In parking compliance management, efficiency and accuracy are paramount. Enter ARC, the innovative solution powered by Asura Technologies’ AI-powered object detection and smart video analytics, coupled with over two decades of hands-on experience in parking enforcement and payment recovery from Parking Revenue Recovery Services (PRRS).
GB & Partners Investment Management and its portfolio company, Asura Technologies, will own the majority share in PRRS. Today announced the sale of the company’s majority stock to GB & Partners Investment Management. Parking Revenue Recovery Services, Inc., a leader in parking enforcement and revenue collections services in the US. With this injection of new capital, PRRS is set to accelerate momentum under the new ownership and further advance its mission within the parking industry.
In a joint development project with the American PRRS, Asura Technologies is launching a parking enforcement automation system to help identify drivers with unpaid parking fees. Asura Technologies is a video analytics company established in 2017 in Budapest that develops AI-based vehicle recognition technology for parking, traffic, and security applications. Currently, the company is working on a joint project with the company PRRS (Parking Revenue Recovery Services) to introduce frictionless parking enforcement automation in the United States where there is a growing demand for such technologies.
Asura Technologies is a Hungarian startup specializing in video analytics, and has quickly been gaining a foothold on international markets. The Budapest Business Journal talks with CEO Máté Kiss-György about the project.
