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About T2 Systems
Industries
Data & Analytics
Automotive & Transportation
Company Size
201-500
Company Stage
Acquired
Total Funding
$30.2M
Headquarters
Indianapolis, Indiana
Founded
1994
Overview
T2 Systems specializes in parking, mobility, and transportation solutions across North America. The company offers a range of services and technologies that help manage parking operations efficiently. Their systems handle over 200 million parking transactions each year, amounting to more than 2 billion dollars, utilizing a combination of skilled personnel, established processes, and advanced technology. Unlike many competitors, T2 Systems emphasizes open technology, allowing for greater flexibility and integration with various platforms. The goal of T2 Systems is to provide secure and high-performance parking solutions that enhance the overall experience for parking professionals and their customers.
Simplify's Take
What believers are saying
- AI and machine learning enhance predictive analytics in parking management.
- Contactless payment solutions meet consumer demand for convenience and safety.
- Smart city initiatives boost IoT integration in parking management.
What critics are saying
- Leadership transition to Lin Bo may cause strategic shifts or disruptions.
- Integration challenges with Verra Mobility's systems post-acquisition.
- Dependence on large-scale events makes revenue unpredictable.
What makes T2 Systems unique
- T2 Systems offers comprehensive parking solutions for events, universities, and airports.
- T2 Flex streamlines parking functions like permits, citations, and contract parking.
- T2 Velocity integrates LPR, payments, and enforcement into a gateless system.
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Funding
Total Funding
$30.2M
Above
Industry Average
Funded Over
3 Rounds
Benefits
Remote Work Options
Professional Development Budget
Flexible Work Hours
Company News
MESA, Ariz., Aug. 29, 2024 /PRNewswire/ -- Verra Mobility Corporation (NASDAQ: VRRM), a leading provider of smart mobility technology solutions, announced today the appointment of Lin Bo as senior vice president of T2 Systems, a Verra Mobility company that specializes in parking management technology and services. She will report to David Roberts, president and CEO, Verra Mobility.Ms. Bo will succeed Adam Blake, who led T2 Systems for nearly 10 years and is stepping down after completing his commitment to stay with the company when it was acquired by Verra Mobility in 2021.Most recently, Ms. Bo served as General Manager of FG Clean Wipes and Whirl-Pak at Filtration Group, a global market-leading provider of mission-critical filtration solutions. Before joining Filtration Group, she spent 9 years at Danaher Corporation, a global conglomerate operating across the industrial, life science, and diagnostics sectors."I am excited to welcome Ms
Verra Mobility (NASDAQ: VRRM) has appointed Lin Bo as senior vice president of T2 Systems, its parking management technology subsidiary.
July 14, 2022 – Parking technology leader T2 Systems has released T2 Velocity, a frictionless parking access and revenue control solution that combines LPR, transient payments, permits, enforcement, and collections into a single, integrated, gateless system.
Verra Mobility has acquired provider of parking solutions T2 Systems from Thoma Bravo for $347 million in a move which expands its portfolio of smart mobility technologies.
Smart mobility technology solutions provider Verra Mobility has signed an agreement to acquire privately held T2 Systems from leading software investment firm Thoma Bravo for US$347 million.
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About T2 Systems
Industries
Data & Analytics
Automotive & Transportation
Company Size
201-500
Company Stage
Acquired
Total Funding
$30.2M
Headquarters
Indianapolis, Indiana
Founded
1994
T2 Systems is Hiring for 0 Jobs on Simplify!
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