Spain's Telefonica and Streetline Partner for Smart Parking Solution

By Tracey E. Schelmetic November 14, 2012

If you live or work in a large city and drive a car, you’ll be familiar with the daily parking grind: wasting time looking for municipal parking spots that may or may not be available, circling lots that may or may not be full. Futurists have told us telematics – or “smart” car systems that offer navigation and climate control, among other things – can help with this, thanks to our smartphones.

It’s the place where smartphones, the mobile Internet, navigation systems and municipal parking programs all meet and marry.

Spain’s Telefonica and Streetline, Inc. have reached an agreement to jointly market telematics-enabled smart parking services that allow cities to optimize parking management, while delivering higher quality of life to their citizens by reducing car traffic.

The new agreement will give Telefonica's professional teams access to Streetline's  telematics products and services, giving the Spanish telecom giant a boost toward its goal of boosting revenue generation beyond connectivity. These M2M (machine to machine) products add incremental layers of value to customers in efficiency and sustainability, as they seek to gain competitive advantage. Streetline will provide Smart Parking services, applications, and technical support, while Telefonica will contribute with its m2m platforms, financial services, commercial network, including pre- and post-sales support, and customer care. Everything will be deployed over the best in class global networks of Telefonica.

"This innovative partnership with Telefonica represents the next step in the evolution of the global Smart Parking market," said Zia Yusuf, president and CEO of Streetline. "The demand for Smart Parking solutions around the globe only continues to grow. Together, we will leverage Streetline's market-leading products and Telefonica's strong commercial capabilities to deliver valuable solutions for municipalities, universities, and private operators alike."

Edited by Brooke Neuman

IoTevolutionworld Contributor

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