Columbia-based ROKER, a provider of technology solutions aimed at urban space management inclusive of parking and enforcement, has closed on a deal to acquire SecurePark Technologies of Edmonton, Alberta. Founded in 2009, SecurePark offers a software-as-a-service (SaaS) parking enforcement platform for municipalities, parking operators, airports, schools, hospitals, security and property management users.
The deal was structured as an asset purchase with the seller receiving an undisclosed amount of cash and stock as consideration. It closed on July 15, 2021, and all SecurePark employees are now part of the ROKER team.
ROKER and SecurePark have been collaborating during the past year and recently won projects to implement a fully integrated parking enforcement and violation lifecycle management solution in the cities of Midland and Thorold, Ontario. Powered by blockchain and license plate recognition technology, the ROKER platform enables digital contracts for parking permits, accepts payments and provides transaction traceability for the public and private sectors.
“This deal with SecurePark caps a landmark inaugural year for ROKER,” said Sachin Bedi, CEO, ROKER. “We marked the successful launch of our parking permit and violation management system, secured funding, and established solid customer traction, thanks in part to SecurePark. With the addition of the SecurePark team, intellectual property and recurring revenue stream, we now have a complete end-to-end system, along with the experienced team and resources needed to scale.”