IBI Acquires HotSpot

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.