Tag Archives for: T2

T2 Systems Releases T2 Velocity Frictionless Parking Solution

July 14, 2022

T2 Systems Releases T2 Velocity Frictionless Parking Solution

The all-in-one access and revenue control solution is designed to help operators increase compliance, improve enforcement efficiency, automate the citation lifecycle, and make data-driven decisions.

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.

Velocity helps smaller municipalities and private operators manage access and revenue control in a more efficient and cost-effective way. The seamless, automated solution has minimal capital investment and maintenance costs, while also delivering a low- to zero-touch experience for the parker.

“Simply put, we want parkers to have an enjoyable experience while increasing efficiency for operations by enabling them to gain insights and manage enforcement without having to have the right staff, in the right place, at the right time,” said Zack Harmeyer, Head of Product for T2 Systems.

Velocity uses fixed license plate recognition (LPR) cameras at the entry of a parking facility to record the license plate number and time of entry for all vehicles that enter. Customers are then directed to purchase time at a pay station or using their mobile device before leaving the facility. As vehicles exit, another set of LPR cameras captures the license plate number and time. If a customer did not pay for parking or exceeded their purchased time, a ticket is automatically generated and sent to the registered owner.

Velocity also offers the option to enforce in real time with handheld devices and paper tickets for operators with mandates or a preference to print and place notices on vehicle windshields.

“Velocity has greatly reduced wait times at entrance and exit, which has been the prevailing complaint from our customers. It has also reduced our maintenance costs. And the auto-enforcement of violations has created a new revenue stream, which offsets the cost of the entire system,” said Nathan Matz, Executive Director of the Reading Parking Authority.

On the back end, Velocity provides a wealth of real-time data to operators, including occupancy, dwell time/duration of stay, parking transaction type, and more. This data can be used to optimize pricing based on demand, maximizing revenue. Additionally, comprehensive reporting capabilities help drive insights and create business value.

For more information or to contact a T2 Systems representative about T2 Velocity, click here.

About T2 Systems
www.t2systems.com

T2 Systems, a Verra Mobility company, is the largest provider of parking and mobility solutions in North America. With nearly 30 years in business, T2 now serves more than 2,000 customers and maintains the largest Customer Community with over 7,500 active members. T2 helps universities, municipalities, operators, healthcare campuses, and transportation hubs generate revenue and operate efficiently with a comprehensive, integrated suite of solutions featuring touchless and contactless capabilities. From curbside management to gateless, from mobile payments to transportation demand management, T2 strives to make every trip a smooth journey by streamlining the parking, mobility, and transportation experience with technology solutions that help organizations manage resources, achieve goals, and empower consumers with choices.

T2 Systems Acquires NuPark from Passport

December 14, 2021

T2 Systems Acquires NuPark from Passport

T2 Systems (“T2”) has acquired the NuPark solution from Passport. T2 will bring the best parts of NuPark together with existing T2 offerings to continue delivering best-in-class solutions for university and municipality customers that meet evolving post-pandemic needs.

“We appreciate the commitment of the NuPark team to convert customers to T2 and the diligence of the Passport team in making this happen. It is proof that competitive collaboration can be a win-win and is further evidence that the parking industry is a family that always strives to be better together,” said Adam Blake, President of T2 Systems.

T2 continues to innovate and grow, both organically and through acquisition, by listening to the needs of customers and anticipating industry trends. The acquisition of NuPark advances T2’s position as an industry leader delivering parking and mobility solutions that provide consumer choice through touchless, contactless, and mobile payment options, plus operational automation capabilities, all supported by the most knowledgeable, responsive customer experience resources in the industry.

About T2 Systems
www.t2systems.com

T2 is the largest provider of parking and mobility solutions in North America. With over 27 years in business, T2 now serves nearly 2,000 customers and maintains the largest Customer Community with over 5,000 active members. T2 helps universities, municipalities, operators, healthcare campuses, and transportation hubs generate revenue and operate efficiently with a comprehensive, integrated suite of solutions featuring touchless and contactless capabilities. From curbside management to gateless, from mobile payments to transportation demand management, T2 strives to make every trip a smooth journey by streamlining the parking, mobility, and transportation experience with technology solutions that help organizations manage resources, achieve goals, and empower consumers with choices.

