Cellopark Technologies

Company Overview

Snapshot

Founded in February 2004, Cellopark Technologies operates with 11–50 employees. The company was acquired by Fortissimo Capital in December 2020.

Business overview

Cellopark Technologies delivers advanced technology and IoT-based solutions for public and private parking sectors, focusing on modernizing parking payment. Its core offering is the Cellopark system, an end-to-end parking management solution that integrates on-street and off-street payment options, hardware, management software, and permit and infringement solutions. The company operates within the Automotive & Mobility Technologies sector, specifically targeting urban mobility and consumers, particularly drivers, with its cloud-based mobile payment platform.

Strategic signal

In January 2021, Cellopark Technologies won a tender from the Ministry of Energy to develop and operate a government-run app for electric vehicle charging stations. This initiative signals the company's strategic expansion beyond traditional parking management into the burgeoning electric vehicle infrastructure market, indicating a move towards broader smart mobility solutions and green transportation.

Company Intelligence Q&A

What was a significant corporate development for Cellopark Technologies in late 2020?

In December 2020, Cellopark Technologies was acquired by private equity firm Fortissimo Capital as part of its acquisition of the MGAR Group for NIS 240 million.

What strategic initiative did Cellopark Technologies undertake in January 2021?

In January 2021, Cellopark Technologies won a tender from the Ministry of Energy to develop and operate a government-run app for electric vehicle drivers to locate charging stations, providing information on pricing, availability, and functionality.

How did Cellopark Technologies expand its service offerings in October 2018?

In October 2018, Cellopark Technologies expanded its services to include a nationwide roadside assistance package, Cellopark Premium Rescue, available through its app in partnership with Femi Premium.

Which major institution did Cellopark Technologies partner with for parking services in July 2018?

In July 2018, Cellopark Technologies expanded its off-street parking service to the Shiba Tel-Hashomer hospital in Israel, integrating with IPI and Skidata to facilitate mobile payments for the hospital's 5,300 parking spots.

How did Cellopark Technologies enhance parking convenience at a major retail location in May 2018?

In May 2018, Cellopark Technologies integrated its software into the parking system at the Azrieli Mall in Tel Aviv, enabling drivers to pay for parking via the Cellopark app using License Plate Recognition (LPR) technology.