Izix has acquired Toogethr, a provider of smart parking and charging management systems, for an undisclosed amount. The acquisition sees Toogethr, known for its automated solutions for the real estate, hospitality, and business sectors, become part of Izix. Toogethr’s platform automates parking and charging processes from end-to-end, enabling clients to monetize vacant parking spaces and integrate with existing hardware and software systems.
Toogethr's offering includes automated access control, comprehensive dashboards for real-time parking usage data, and modules like Toogethr Pay and EasyPark integration for commercial leasing of empty spots. The company also specializes in optimizing EV charging management, allowing users to reserve charging stations and manage queues efficiently. These solutions aim to prevent overcrowding, optimize resource utilization, and generate additional income for property owners.
This strategic acquisition strengthens Izix's position in the smart parking industry. By integrating Toogethr's flexible technology and market insights, Izix gains enhanced capabilities in automating complex parking and charging operations. The synergy between the two entities is expected to broaden their combined product portfolio, deepen market penetration, and leverage shared expertise to innovate within the smart parking ecosystem.
The combined entity is now better equipped to accelerate the development of advanced parking management solutions. With Toogethr's proven system and Izix's strategic vision, the aim is to set a new European standard in smart parking. This integration is anticipated to deliver more comprehensive and efficient solutions for businesses, property owners, and their users, driving forward the evolution of intelligent urban mobility infrastructure.