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About T2 Systems
Industries
Data & Analytics
Automotive & Transportation
Company Size
201-500
Company Stage
Acquired
Total Funding
$378M
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 that help manage parking operations efficiently, utilizing advanced technology and processes. Their systems handle over 200 million parking transactions each year, amounting to more than 2 billion dollars in revenue. T2 Systems stands out from competitors by providing an open technology platform that allows for seamless integration and flexibility in managing parking needs. The goal of T2 Systems is to enhance the parking experience for both operators and users, ensuring secure and high-performance solutions.
Simplify's Take
What believers are saying
- Growing demand for contactless payment solutions boosts T2 Systems' market potential.
- Adoption of smart city initiatives increases demand for advanced parking management systems.
- Expansion of EV charging infrastructure presents new opportunities for T2 Systems.
What critics are saying
- Leadership transition with Lin Bo may lead to strategic shifts or disruptions.
- Integration challenges with Verra Mobility could affect service delivery.
- Market competition may impact T2 Systems' market share and profitability.
What makes T2 Systems unique
- T2 Systems offers comprehensive parking solutions, including PermitNow and T2 Flex.
- T2 Systems manages over 200 million parking transactions annually across North America.
- T2 Systems integrates advanced technology for secure and efficient parking management.
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Funding
Total Funding
$378M
Above
Industry Average
Funded Over
3 Rounds
Benefits
Remote Work Options
Professional Development Budget
Flexible Work Hours
Company News
City of Salisbury partners with T2 Systems to enhance downtown parking.
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.
T2 Systems is Hiring for 3 Jobs on Simplify!
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About T2 Systems
Industries
Data & Analytics
Automotive & Transportation
Company Size
201-500
Company Stage
Acquired
Total Funding
$378M
Headquarters
Indianapolis, Indiana
Founded
1994
T2 Systems is Hiring for 3 Jobs on Simplify!
Find jobs on Simplify and start your career today