US-based real-time traffic information and connected driving services provider Inrix has acquired ParkMe for an undisclosed amount.

Headquartered in Santa Monica, California, US, ParkMe assists drivers in finding on-street and off-street parking, making reservations and payments through an app or directly from the vehicle.

The transaction will enable Inrix to more deliver a comprehensive set of parking services, including finding, comparing, reserving, and paying for parking from a smartphone or vehicle to leading automakers, transportation agencies and drivers worldwide.

"By joining Inrix, we can achieve that vision faster than we could have on our own."

Inrix president and CEO Bryan Mistele said: "For ten years, Inrix has been focused on analysing and facilitating the movement of vehicles around the world, and that includes avoiding congestion during a trip and at the drivers’ destination.

"Over time, we’ve expanded our service to include real-time fuel price information, EV charging, even parking.

"Fuelled by a talented staff and an unrivalled set of breakthrough technologies, together we provide customers with the best source of driving intelligence in all its forms; traffic, fuel, EV, inter-modal navigation and parking worldwide."

Inrix provides driving intelligence to leading automakers and transportation agencies including Audi, BMW, Toyota, more than 60 US Departments of Transportation, the UK Highways Agency and the Denmark Road Authority.

The company claims to have more than 400 customers in 42 countries.

According to Inrix, ParkMe has built the world’s most comprehensive parking database featuring more than 29 million spaces in 84,184 locations spanning more than 3,000 cities in 64 countries.

ParkMe co-founder and CEO Sam Friedman said:"Our mission has always been to make parking easier, faster and less expensive for consumers.

"By joining Inrix, we can achieve that vision faster than we could have on our own."

ParkMe will continue to operate from its office in Santa Monica, providing uninterrupted ParkMe brand and mobile applications for the existing consumer and enterprise customers.