HotSpot - Ownership and Business Overview

Internet Software And ServicesCompany

HotSpot Ownership

Who owns HotSpot?

HotSpot is owned by IBI Group. It was acquired on June 1, 2022.

HotSpot Business Overview

Where is HotSpot headquartered?

HotSpot is headquartered in Fredericton, New Brunswick.

What sector is HotSpot in?

HotSpot is an internet software and services company.

When was HotSpot founded?

HotSpot was founded in 2013.

Internet Software And Services M&A Summary in 2022

Out of 60 sectors in the Mergr database, internet software and services ranked 3 in number of deals in 2022. The largest internet software and services acquisition in 2022 was VMware - which was acquired by Broadcom for $61.0B.

Join Mergr to view all 773 acquisitions of internet software and services companies in 2022, including 72 acquisitions by private equity firms, and 701 by strategics.

HotSpot

HotSpot Parking, Inc.

515 Beaverbrook Court,
Fredericton, New Brunswick E3B 1X6
Canada,
www.htsp.ca

HotSpot specializes in creating products for parking, transit, taxi, and merchant payments. Its low infrastructure requirement aids in the rapid rollout of flexible, integrated mobility solutions and provides savings to clients and consumers. The company responds to community parking needs, creating adaptable solutions, including digital permits, gated-entry solutions, and parking enforcement and citation management solutions. In addition to parking, the platform’s app offers clients a digitized resource, combining taxi and transit information so that users can book a taxi, keep track of travel expenses, receive real-time transit updates, schedule and pay for taxis, and pay for public transit. HotSpot was formed in 2013 and is based in Fredericton, New Brunswick.


Company Summary

SECTOR

Internet Software and Services

Established

2013

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