About T2 Systems
T2 Systems is a Transportation, Automotive & Logistics company based in Indianapolis (United States) founded in 1994 by Mike Simmons, and was acquired by Verra Mobility in November 2021. Parking management solutions for events and venues are provided. T2 Systems has raised $31 million across 2 funding rounds from investors including Verra Mobility, Thoma Bravo and Pamlico Capital. The company has 176 employees. T2 Systems has completed 3 acquisitions, including Digital Payment Technologies, NuPark and ParkingSoft. Its chief executive, as recorded, is Mike Simmons. Its website t2systems.com draws about 65 thousand monthly visits. T2 Systems offers products and services including Permits & Enforcement, PARCS, Mobile Payments, Pay Stations, and UPsafety PE Solution. Its focus areas include Consumer, Road Transport Tech, Parking and Technology Enablers. Its competitors include Arrive, Parkhub and FlashParking; 3 of its 3 listed competitors have raised funding.
Company details
Founded in 1994 and headquartered in Indianapolis, United States, T2 Systems operates in the parking management sector. Software solutions such as PermitNow are offered for event parking, including concerts and sporting activities. T2 Flex is utilized to handle functions like permits, access cards, citations, towing, and contract parking. Services support organizations managing transient and residential parking operations.
- Headquarters Indianapolis, United States
- Employees 176
- Founders Mike Simmons
- Stage Acquired
- SectorsTransportation, Automotive & Logistics
- Website category Business and Consumer Services · Business Services
- Website t2systems.com
- Social LinkedIn X Facebook
- Acquired by Verra Mobility (Nov 2021)
- Total Equity Funding$31M (USD)
in 2 rounds
- Latest Funding Round$28M (USD), Series B
Sep 2011
- InvestorsVerra Mobility
& 3 more
- Employee Count176
- Investments & AcquisitionsDigital Payment Technologies
& 2 more
- Acquired by
Products & Services of T2 Systems
T2 Systems offers a comprehensive portfolio of products and services, including Permits & Enforcement, PARCS, Mobile Payments, Pay Stations, and UPsafety PE Solution.
Software for managing parking permits and enforcement processes.
System for gateless parking access and revenue management.
Platform for contactless parking fee payments via mobile.
Devices for handling parking payments and transactions.
Software for efficient parking enforcement in smaller operations.
Funding Insights of T2 Systems
T2 Systems has successfully raised a total of $31M across 2 strategic funding rounds. The most recent funding activity was a Series B round of $28 million completed in September 2011. This substantial capital infusion reflects strong investor confidence in the company's business model, growth potential, and market opportunities. The funding enables strategic expansion, product development, market penetration, and operational scaling to drive long-term value creation and competitive advantage.
- Total Funding $31M
- Total Rounds 2
- Last Round Series B — $28M
- First Round $3M
(Jun 2007)
- Investors Count 2
All 2 funding rounds of T2 Systems with amounts and investors; the two latest post-money valuations are shown, the rest are part of the premium plan.
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Sep 2011 | $28M | Series B | – | Pamlico Capital | – |
| Jun 2007 | $3M | Series A | – | Petra Capital Partners | – |
4 investors in total: 4 institutional.
Investors in T2 Systems
T2 Systems has secured backing from 4 investors, including venture fund investors. Prominent investors backing the company include Verra Mobility, Thoma Bravo and Pamlico Capital.
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
Pamlico Capital is engaged in private equity investments for growth companies. | pamlicocapital.com | Charlotte, United States | ||
Multiple sectors are invested in by this private equity fund. | petracapital.com | Nashville, United States | ||
Software and technology-enabled services companies are targeted for investment. | 1980 | thomabravo.com | Chicago, United States | |
Toll services and management are operated by Verra Mobility. | 1987 | verramobility.com | Mesa, United States |
Investor details for T2 Systems
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People of T2 Systems
76 people are tracked at T2 Systems (18 in leadership, 58 in team); the tracked headcount is 176.
| Name | Role | Group |
|---|---|---|
Mike Simmons | Co-Founder & CEO | Leadership |
Kim Hechinger | Director, Project Management | Leadership |
Audrey Tarter | VP Of Human Resources | Leadership |
Samantha Geiger | VP Human Resources | Leadership |
Afshana K | Talent Acquisition Partner @ Verra Mobility | Leadership |
Rasto Kral | Sr. Director, Global Sourcing & Corporate Supply Chain | Leadership |
Tommy Kinsman | VP Operations | Leadership |
Dennis Owens | Director- IT Operations | Leadership |
Sean Sheeran | Sales Director, Flex PE | Leadership |
Shi McGowan | Vice President, Sales & Customer Experience | Leadership |
Melina Morokhovich | Director Of Sales | Leadership |
James Fedor | Director, Parcs Product Line Management | Leadership |
Mindy Powers | Head Of Sales | Leadership |
Maggie Vercoe | Sr. VP Customer Experience | Leadership |
Angie Lorette | Director Sales Operations | Leadership |
Jeffrey Haines | Director, Field Services | Leadership |
Taras Mysko | Director Quality Engineering | Leadership |
Josh Allanson | Director, Product Support | Leadership |
Shiva Prashanth Rao Dugyala | Senior Devops Engineer | Team |
Karl Stumpf | IT Administrator - Hosting | Team |
56 more people are available in the full profile.
