IPS Group, a provider of smart parking and curb management technologies, has acquired Populus Technologies, a company known for transportation data and mobility management solutions. The acquisition expands IPS’s capabilities by integrating Populus’ software platform with IPS’s parking, payment, and enforcement technologies.
This combination is designed to provide municipalities, universities, transportation agencies, and private operators with more comprehensive tools to support data-driven mobility planning.
The companies said the integration will enable clients to understand curb activity and mobility patterns more holistically, allowing them to optimize operations and plan for more intelligent, more sustainable transportation environments. With enhanced access to mobility data and analytics, clients will be able to evaluate supply and demand across curbs, parking assets, and multimodal transportation networks in a single platform.
The transaction is expected to accelerate IPS’s strategy of creating more unified smart city infrastructure solutions. IPS, founded in 2000 and headquartered in San Diego, operates offices in North America and Europe, providing technologies that connect parking meters, sensors, payment systems, and enforcement systems. Populus, founded to help cities manage increasingly dynamic mobility environments, brings expertise in curb data aggregation and policy management.
KEY QUOTES:
“unlocks a tremendous opportunity to help cities and operators bring parking and mobility management into the digital era.”
“Together, we’ll provide the tools needed to optimize efficiency, improve decision-making, and support smarter, more sustainable transportation systems.”
Regina Clewlow, CEO & Co-Founder, Populus Technologies, Inc.
“the acquisition of Populus represents an exciting milestone in our journey to expand IPS’s smart curb management ecosystem.”
“By combining our decades of expertise in parking technologies with Populus’ cutting-edge mobility and curb management platform, we are uniquely positioned to help our current and future clients gain better insights into data trends and elevate decision-making processes to navigate the future of transportation.”
Chad Randall, CEO, IPS Group, Inc.
