Add-on Acquisition • Information Technology

JustPark Acquires Smarking

On October 25, 2022, JustPark acquired information technology company Smarking

Acquisition Context
  • This is JustPark’s 1st transaction in the Information Technology sector.
  • This is JustPark’s 6th transaction in the United States.
  • This is JustPark’s 2nd transaction in California.

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M&A Deal Summary

Date October 25, 2022
Target Smarking
Sector Information Technology
Buyer(s) JustPark
Deal Type Add-on Acquisition

Target Company

Smarking

San Francisco, California, United States
Smarking is a technology company serving commercial real estate owners, parking operators, municipalities, and others to maximize parking asset returns. The company's business intelligence and yield management software currently empowers over 2,500 parking locations across North America, maximizing asset income, tenant satisfaction, and cost savings. Smarking was formed in 2014 and is based in San Francisco, California.
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Buyer Overview 1

Buyer

JustPark

Dallas, Texas, United States

Category Company
Founded 2010
Sector Internet Software and Services
DESCRIPTION

JustPark is a technology company that provides software and hardware services for the global parking industry. The company's products provide multiple payment options, real-time reporting of parking revenue, support for dynamic pricing, and inventory availability and control. JustPark was founded in 2010 and is based in Dallas, Texas.


Deal Context for Buyer #
Overall 6 of 9
Sector: Information Technology 1 of 1
Type: Add-on Acquisition 6 of 8
State: California 2 of 2
Country: United States 6 of 8
Year: 2022 2 of 2
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2022-08-22 Fuzse

Dallas, Texas, United States

Fuzse is a payments integrator supporting independent software vendors (ISVs) and developers looking to integrate payment processing with mobile applications and e-commerce platforms, matching its solutions to multiple APIs and front-end technologies. Fuzse was founded in 2016 and is based in Dallas, Texas.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2024-03-21 JustPark

London, United Kingdom

JustPark is an app-based parking reservations technology and payments platform that serves more than 20 million drivers, representing $1 billion+ in booking volume. JustPark was founded in 2006 and is based in London, United Kingdom.

Buy -