Attributes 203% revenue growth to rapid expansion into cities across North America
Atlanta, GA – November 16, 2018 — ParkMobile, the leading provider of smart parking and mobility solutions, today announced it was once again named to Deloitte’s Technology Fast 500™, a list of the 500 fastest growing technology, media, telecommunications, life sciences and energy tech companies in North America. ParkMoblie grew 203% during a three-year period to qualify for the Fast 500.
ParkMobile’s CEO, Jon Ziglar credits the rapid expansion of ParkMobile into cities across North America for the company’s 203% revenue growth. “This is a transformative time at ParkMobile,” said Ziglar. “We are seeing record growth in users and parking transactions as people everywhere are discovering a smarter way to park. Today, nearly 1 in 20 drivers in the U.S. have the ParkMobile app on their phone, so we expect this strong momentum to continue in 2019 and beyond.”
ParkMobile’s inclusion on the Fast 500 list comes toward the end of a successful year that saw the company hit the 10 million user milestone and expand service in several major cities including Los Angeles, Philadelphia, Alexandria, Santa Fe, Tampa and Berkeley. The company also recently became the exclusive parking provider for State Farm Arena in Atlanta and FirstEnergy Stadium in Cleveland.
“Congratulations to ParkMobile and the other Deloitte 2018 Technology Fast 500 winners on this impressive achievement,” said Sandra Shirai, vice chairman, Deloitte LLP, and U.S. technology, media and telecommunications leader. “These companies are innovators who have converted their disruptive ideas into products, services and experiences that can captivate new customers and drive remarkable growth.”
“Software, which accounts for nearly two of every three companies on the list, continues to produce some of the most exciting technologies of the 21st century, including innovations in artificial intelligence, predictive analytics and robotics,” said Mohana Dissanayake, partner, Deloitte & Touche LLP, and Industry Leader for technology, media and telecommunications, within Deloitte’s audit and assurance practice. “This year’s ranking demonstrates what is likely a national phenomenon, where many companies from all parts of America are transforming the way we do business by combining breakthrough research and development, entrepreneurship and rapid growth.”