Verra Mobility to Acquire T2 Systems, a Leading Provider of Parking Management Solutions, from Thoma Bravo

November 02, 2021

Verra Mobility to Acquire T2 Systems, a Leading Provider of Parking Management Solutions, from Thoma Bravo

Acquisition expands Verra Mobility’s portfolio of smart mobility technologies that make transportation safer and easier

MESA, Ariz., Nov. 2, 2021 — Verra Mobility (NASDAQ: VRRM), a leading provider of smart mobility technology solutions, announced today that it has signed an agreement to acquire privately held T2 Systems from leading software investment firm Thoma Bravo for $347 million on a cash-free and debt-free basis, plus an additional up to $9 million related to an impending asset acquisition by a wholly owned indirect subsidiary of T2 Systems. T2 Systems is a leading provider of parking solutions in North America, with nearly $80 million in revenue and approximately $21 million in adjusted EBITDA expected in 2021.

Verra Mobility will fund the all-cash transaction with a combination of current cash balances and accordion features in existing debt. The transaction is expected to close by the end of the fourth quarter.

T2 Systems provides an integrated suite of parking software and hardware solutions to universities, municipalities, parking operators, healthcare facilities and transportation hubs. Verra Mobility plans to operate T2 Systems as a distinct business unit.

“This acquisition complements our portfolio of urban mobility technology and allows us to continue growing revenue while diversifying our customer base. At just under 3.7x leverage at the end of Q3, this allows us to put our significant cash flow back to work for investors,” said David Roberts, president and CEO, Verra Mobility. “With the rapid growth of ride-sharing and last-mile delivery, cities need innovative solutions to solve traffic issues and optimize curbside management. Verra Mobility’s photo enforcement solutions coupled with T2 Systems’ parking technology will put us in a strong position to help cities adapt to these emerging complexities.”

“The combination of our unified parking and mobility management platform and Verra Mobility’s expertise in intelligent transportation systems will help deliver a streamlined transportation experience,” said Adam Blake, CEO, T2 Systems. “We are grateful to the Thoma Bravo team and excited to join the Verra Mobility team as we continue to innovate and improve the customer experience.”

“We are proud of what we accomplished in partnership with Adam Blake and the entire T2 team over the past five years. Today the company has a broader product offering, improved operations, and a stronger base of customers,” said A.J. Rohde, a Senior Partner at Thoma Bravo.

“With T2 Systems’ leading technology platform and the support of their new strategic partner, Verra Mobility, we look forward to watching T2 during its next chapter of growth as the leading provider of parking technology solutions,” added Matt LoSardo, vice president at Thoma Bravo.

During Thoma Bravo’s ownership, T2 Systems significantly grew its recurring software revenue, closed two add-on acquisitions, signed an additional asset acquisition, and introduced several new products.

T2 Systems serves more than 1,900 customers with a wide range of parking management solutions that includes curbside management, mobile payments, contactless transactions, and transportation demand management. The company offers a centralized, open platform covering the entire parking and mobility ecosystem. The T2 Link^TM unified platform provides customers with a central source to manage their entire parking operation including third-party integrations.

For more information about T2 Systems, please visit www.t2systems.com.

Shea & Company is acting as the exclusive financial advisor to T2 Systems and Thoma Bravo during the transaction.

About Verra Mobility

Verra Mobility (NASDAQ: VRRM) is committed to developing and using the latest in technology and data intelligence to help make transportation safer and easier. As a global company operating in more than 15 countries, Verra Mobility sits at the center of the mobility ecosystem – one that brings together vehicles, devices, information, and people to solve the most complex challenges faced by our customers and the constituencies they serve.

