Posted October 16, 2018
Charlotte, N.C. (Oct. 9, 2018) — Passport today announced it has acquired NuPark, a leading parking management technology company. NuPark’s advanced LPR-based enterprise management solution for enforcement and permitting will help complement Passport’s strong base of mobile payment solutions to create a comprehensive mobility platform. Approximately 1 in 3 vehicles in the United States are processed through the combined system network, making Passport and NuPark leading players in the transportation industry. The NuPark combination brings Passport’s client count to over 550, and strengthens its ability to serve universities, hospitals and airports.
“With NuPark, we see an opportunity to create a differentiated offering for our clients, enabling them to further automate their operations under a single platform,” said Passport CEO, Bob Youakim. “Our technologies are very complementary and we are aligned by a shared vision. We see this as a unique opportunity to fundamentally change the mobility space and the industry for the better.”
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