Princeton-based parking technology company acquires Canadian firm

A Princeton-based provider of parking and other urban-space technology services has acquired a Canadian company that offers a Software-as-a-Service parking enforcement program, it announced this week.

ROKER Inc. said it has been collaborating over the past year with Alberta-based SecurePark Technologies. Financial terms of the cash-and-stock deal were not disclosed.

“This deal with SecurePark caps a landmark inaugural year for ROKER,” CEO Sachin Bedi said in a prepared statement. “We marked the successful launch of our parking permit and violation management system, secured funding and established solid customer traction, thanks in part to SecurePark. With the addition of the SecurePark team, intellectual property and recurring revenue stream, we now have a complete end-to-end system, along with the experienced team and resources needed to scale.”

ROKER, which was founded in 2020, will maintain its Princeton headquarters, as well as a second office in Edmonton. Shane Nolan, former president of SecurePark, will become ROKER’s head of operations.