ACS, A Xerox Company (NYSE: XRX) won a contract from the City of Indianapolis to overhaul its public parking system, delivering advanced technology and convenience to the city’s motorists and businesses.
The agreement is expected to raise the city more than half a billion dollars over the next 50 years.
According to the firm, “ACS will simplify parking by introducing new meters that accept credit cards and, eventually, payments by cell phone. Xerox’s expertise in document and print management will provide additional efficiency and expertise, contributing to the improved revenue generation from parking operations.”
“Parking management is becoming increasingly difficult for cities due to budgetary constraints and competition for limited resources, ” said David Amoriell, group president, Transportation Solutions, ACS, A Xerox Company. “ACS and its local partners bring more than 180 years of combined parking management expertise and modern technology to help Indianapolis provide residents with intelligent transportation systems that yield convenience, jobs and revenue.”