Passport Labs, Inc. Strengths, Domain Expertise, and Key Differentiators
Passport Labs distinguishes itself through its comprehensive mobility platform, enabling clients to seamlessly coordinate various transportation modes. The company's key strengths lie in its robust product portfolio and domain expertise, particularly in parking management technology. The strategic acquisitions of Complus and NuPark further enhance Passport's enforcement and permitting capabilities, setting it apart in the competitive digital mobility landscape.
Passport Labs, Inc. Recent Developments
In the ever-evolving realm of digital mobility solutions, Passport Labs has made strategic moves to solidify its position. In April 2021, the company announced the appointment of Bob Youakim as Chairman of the Board, signaling a leadership transition expected to unfold in the next quarter. With a steady stream of news, Passport has maintained momentum, recently achieving over $2 billion in mobility transactions processed to date during the third quarter of 2021.
Passport Labs, Inc. Mergers and Acquisitions (M&A) Activities
Passport Labs has strategically expanded its capabilities through acquisitions. In December 2019, the company successfully closed a $65 million Series D funding round with notable investors like Rho Capital Partners, H.I.G. Growth Partners, and ThornTree Capital Partners. This financial backing fuels Passport's ongoing development of its digital mobility platform. The acquisitions of Complus Data Innovations in June 2019 and NuPark in October 2018 have fortified Passport's position, creating a comprehensive mobility platform.
Passport Labs, Inc. Customers in ARTW Customer Database
Leveraging a rigorous data-centric research methodology, APPS RUN THE WORLD asks the simple question: Who’s buying Passport Labs, Inc. applications and why? And we provide the answers – supported by decades of research – to our clients around the world. Our Customer database has over 100 data fields that detail company usage of Passport Labs, Inc. and other enterprise apps by function, customer size, industry, location, implementation status, partner involvement, Line of Business Key Stakeholders and IT decision makers contact details. List of Verified Passport Platform (Parking, Permits, Enforcement, Transit, Back Office and Reporting.) customers.
Passport Labs, Inc. Overview
128 S. Tryon St #2200
Charlotte, NC, 28202, United States
1 980-939-0990
https://www.passportinc.com/
Ownership: - x
Number of Employees: 400
Functional Markets: ERP Financial, ERP Services and Operations,
Key Verticals: Higher Education, Federal Government, State and Local Government, Public Safety, Professional Services,
Passport Labs, Inc. Key Enterprise and Cloud Applications
Passport Platform (Parking, Permits, Enforcement, Transit, Back Office and Reporting.)
Passport Labs, Inc. Revenues, $M:
| Type/Year | 2022 | 2023 | YoY Growth, % |
|---|---|---|---|
| Total Revenues, $M | Subscribe | Subscribe | Subscribe |
| Enterprise Applications Revenues, $M | Subscribe | Subscribe | Subscribe |
| Cloud Applications Revenues, $M | Subscribe | Subscribe | Subscribe |
* Enterprise Applications Revenues = License + Support & Maintenance + SaaS
** All revenue figures are estimates based on public records, Cloud and Non-Cloud business models in Apps Run The World's vendor database, and annual survey results including vendor feedback.
Passport Labs, Inc. Revenue Breakdown By Type, $M:
Passport Labs, Inc. Enterprise Applications Revenues By Functional Markets, $M:
Passport Labs, Inc. Enterprise Applications Revenues By Verticals, $M:
Passport Labs, Inc. Revenues By Region, $M
| Region | % of Total Revenues | 2023 Total Revenues, $M | 2023 Enterprise Applications Revenues, $M | 2023 Cloud Applications Revenues, $M |
|---|---|---|---|---|
| Americas | Subscribe | Subscribe | Subscribe | Subscribe |
| EMEA | Subscribe | Subscribe | Subscribe | Subscribe |
| APAC | Subscribe | Subscribe | Subscribe | Subscribe |
| Total | Subscribe | Subscribe | Subscribe | Subscribe |
Passport Labs, Inc. Direct vs Indirect sales
| Region | Direct Sales | Indirect Sales | Total |
|---|---|---|---|
| Type % | Subscribe | Subscribe | Subscribe |
| Revenues, $M | Subscribe | Subscribe | Subscribe |
Passport Labs, Inc. Customers - Breakdown by Geo, Size, Vertical and Product
List of Verified Passport Labs, Inc. Customers
No. of Passport Labs, Inc. Customers: 800
No. of Passport Labs, Inc. Enterprise Applications Customers: 800
No. of Passport Labs, Inc. Cloud Customers: x
No. of Passport Labs, Inc. Cloud Subscribers: x
Trusted by nearly 800 cities, universities, and agencies, Passport Labs has a diverse clientele, including the University of Delaware, Rutgers University, and Southwest Ohio Regional Transit Authority (SORTA). The company's reach extends across different regions, industries, and geographies, showcasing its adaptability and widespread appeal.
Passport Labs, Inc. Market Opportunities, M&A and Geo Expansions
Passport Labs is poised to leverage market opportunities at both horizontal and vertical levels. The company's expansion into London in September 2018 and the recent API integration with Barnacle highlight its commitment to embracing technological advancements. With a focus on real-time, data-centric management, Passport is well-positioned to capitalize on the increasing demand for Cloud, IoT, AI, and ML technologies in the digital mobility sector.
Passport Labs, Inc. Risks and Challenges
While Passport Labs has navigated internal and external risks effectively, expanding sales outside the United States poses a notable challenge. The company remains vigilant in addressing go-to-market challenges, ensuring a strategic approach to sustain its market presence.
Passport Labs, Inc. Ecosystem, Partners, Resellers and SI
Passport Labs has cultivated a robust ecosystem through strategic partnerships with trusted entities like Visa, Spin, Lyft, and MasterCard. Collaborations with Mackay Meters, Total Parking Solutions, and others contribute to a network effect, enhancing Passport's digital mobility platform's value proposition.
Passport Labs, Inc. Cloud Infrastructure Insights
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- Passport Labs, Inc. Public Cloud and Infrastructure (IaaS)
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- Passport Labs, Inc. Private Cloud and Data Centers
Research Methodology
Data used in research reports are derived from publicly available documents, continuous surveys of applications vendors, customers, resellers, Independent Software Vendors, systems integrators and other verifiable sources.
Vendor shares and market forecast results are based on a combination of existing databases as well as demand side and supply side research conducted throughout the year with validation from vendors, customers, channel partners and documentations such as earnings releases and 10Q and 10K filings, vertical industry studies, regional and country-level statistics from public and private institutions(i.e. colleges, universities, government agencies and trade associations).
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