Spanish broadband and telecommunications provider Telefonica (News - Alert) signed an agreement with Streetline, a global provider of smart parking solutions to jointly market telematics-enabled smart parking services. The partnership was announced by Telefonica at the Smart City Expo World Congress held in Barcelona, Spain.
Machine to machine products add incremental layers of value to customers in efficiency and sustainability, as they seek to gain competitive advantage. Smart parking services allow cities to optimize parking management, while delivering higher quality of life to their citizens by reducing car traffic. Telefonica’s current agreement with Streetline will help Telefonica's professional team access to Streetline's telematics products and services. The solution will be part of the Telefonica Smart City platform strategy and integrated with other initiatives such as mobile payments.
"This innovative partnership with Telefonica represents the next step in the evolution of the global Smart Parking market," Zia Yusuf, president and chief executive officer of Streetline, said in a statement.
"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," Yusuf added.
According to the terms of the agreement, the two companies will jointly market and sell products designed to target the growing Smart Parking market, where cities could benefit from increasing parking revenues, occupancy and enforcement efficiency. This product suite enables cities to launch their smart city initiatives. Initial focus will be on Europe and Latin America, noted the company.
As indicated, 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.
The joint product suite will also include applications that allow citizens to find empty parking slots with the help of sensors deployed on street, software to municipalities to manage parking facilities, mobile applications to guide enforcement, and off-street parking management tools.
In related news, Telefonica aligned itself with Microsoft (News - Alert) to launch a new video platform as part of a larger plan to bring more digital services out to its user base.
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Edited by Rich Steeves