About T2 Systems
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.
Indianapolis, IndianaHeadquarters
1994Year Founded
$30.2MTotal Funding
ACQUISITIONCompany Stage
Data & Analytics, Automotive & TransportationIndustries
201-500Employees
Benefits
Remote Work Options
Professional Development Budget
Flexible Work Hours
Risks
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.
Differentiation
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.
Upsides
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.
Funding
Total raised$30.15 M
Latest valuation$347.00 M
StageACQUISITION
ACQUISITION
11/30/2021$347
$347.00 MLATE VC
8/31/2011$28
$140.00 MEARLY VC
5/31/2007$3
$15.00 M