We are excited to announce that we have partnered with DCA Cities and Global Parking Solutions to create Australia & New Zealand’s leading parking technology business – DCA Group. This marks our fourth investment out of Fund IV.
DCA Group provides integrated software, hardware and services to operators and infrastructure owners within government, healthcare, and education. Customers such as local government councils, hospitals, transportation authorities and universities optimise their parking assets with DCA.
DCA was established in 2001 by Declan Ryan, Sandy Del Papa and Steve Toal and has expanded to four offices across Melbourne, Sydney, Bangkok and Boston as Australia’s leading provider of parking and infringement technology.
Global Parking Solutions was founded in Auckland New Zealand in 1993 by Mark Oliver and provides smart parking meter technology across New Zealand, Australia, and the USA.
Five V is thrilled to be working with the DCA and GPS founder groups and management teams to support the global expansion of this exciting platform.
A big thank you to our advisors: KPMG (Nick Combes, James Hindle, Charlotte Pollock, Daniel Ervin), PwC (Michael Parris, Alycia Bartho), G+T (Peter Cook, Muli Zhou, Kevin Zhou, Gail Christopher, Clare Azzopardi), LEK (Aakash Gandhi, David Ferrarin, George Squibbs, Jake Murphy), CTO Labs (Joshua Hinton, Stephanie Caterina, Gavin Allan).