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Parkhub Acquires Fuzse

Aug 22, 2022•almost 3 years ago

Acquiring Company

ParkHub

Acquired Company

Fuzse

Dallas

Description

ParkHub, a leading provider of parking software and payments solutions, today announced the acquisition of another Dallas technology company, payments integrator Fuzse. The acquisition sees ParkHub increase its commitment to innovation in payments as not only an integration with its industry-leading parking management software, but as a key driver of customer insights for the company’s hundreds of customers in an array of industries and destinations.

Company Information

Company

ParkHub

Location

620 EXPOSITION AVENUE

Dallas, Georgia, United States

About

ParkHub is optimizing the world's journeys by providing cutting-edge enterprise technology to support the destination industry. The company's products offer contactless payment options, real-time operational data, robust performance analytics, and leading integrations with ticketing and parking reservation providers. For more information, visit parkhub.com.

M&A Insights

Based on deal data
Integration timeline
70% of M&A integrations take 12-24 months to complete
Tech stack consolidation
83% of merged companies consolidate technology vendors within first year
Post-acquisition investment
Companies increase IT spending by 23% on average after acquisitions
Success factor
M&A deals with strong technology integration plans are 2.5x more likely to succeed

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