Complete people profiles for T2 Systems
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Investments & Acquisitions by T2 Systems
T2 Systems has strategically engaged in corporate development activities, having acquired 3 companies. Notable acquisitions include Digital Payment Technologies, NuPark and ParkingSoft.
| Company Name | Description | Domain | Location | Founded | Acquired | Amount |
|---|---|---|---|---|---|---|
Cloud-based parking management solutions using license plate recognition are provided. | nupark.com | Lubbock, United States | 2013 | Dec 2021 | •••• | |
Parking infrastructure solutions are provided for enterprises and businesses. | parkingsoft.com | Norcross, United States | 2006 | Jul 2017 | •••• | |
Provider of multi-space parking meters, management software, and online services | digitalpaytech.com | Vancouver, Canada | 1997 | Jan 2014 | •••• |
Complete acquisition details for T2 Systems
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Timeline of T2 Systems
8 dated milestones of T2 Systems across 27 years, from founding to its latest funding, stage changes and deals.
- Founded T2 Systems is founded.
- Funding First funding round of $3.0M.
- Funding Latest funding round, Series B, of $28.0M.
- Acquisition Acquires Digital Payment Technologies.
- Exit Acquired by Thoma Bravo.
- Acquisition Acquires ParkingSoft.
- Exit Acquired by Verra Mobility.
- Acquisition Acquires NuPark.
Competitors of T2 Systems
T2 Systems has 3 listed competitors in our database, 3 of them funded. They include Arrive, Parkhub and FlashParking.
| Company Name | Domain | Founded | HQ Location | Total funding | Employees | Description |
|---|---|---|---|---|---|---|
| arrive.com | 2006 | Chicago, United States | $65.3M | 1 | Tech-enabled platform for parking and mobility management solutions is provided. | |
| parkhub.com | 2010 | Dallas, United States | $15.61M | 59 | Provider of comprehensive parking management solutions | |
| flashparking.com | 2011 | Austin, United States | $314.3M | Parking management systems are delivered via SaaS-enabled hardware and software. |
Detailed competitors of T2 Systems
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Web traffic of T2 Systems
The website of T2 Systems (t2systems.com) receives about 65.4K visits a month and ranks #399,511 among all websites worldwide, #3,034 in Business Services.
- Monthly visits65.4K
▼ 13.8% vs previous month
- Unique visitors28.4K
per month
- Global rank#399,511
among all websites
- Category rank#3,034
Business and Consumer Services · Business Services
- Bounce rate32%
- Pages per visit3.8
- Average visit1 min 37 sec
- DevicesDesktop 23% · Mobile 77%
Websites whose visitors overlap most with T2 Systems. Affinity shows how closely the audiences match.
| Website | Domain | Audience affinity | Monthly visits | Global rank | Profile |
|---|---|---|---|---|---|
| commend.com | 100% | 80.2K | #584,576 | View details | |
| parkassist.com | 100% | 26.7K | #916,559 | View details | |
alfia.co.uk | alfia.co.uk | 100% | – | ||
| parking.net | 89% | #698,019 | View details |
Top companies in Road Transport Tech
3 companies that operate in the same segment as T2 Systems (Road Transport Tech) in United States, ranked by their profile score on The Company Check.
| Company | Description | Founded | Location | Total funding | Revenue | Employees |
|---|---|---|---|---|---|---|
An online platform providing ride-hailing and food delivery services | 2009 | San Francisco, California, United States | USD 13.21 B | USD 52.02 B | 34,000 | |
Electric kick-scooters are rented through an app-based platform. | 2017 | Miami, Florida, United States | USD 765 M | USD 244.66 M | 953 | |
Self-driving vehicle solutions are developed and deployed for transportation. | 2009 | Mountain View, California, United States | USD 27.1 B |
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Related news about T2 Systems
Complete news archive for T2 Systems
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Frequently Asked Questions about T2 Systems
T2 Systems was founded in 1994 and raised its 1st funding round 13 years after it was founded.
T2 Systems is headquartered in Indianapolis, United States. It is registered at Indianapolis, Indiana, United States.
Mike Simmons is the CEO of T2 Systems, as recorded in our data. They have also founded this company.
T2 Systems is a funded company, having raised a total of $31M across 2 funding rounds to date. The company's 1st funding round was a Series A of $3M, raised on Jun 2007.
T2 Systems has 176 employees.
Founded in 1994 and headquartered in Indianapolis, United States, T2 Systems operates in the parking management sector. Software solutions such as PermitNow are offered for event parking, including concerts and sporting activities. T2 Flex is utilized to handle functions like permits, access cards, citations, towing, and contract parking. Services support organizations managing transient and residential parking operations.
T2 Systems's top competitors include Arrive, Parkhub and FlashParking.
T2 Systems offers Permits & Enforcement, PARCS, Mobile Payments, Pay Stations, and UPsafety PE Solution.
T2 Systems has made 3 acquisitions, including Digital Payment Technologies, NuPark, and ParkingSoft.
T2 Systems has 4 investors. Key investors include Verra Mobility, Thoma Bravo, Pamlico Capital, and Petra Capital Partners.
Yes. T2 Systems was acquired by Verra Mobility in November 2021.