T2 Systems

Acquired

Your partner in parking excellence

Indianapolis, United States · Founded 1994

Employees
201–500
Founded
1994
Business Model
B2B
Last Round
Private EquitySep 2016
Rounds
3
Acquired by
Verra Mobility CorporationNov 2021

About

T2 Systems, founded in 1994 and headquartered in Indianapolis, Indiana, is the largest parking, mobility, and transportation technology provider in North America. The company provides a unified platform for permit management, enforcement, PARCS (Parking Access and Revenue Control Systems), pay stations, mobile payments, license plate recognition, and citation services. T2 serves thousands of customers including universities, municipalities, airports, healthcare facilities, and private operators across all 50 U.S. states and ten Canadian provinces, processing over 200 million parking transactions and over $2 billion annually. In 2021, T2 Systems was acquired by Verra Mobility (NASDAQ: VRRM).

Summary

T2 Systems is a SaaS company based in Indianapolis, United States, founded in 1994. Its most recent funding was a Private Equity round in Sep 2016. Investors include Thoma Bravo and Pamlico Capital.

Tech & App Stack

8 technologies & apps tracked

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Funding History

AcquisitionNov 2021

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Series A through Acquisition — per-round amounts, valuations, and who invested in each round.

Investors

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