GLNS advises parkpocket on participation by GFT

GFT Technologies has made an investment into the future mobility company parkpocket. It is GFT Technologies’ first participation in the startup sector.

parkpocket is a data company in the field of parking, and offers an app through which users can find free parking spots, garages and park & ride parking in real time, compare prices and find such slots per satellite navigation. Moreover, parkpocket’s service can be integrated in websites, apps or navigation systems as well as Connected Car solutions via an interface. Since October 2014, parkpocket has been supported by Wayra, Telefónica’s accelerator program.

Tex-DAX listed GFT group is a global technology partner for the digital transformation in the financial services area. Its clients include leading international financial institutions, which GFT supports in solving complex challenges with its IT and consulting competencies. This includes solutions for the implementation of regulatory requirements and the digitization of business processes.

GLNS has comprehensively advised Parkpocket GmbH in the framework of the transaction with partner Dr. Daniel Gubitz (M&A, Venture Capital). Hanno Stangier of Stangier Regel Borchard acted for GFT. Dr. Reza-Nima Abedinpour of Taylor Wessing represented Wayra.

Download press release