Current investments
Digital Payment Technologies Corp.
In October 2008, C.A. Bancorp provided growth capital to Digital Payment Technologies Corp., an established manufacturer and distributor of multi-space parking pay stations.
Established in 1997 and based in Vancouver, British Columbia, Digital has developed into one of North America’s premier manufacturers of on-and-off-street multi-space parking systems. Digital has sold over 4,000 parking payment stations to private facility operators, municipalities and universities across North America. Digital provides clients with reliable, flexible, easy-to-use systems that increase revenues and dramatically improve management control of parking assets. In addition, Digital has developed a proprietary web-based back office Enterprise Management System (EMS), which allows customers to manage their businesses more efficiently by reducing servicing and enforcement costs.
ASSET CLASS: Industrials
OVERVIEW: $6 million investment to Digital Payment Technologies Corp., a leading manufacturer of multi-space parking systems
RATIONALE: There is a significant market opportunity that Digital is well positioned to benefit from as municipalities, universities and private operators look to maximize parking revenues and drive efficiencies throughout their entire parking operations. C.A. Bancorp is excited about the opportunities in front of Digital and its strong management team.
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