Company profile: T2 Systems
1.1 - Company Overview
Company description
- Provider of parking management solutions and services for events, offering PermitNow for event parking management, T2 Flex to streamline parking functions, permit management including virtual permits, enforcement with mobile and fixed LPR, access and revenue control (PARCS), contactless payment options, seamless integrations, and PCI- and SOC 2-compliant hosting.
Products and services
- Access & Revenue Control (PARCS): A modular system managing parking access and revenue with integrated hardware and software for permit parking, streamlining entry control and transaction management for venues
- Permit Management: An enterprise-grade platform that manages various parking permit types, including virtual permits, to control parking access for concerts, sporting events, and organizational venues
- Contactless Payment Options: An LPR-enabled payment offering supporting online permit sales, mobile payments, and license plate recognition–based transactions to enable touchless parking operations across events and venues
Key contacts
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Financial details
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1.2 - Competitors and similar companies to T2 Systems
Actoll
HQ: France
Website
- Description: Provider of solutions for public transport, motorway tolls and electronic banking, including interoperable transport systems enabling seamless travel with a single card; modular connected ticketing; school ticketing digitization; EMV-based contactless payment and validation for transport networks; real-time passenger information (SAEIV); and a SaaS mobility platform for real-time control and optimization.
- Rationale: This competitor operates in a highly similar market segment with overlapping features.
- Company type: Private company
- Employees: ●●●●●
- Total funding raised: $●●●m
- Backers: ●●●●●●●●●●
- Acquisitions: ●●
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SpotHero
HQ: United States
Website
- Description: Provider of the leading and only independent consumer marketplace for parking in North America, offering monthly parking, airport parking with on-site/off-site options and shuttle service, commuter benefits enabling pre-tax parking payments, SpotHero for Apple CarPlay, a Parking API for developers, and plug-and-play web widgets to add parking booking to websites.
- Rationale: This competitor operates in a highly similar market segment with overlapping features.
- Company type: Private company
- Employees: ●●●●●
- Total funding raised: $●●●m
- Backers: ●●●●●●●●●●
- Acquisitions: ●●
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Veezu
HQ: United Kingdom
Website
- Description: Provider of local taxi services across hundreds of UK towns and cities with booking via phone, app or online; airport transfers to and from over 40 UK airports; business travel solutions with direct debit, credit card or monthly accounts; courier services with app tracking; executive cars driven by professional driver-partners; and meet and greet journeys, enabled by investment in technology for best-in-class B2C and B2B.
- Rationale: This competitor operates in a highly similar market segment with overlapping features.
- Company type: Private company
- Employees: ●●●●●
- Total funding raised: $●●●m
- Backers: ●●●●●●●●●●
- Acquisitions: ●●
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Flash
HQ: United States
Website
- Description: Provider of cloud-based parking and mobility technology for consumers and operators, including FlashOS for powering mobility hubs, FlashIQ for real-time operational insights, PARCS solutions for modern parking operations, mobile valet parking software, event parking management, and ungated parking digital payment and enforcement.
- Rationale: This competitor operates in a highly similar market segment with overlapping features.
- Company type: Private company
- Employees: ●●●●●
- Total funding raised: $●●●m
- Backers: ●●●●●●●●●●
- Acquisitions: ●●
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Advanced Checking Services
HQ: United Kingdom
Website
- Description: Provider of electronic checking of driving licences in the United Kingdom, using DVLA information to confirm a driver's licence status, endorsements, and entitlement to drive, enabling organisations to comply with health & safety and corporate manslaughter obligations.
- Rationale: This competitor operates in a highly similar market segment with overlapping features.
- Company type: Private company
- Employees: ●●●●●
- Total funding raised: $●●●m
- Backers: ●●●●●●●●●●
- Acquisitions: ●●
View full Advanced Checking Services company profile →
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2.M&A buyers
2.1 Potential strategic acquirers in the sector
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2.2 - Strategic buyer groups for T2 Systems
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Buyer group 2: ████████ ████████
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Buyer group 3: ████████ ████████
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Key Products: ████████, ████████, ████████, ████████
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3. Investors and private equity firms
3.1 - Buyout funds investing in similar companies to T2 Systems
2.2 - Growth funds investing in similar companies to T2 Systems
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4 - Top valuation comps for T2 Systems
4.2 - Public trading comparable groups for T2 Systems
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