Maokai Lin, Smarking is a SaaS-based solution that empowers its customers to effectively manage their parking assets through access to real-time data and analytics. The company supports more than 2,500 parking locations for commercial real estate owners, municipalities, hospitals, universities, airports, and parking operators across North America. Smarking is best known for its ease of use, strong customer service, and broadfeature set of business intelligence, dynamic pricing, and digital permitting solutions.

“The addition of Smarking allows us to expand our product offering and better support our existing customers while continuing to grow and serve new markets”, said Conner Mowles, President of ParkHub. “We are thrilled to partner with Wen, Maokai, and the entire Smarking organization to deliver an end-to-end, parking software and payment processing solution that helps parking managers and owners increase revenue and drive operational efficiencies.”

“Smarking and ParkHub have a shared vision – a customer-centric, software-driven ecosystem that increases revenue and drives cost savings for parking managers, owners, and operators.” said Wen Sang, CEO of Smarking. “We are excited to join the ParkHub team and continue to provide industry-leading parking software and payments solutions to our customers.”

About ParkHub

Headquartered in Dallas, Texas, ParkHub is optimizing the world’s journeys by providing cutting-edge enterprise technology to support the parking industry. Founded in 2010 by parking industry veteran George Barker Sr., ParkHub provides a fully integrated software and payment processing solution to optimize parking operations, facilitate payments, and deliver real-time business insights to customers in multiple vertical markets, including sports, music & entertainment, higher education, parks & recreation, and other destinations. Through reliable technology, advanced reporting and analytics, and integrations with numerous parking and ticketing solutions, ParkHub helps clients increase revenue, improve operational efficiency, and deliver exceptional guest experiences. For more information, visit ParkHub.com.

About Smarking

Smarking is a San Francisco-based technology company serving commercial real estate owners, parking operators, municipalities, and others to maximize parking asset returns. Consisting of a team of MIT data scientists, urban real estate and mobility experts, software engineers, and business professionals, Smarking’s market-leading business intelligence and yield management software currently empowers over 2,500 parking locations across North America, maximizing asset income, tenant satisfaction, and cost savings. For more information, visit www.Smarking.com.