Smart Parking Limited (ASX: SPZ) provides technology-enabled parking solutions, including parking enforcement, management systems, permits, and payments across Australia, the United Kingdom, and New Zealand. The company offers core products and services such as its proprietary AIMS (Asset Intelligence Management System) software platform for parking asset monitoring and data analytics; ANPR (Automatic Number Plate Recognition) cameras and sensors for enforcement and access control; mobile apps for parking payments and permit management; on-street and off-street parking management contracts; and consulting services for parking optimization and revenue recovery . Founded in 2006 and headquartered in Perth, Australia, Smart Parking serves public and private clients including local councils, airports, hospitals, retail centers, and commercial property operators, with operations spanning urban and regional markets in its key geographies .
In recent developments, Smart Parking expanded its UK presence through a major five-year contract with Transport for London (TfL) in 2024 for ANPR-based enforcement across multiple boroughs, enhancing revenue visibility and operational efficiency; the company also secured a significant contract extension with Auckland Transport in New Zealand in early 2025, valued at over NZD 20 million, to continue providing smart parking enforcement services . Additionally, Smart Parking announced a strategic partnership with Cubic Transportation Systems in late 2024 to integrate advanced payment and mobility solutions into its platform, targeting multi-modal transport hubs; the firm raised A$15 million through an equity placement in mid-2025 to fund technology upgrades and international growth initiatives, including AI-enhanced analytics for predictive parking demand . These moves reflect a focus on scaling SaaS revenue streams and geographic diversification amid rising demand for data-driven urban mobility solutions .