Matrix Parking
Matrix Parking Solution Holdings Berhad is a Malaysia-based parking management services provider managing 60+ parking sites across Klang Valley, Johor, Pahang, and Penang for property owners, hotels, hospitals, transit hubs, and event venues, combining PARCS hardware, a 24/7 Operations Control Centre, and cashless LPR-based payment integration with Touch 'n Go and the OlaPay app.
- Company typePublic
- Founded2008
- HeadquartersPetaling Jaya, Malaysia
- Headcount51–100
- GTM typeB2B
- OfferingServices
What Matrix Parking does
Matrix Parking Solution Holdings Berhad is a Malaysia-based parking management services provider founded in 2008 and headquartered in Petaling Jaya, Selangor. The company serves property owners, building management firms, hotels, hospitals, transportation hubs, and event venues across Klang Valley, Johor, Pahang, and Penang, managing more than 60 parking sites. Its customer base includes named anchors such as Sepang International Circuit, Hospital Sultanah Aminah, WYNDHAM ACMAR Hotel Klang, Menara Binjai, Pearl International Hotel/Mall, Nirvana Centre, and KTM rail stations across Selangor, Kuala Lumpur, Penang, and Johor.
The company's core offering is Parking Facilities Management, which combines deployment of Parking Access and Revenue Control Systems (PARCS), trained on-site operations personnel, and a 24/7 Operations Control Centre (OCC) that remotely monitors barrier arms, IP intercoms, and IP cameras and dispatches responses to equipment alerts. The technology stack integrates License Plate Recognition (LPR) and QR code-based cashless payments via the OlaPay mobile application (launched July 2020 by Ola Pay Sdn Bhd) and the Touch 'n Go system (launched June 2022 as a certified integration). Complementary revenue lines include Project Consultancy (feasibility, planning, and design services), Smart Parking Solutions / EVOLUTION System (a Smart City platform for parking charges, summonses, and ancillary payments), a planned Matrix Super App, and ancillary services such as valet, car wash, advertising, storage, and EV charging.
The business model blends managed services contracts, hardware supply and integration, professional services, and transaction-based fees. Pricing is contract-based and not publicly disclosed, with multi-year engagements to property owners and operators. Distribution is direct enterprise sales targeting commercial real estate, hospitality, healthcare, sports and entertainment, and transportation segments. The company is publicly listed on Bursa Malaysia's LEAP Market (stock code 03019, MPSOL) following a June 2019 IPO that raised RM2.6 million, and is the first parking management services company to be listed in Malaysia.
Matrix Parking firmographics
Firmographics- Name
- Matrix Parking
- Legal name
- Matrix Parking Solution Holdings Berhad
- Website
- https://matrixparking.my
- Company type
- Public
- Founded year
- 2008
- Operating status
- Operating
- Headcount range
- 51–100 employees
- Short description
- Matrix Parking Solution Holdings Berhad is a Malaysia-based parking management services provider managing 60+ parking sites across Klang Valley, Johor, Pahang, and Penang for property owners, hotels, hospitals, transit hubs, and event venues, combining PARCS hardware, a 24/7 Operations Control Centre, and cashless LPR-based payment integration with Touch 'n Go and the OlaPay app.
- Ownership category
- akta.pro rank
Matrix Parking industry classification
Industry- Product category
- Parking Management Services
- NAICS
- Parking Lots and Garages (812930), Parking Lots and Garages (81293)
- SIC
- Services-Automotive Repair, Services & Parking (7500)
- akta.pro primary industry
- Parking Facility Operations (Garages, Lots, On-/Off-Street) (BPABAKAA)
- akta.pro secondary industries
- Parking Access & Revenue Control Systems (PARCS) (Gates, Pay Stations, Ticketing) (TLAJAIAD), Smart Parking Technology Platforms (Occupancy Sensors, Guidance, Reservations, Analytics) (TLAJAIAC), Parking Management & Enforcement (Citations, Permits, Compliance) (BPABAKAB), Off-Street Parking Facilities Operations (Garages, Lots, Park-and-Ride) (TLAJAIAB)
Keywords
Where Matrix Parking is headquartered
LocationHeadquarters
- HQ city
- Petaling Jaya
- HQ country
- Malaysia
- HQ region
- Asia
Offices1 record
Markets served
Matrix Parking business model
Business model- GTM type
- B2B
- Offering type
- Services
- Cost components
- Personnel, Operations, Technology or R&D, Infrastructure, Marketing or Sales
Revenue model
- Parking Facility Management Services: Core revenue stream from managing parking operations including deployment of parking management and operations personnel, provision of revenue reports and analysis to clients, and other ancillary services related to parking management.
