About
Cellopark Technologies provides advanced technology and IoT-based solutions for the public and private parking sectors. The Cellopark system was developed to meet the rising demand for a more comfortable and modern way to pay for parking. The companys system uses cellular technology, which most drivers already own, to make parking fast and easy with its parking payment app. The Cellopark system is a complete end-to-end parking management system designed to integrate seamlessly into any parking ecosystem. The system includes on-street and off-street payment options, hardware, management software, and permit management and infringement solutions. In December 2020, private equity firm Fortissimo acquired the MGAR Group, along with its subsidiaries Prioricity and Cellopark.
Company Intelligence Q&A
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- When was Cellopark Technologies acquired and by whom?
- Cellopark Technologies was acquired in December 2020 by the private equity firm Fortissimo Capital as part of its acquisition of the MGAR Group.
- What was the acquisition amount for Cellopark Technologies?
- The acquisition of Cellopark Technologies, as part of the MGAR Group, was for $73,000,000 in December 2020.
- What is Cellopark Technologies' primary business?
- Cellopark Technologies provides advanced technology and IoT-based solutions for public and private parking sectors, offering an end-to-end parking management system with a parking payment app.
- In which geographic markets does Cellopark Technologies operate?
- Cellopark Technologies operates in the United States, Ecuador, Europe, Israel, and Australia.
- What was a significant operational development for Cellopark Technologies in January 2021?
- In January 2021, Cellopark Technologies was slated to operate a government-run app for electric vehicles, according to startupim data.
- When was Cellopark Technologies founded?
- Cellopark Technologies was founded in February 2004.
- What was a key partnership or service expansion for Cellopark Technologies in July 2018?
- In July 2018, Cellopark Technologies expanded its payment services to Israel's largest hospital.
- What was a product enhancement introduced by Cellopark Technologies in October 2018?
- In October 2018, Cellopark Technologies made a new roadside assistance package available to its parking customers.
- How many employees does Cellopark Technologies have?
- Cellopark Technologies has 38 employees, falling within the 11-50 employee range.