FlashParking to merge with Arrive to improve driver parking experience

U.S. parking management software maker FlashParking said on Tuesday it would merge with Arrive, an online platform that allows drivers to find and book parking spaces.

FlashParking’s software helps manage parking at airports, malls, hotels and stadiums, among other busy locations. The Austin-based company counts private equity investment firm L Catterton among its investors.

The COVID-19 pandemic has spurred demand for fully digitized and touchless alternatives to traditional parking, allowing people to find, book and pay for parking without touching a keypad.

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