- Parking Equipment Supply and Installation: Supply, installation and maintenance of parking access and revenue control systems (PARCS).
- Project Consultancy: Parking demand feasibility and financial analysis, site selection and planning, functional design and traffic flow analysis, enforcement analysis and recommendations, designing and construction of car parks.
- Technology Integration Services: Certified system integrator for Touch 'n Go system, providing integration services for cashless parking solutions.
- OlaPay Mobile Application: Cashless mobile payment solution for parking using LPR and QR code technology.
Pricing tiers
| Model | Billing | Price |
|---|---|---|
| Other | Multi-year contract | Custom contract-based pricing for parking management services |
Go-to-market motion1 record
Distribution channels1 record
Marketing channels4 records
Matrix Parking product offering
Product offeringCore offering
Matrix Parking provides comprehensive parking facilities management services to property owners, building managers, hotels, hospitals, transit stations, and event venues across Malaysia. Its offering covers the supply, installation, and maintenance of Parking Access and Revenue Control Systems (PARCS), deployment of operations personnel, revenue reporting and analysis, and remote monitoring through a 24/7 Operations Control Centre. It is complemented by cashless payment technology (OlaPay mobile app with LPR/QR), project consultancy, and ancillary services such as valet, car wash, advertising, storage, and EV charging.
Product overview
Matrix Parking Solution Holdings Berhad operates a platform-plus-services model for parking management. Its core offering is Parking Facilities Management — a comprehensive service covering Parking Access and Revenue Control Systems (PARCS), a 24/7 Operations Control Centre (OCC), and trained operations personnel. This core is complemented by OlaPay Mobile App (cashless LPR/QR payment), Smart Parking Solutions / EVOLUTION System (a smart city all-in-one platform), Project Consultancy (feasibility and design), Matrix Super App (upcoming unified app), Other Services (valet, EV charging), and Touch 'n Go System Integration (certified payment integration). The company manages over 60 parking sites across Klang Valley, Johor, Pahang, and Penang.
Differentiator
Problem solved
Functional benefit
Brands
- OlaPay: Cashless mobile payment app for parking using License Plate Recognition (LPR) and QR Code Payment technology. Launched July 2020 by Ola Pay Sdn Bhd.
Products and services
- Parking Facilities Management Comprehensive management of parking operations for property owners, building managers, hotels, hospitals, transit stations, and event venues, including supply, installation and maintenance of Parking Access and Revenue Control Systems (PARCS), deployment of operations personnel, revenue reporting and analysis, signage design and maintenance, and remote monitoring via a 24/7 Operations Control Centre (OCC).
- Project Consultancy
Quantifiable outcome
- Managed 60+ parking sites across Malaysia
- +2 more outcomes
Companies that use Matrix Parking
Customer profileNamed customers7 records
Segments6 records
Ideal customer profiles4 records
Matrix Parking technology and API
TechnologyTechnology focussed Yes
API detail
- Has API
- No
- API docs
- API detail
Core technology
AI maturity
App detail
AI capability2 records
Feature4 records
Matrix Parking partnerships and signals
Strategic signalPartnerships
One partnership is on record.
- Touch 'n GocoreMatrix Parking was appointed as the certified system integrator of the Touch 'n Go system. The company launched its Touch 'n Go integration system on June 10, 2022, enabling seamless cashless parking payments at managed facilities.
Scale indicators6 records
Recent moves9 records
Expansion highlights6 records
Matrix Parking competitors and assessment
Company assessmentBroad incumbents
- Q-Park: European-based parking operator managing off-street facilities across multiple Western European countries with integrated digital payment platforms. Comparable as a managed parking operator with technology-led parking access and revenue control, but at much larger scale and different geography.
- LAZ Parking: One of the largest privately held parking companies in North America, managing thousands of locations with proprietary technology including LPR and mobile apps. Closely comparable in service offering — managed parking, PARCS, mobile payments — but operating at materially larger scale than Matrix.
