London, England (PRWEB UK) 24 November 2013
Streetline, Inc. was announced as the winner of the award for Platform and Apps at GP Bullhound Connect last night at The May Fair Hotel, London. The event, organized by technology investment bank GP Bullhound, celebrated innovation and the evolution of technology that is changing the automotive industry.
Streetline is a U.S. based company that is harnessing the power of the Internet of Things and sensor technology to tackle one of the most pressing issues facing cities today—parking. Using sensors embedded into the pavement of parking spaces, the Streetline system detects the presence of a vehicle and relays occupancy information to a number of applications including Parker™ by Streetline, the leading motorist guidance application, and ParkerData™, Streetline’s free API of over 25,000 off-street parking locations.
“We are thrilled to be named the winner in the Platform and Apps category at GP Bullhound Connect,” said Zia Yusuf, Streetline CEO. “We see parking as that crucial piece of the Connected Car puzzle that has been missing and we are excited to be taking the lead in solving it, worldwide.”
The event included discussion panels featuring market-leading companies such as Google, Drayson Racing, Spotify, Softkinetic, Neonode and BlaBlaCar. Also released was GP Bullhound’s research report “A seat at the cutting edge of Innovation in the Automotive sector.”
“This year’s winners represent the most exciting companies pioneering technological charge in the automotive industry at the moment. The innovations we see now will fundamentally change the driving experience as we know it,” said Andre Shortell, Partner at GP Bullhound. “On behalf of GP Bullhound, I would like to congratulate all the winning companies and those shortlisted for their achievements this year and wish them success for the future.”
About Streetline, Inc.
Streetline’s mission is to make smart cities a reality through the use of sensor-enabled mobile and web applications. Streetline’s pioneering technology makes the parking experience for consumers easier, while making cities and university campuses more efficient.
Streetline is a privately-held company headquartered in Foster City, CA with smart parking deployments in Germany, the U.K., and across the United States including California, Delaware, Florida, Indiana, Maryland, Michigan, Nevada, New Jersey, New York, Oregon, South Carolina, Virginia, and Washington, DC. The company was named one of Fast Company’s 10 Most Innovative Companies in Transportation, as well as IBM Global Entrepreneur of the Year. Streetline was named Best Mobile Innovation for ‘Smart Cities’ for Parker at the 2013 Mobile World Congress, and was recognized with the 2013 Frost & Sullivan North American Competitive Strategy Leadership Award: http://www.streetline.com/smart-cities/frost-sullivan-parking-technology-whitepaper/.
About GP Bullhound
GP Bullhound is an international technology investment banking group with offices in London, San Francisco, Stockholm and Berlin. Founded in 1999, GP Bullhound provides world-class advice on mergers, acquisitions and private placements to a diverse range of corporate clients, institutional investors and high net worth individuals.
Combining a true love for entrepreneurship and innovation with deep global buyer relations and sector expertise, GP Bullhound has completed transactions for many category leaders, most recently selling Pure360 to SEP, Tunigo to Spotify, and Fjord to Accenture. For more information, please visit http://www.gpbullhound.com.
In 2013, GP Bullhound was awarded Boutique Investment Bank of the Year and Leading Advisers of the Year by the Acquisition International M&A Awards, and Manish Madhvani, a Founding Partner of GP Bullhound was named as a winner of the fourth annual M&A Advisor 40 Under 40 Award.
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