June 16, 2021 (Austin, TX and Chicago, IL) – FLASH, the leader in flexible technology solutions for urban real estate, acquired Parkonect. This acquisition empowers real estate owners with wider access to 21st century parking technology that fits wherever their asset is along its digital transformation and mobility expansion.
Parkonect and FLASH are the only cloud-born, mobile-first parking technology companies delivering Parking Access and Revenue Control that continuously add new features and third-party integrations with over-the-air updates. Both companies help properties thrive in today’s rapidly shifting mobility ecosystem by facilitating connectivity and mobility in parking assets via real-time intelligence and digital commerce tools.
“FLASH is committed to deploying technology that empowers real estate owners to unlock the full value of their urban real estate, and that includes assets with legacy infrastructure as well as those looking to modernize their parking systems,” says Dan Sharplin, Executive Chairman and CEO of FLASH. “The acquisition of Parkonect lets the industry know that we believe access to flexible, agile parking solutions, no matter what PARCS system is in the ground, is vital for differentiating your asset in highly competitive urban core markets.”
