Source: Herald Online
BARCELONA, SPAIN, NOV. 13, 2012 — BARCELONA, Spain, Nov. 13, 2012 /PRNewswire/ — 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 partnership was announced today in a press release by Telefonica (http://tinyurl.com/btohmnf) at the Smart City Expo World Congress held this week in Barcelona, Spain (http://www.smartcityexpo.com/en)
The agreement which gives Telefonica’s professional teams access to Streetline’s market-leading telematics products and services, helps the company advance towards 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.
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 thanks to a use case with a clear impact on city operations and, at the same time on citizen behavior. Initial focus will be on Europe and Latin America.