About

T2 Systems specializes in parking, mobility, and transportation solutions across North America. Their services include managing parking transactions and providing technology that helps parking professionals operate efficiently. T2's system works by integrating various technologies and processes to handle over 200 million parking transactions worth more than 2 billion dollars each year. What sets T2 apart from its competitors is its open technology approach, which allows for flexibility and adaptability in managing parking operations. The company's goal is to enhance the parking experience and improve mobility solutions for users and operators alike.

Simplify's Take

What believers are saying

• The launch of T2 Velocity and Residential Permits solutions demonstrates T2 Systems' commitment to innovation and addressing diverse market needs.
• Being part of Verra Mobility provides T2 Systems with additional resources and strategic support, potentially accelerating growth and market penetration.
• T2 Systems' extensive experience and established presence in North America position it as a reliable and trusted provider in the parking industry.

What critics are saying

• Integration challenges with Verra Mobility could disrupt operations and affect service quality.
• The highly competitive nature of the parking and mobility sector may pressure T2 Systems to continuously innovate to maintain its market position.

What makes T2 Systems unique

• T2 Systems offers a comprehensive suite of parking solutions, including LPR, transient payments, permits, enforcement, and collections, all integrated into a single system, unlike competitors who may offer fragmented services.
• Their open technology and processes manage over 200 million parking transactions annually, showcasing their capability to handle large-scale operations efficiently.
• The acquisition by Verra Mobility enhances T2 Systems' portfolio, integrating it into a broader smart mobility ecosystem.