TIBA Parking Systems
Access and Revenue Control Systems for Parking Management
Company Overview
Snapshot
Founded in January 1995, TIBA Parking Systems operates with 51–200 employees. The company was acquired by FAAC in December 2020, marking a significant exit in the automotive and mobility technologies sector.
Business overview
TIBA Parking Systems provides comprehensive solutions for parking management, integrating hardware, software, and cloud technologies. Their core product suite, including SPARK Suite Cloud, streamlines operations from vehicle entry to exit, focusing on efficiency, reliability, and ease of maintenance. The company serves various markets, including airports and hospitals, operating within the Automotive & Mobility Technologies sector, with a focus on urban mobility.
Strategic signal
In December 2020, TIBA Parking Systems was acquired by FAAC. This acquisition signals a strategic consolidation within the parking technology market, indicating FAAC's intent to expand its offerings and market reach in access and revenue control systems, and validating TIBA's technology and market position.
Log in to access full profile ›Company Intelligence Q&A
- What was a significant corporate event for TIBA Parking Systems?
- TIBA Parking Systems was acquired by FAAC in December 2020, transitioning its ownership and operations under a new corporate structure.
- When did TIBA Parking Systems receive its last disclosed funding?
- In September 2015, TIBA Parking Systems secured an investment from Tene Investment Funds.
- Which company did TIBA Parking Systems acquire?
- TIBA Parking Systems acquired Pink Park in August 2018, expanding its portfolio and market presence.
- What was a key customer implementation for TIBA Parking Systems in 2020?
- In April 2020, Port Everglades selected TIBA Parking Systems to implement an engaged parking experience at its cruise terminal facilities.
- What was a notable project for TIBA Parking Systems in 2019?
- In December 2019, TIBA Parking Systems was selected to install its parking solutions across 20 lanes at Tulsa Airport, enhancing the airport's parking infrastructure.