- Wilson Parking: One of the largest car park operators in the Asia-Pacific region, managing thousands of parking bays across Australia, New Zealand, and parts of Asia. Directly comparable to Matrix Parking as a managed-services parking operator with PARCS technology and centralized operations, but at vastly larger scale.
- SP Plus Corporation (SP+): One of the largest pure-play parking management companies in North America, providing management, technology, and ancillary services to commercial, healthcare, hospitality, and event venues. Comparable in business model to Matrix but at vastly greater scale and broader geographic footprint.
- Indigo (VINCI Park / Indigo Group): Global parking and urban mobility operator present in over 10 countries with hundreds of thousands of parking bays. Comparable business model — on-street and off-street management with digital payments and EV charging — but operating at multinational scale versus Matrix's single-country footprint.
Direct peers
- Smart Parking Limited: Australia-headquartered smart parking technology company providing License Plate Recognition, sensors, and parking management software to operators globally. Closely comparable to Matrix on the technology side (LPR, occupancy analytics, smart-city platforms), though more software-centric and less services-led.
Others
- Sunsuria Berhad: Malaysian-listed property developer and investment holding company whose mixed-use developments often include managed parking facilities. Comparable as a Bursa Malaysia-listed company with overlapping commercial real-estate exposure, though parking is not Sunsuria's core line of business.
Regional players
- Secure Parking: Asia-Pacific parking operator (headquartered in Singapore) with operations across Southeast Asia, providing managed parking services to commercial and hospitality properties. Comparable in business model and customer mix, but operating regionally with deeper capital base than Matrix.
Market position
Strengths5 records
Weaknesses5 records
Competitive moat6 records
Key risks6 records
Key highlights7 records
Customer concentration
Matrix Parking social profiles
Digital presenceMatrix Parking financial estimates
Financial estimateRevenue estimate
Valuation estimate
Matrix Parking leadership team
Management profileNumber of profiles
Profiles4 records
Matrix Parking funding detail
Funding detailFunding overview
Funding rounds
Investors
Funding detail is available on the Subscription and Enterprise plan.Contact sales →
Matrix Parking M&A and investment
M&A and investmentM&A
Investments
M&A and investment is available on the Subscription and Enterprise plan.Contact sales →
Frequently asked questions about Matrix Parking
What does Matrix Parking do?
Matrix Parking provides comprehensive parking facilities management services to property owners, building managers, hotels, hospitals, transit stations, and event venues across Malaysia. Its offering covers the supply, installation, and maintenance of Parking Access and Revenue Control Systems (PARCS), deployment of operations personnel, revenue reporting and analysis, and remote monitoring through a 24/7 Operations Control Centre. It is complemented by cashless payment technology (OlaPay mobile app with LPR/QR), project consultancy, and ancillary services such as valet, car wash, advertising, storage, and EV charging.
Is Matrix Parking a public or private company?
Matrix Parking is a public company. It is classified as public and is currently operating.
When was Matrix Parking founded?
Matrix Parking was founded in 2008. It employs 51 to 100 people.
Where is Matrix Parking based?
Matrix Parking is headquartered in Petaling Jaya, Malaysia, in the Asia region.
How does Matrix Parking make money?
Five revenue lines are on record. Parking Facility Management Services are the primary driver. The others are parking Equipment Supply and Installation, project Consultancy, technology Integration Services and olaPay Mobile Application.
Who are Matrix Parking's main competitors?
Broad incumbents on record are Q-Park, LAZ Parking, Wilson Parking, SP Plus Corporation (SP+) and Indigo (VINCI Park / Indigo Group). Smart Parking Limited is listed as a direct peer. Sunsuria Berhad is listed as an others. Secure Parking is listed as a regional player.
Does Matrix Parking have an API?
No public API is recorded for Matrix Parking.
What industry is Matrix Parking in?
Matrix Parking's product category is Parking Management Services. Its primary akta.pro industry code is BPABAKAA, Parking Facility Operations (Garages, Lots, On-/Off-Street), with a secondary code of TLAJAIAD, Parking Access & Revenue Control Systems (PARCS) (Gates, Pay Stations, Ticketing). Its NAICS code is 812930 and its SIC code is 7500.