Verra Mobility serves the world’s largest commercial fleets and rental car companies to manage tolling transactions and violations for millions of vehicles. As a leading provider of connected systems, Verra Mobility processes millions of transactions each year through integration and connectivity with hundreds of tolling and issuing authorities. Verra Mobility fosters the development of safe cities, partnering with law enforcement agencies, transportation departments and school districts across North America, operating thousands of red-light, speed, bus lane and school bus stop arm safety cameras. Arizona-based Verra Mobility operates in North America, Europe, Asia, and Australia. For more information, please visit www.verramobility.com.

About Thoma Bravo

Thoma Bravo is one of the largest private equity firms in the world, with more than $83 billion in assets under management as of June 30, 2021. The firm invests in growth-oriented, innovative companies operating in the software and technology sectors. Leveraging the firm’s deep sector expertise and proven strategic and operational capabilities, Thoma Bravo collaborates with its portfolio companies to implement operating best practices, drive growth initiatives and make accretive acquisitions intended to accelerate revenue and earnings. Over the past 20 years, the firm has acquired more than 325 companies representing over $100 billion in enterprise value. For more information, visit thomabravo.com.

Forward-Looking Statements

This press release contains “forward-looking statements” within the meaning of the Private Securities Litigation Reform Act of 1995. Such statements include, but are not limited to, statements about Verra Mobility’s plans, objectives, expectations, beliefs and intentions and other statements including words such as “hope,” “anticipate,” “may,” “believe,” “expect,” “intend,” “will,” “should,” “plan,” “estimate,” “predict,” “continue” and “potential” or the negative of these terms or other comparable terminology. The forward-looking statements herein represent the judgment of the Verra Mobility, as of the date of this release, and Verra Mobility disclaims any intent or obligation to update forward-looking statements. This press release should be read in conjunction with the information included in Verra Mobility’s other press releases, reports and other filings with the SEC and on the SEC website, www.sec.gov. Understanding the information contained in these filings is important in order to fully understand Verra Mobility’s reported financial results and our business outlook for future periods. Actual results may differ materially from the results anticipated in the forward-looking statements and the assumptions and estimates used as a basis for the forward-looking statements.

T2 MobilePay Delivers a Simple, Contactless Parking Experience to CITYCENTRE Houston

August 27, 2021

T2 MobilePay Delivers a Simple, Contactless Parking Experience to CITYCENTRE Houston

August 27, 2021 – Visitors of CITYCENTRE, a mixed-use development in Houston developed by Midway, will now be able to pay for parking quickly and easily on their phone using T2 MobilePay. The mobile payment platform, from parking technology leader T2 Systems, will be available in 167 on-street and 941 off-street parking spaces. CITYCENTRE also offers an abundance of free parking options with easy access to retailers, restaurants, and the plaza.

“I’m excited that the T2 MobilePay platform is now available to the CITYCENTRE community,” said Bric Fraser, Regional Sales Manager for T2 Systems. “Since there is never an app to download, first-time and repeat visitors share the same convenience. This solution will increase mobile payment adoption and customer satisfaction.”

T2 MobilePay, powered by TEXT2PARK, is a browser-based parking payment solution that does not require parkers to download an app. They simply send a text message or scan a QR code specific to the lot, enter their parking and payment information, and go on their way. Meanwhile, parking operators are given complete control of their customers, data, brand, and revenue.

For more information, visit t2systems.com/t2-mobilepay.

About T2 Systems
www.t2systems.com

T2 is the largest provider of parking and mobility solutions in North America. With over 27 years in business, T2 now serves more than 2,000 customers and maintains the largest Customer Community with over 5,000 active members. T2 helps universities, municipalities, operators, healthcare campuses, and transportation hubs generate revenue and operate efficiently with a comprehensive, integrated suite of solutions featuring touchless and contactless capabilities. From curbside management to gateless, from mobile payments to transportation demand management, T2 strives to make every trip a smooth journey by streamlining the parking, mobility, and transportation experience with technology solutions that help organizations manage resources, achieve goals, and empower consumers with choices.

T2 Mobile Enforcement App Now Integrates with Genetec ALPR System

February 11, 2021

T2 Mobile Enforcement App Now Integrates with Genetec ALPR System

February 11, 2021 – T2 Systems’ Mobile Enforcement App (MEA), a citation issuance app available for iOS and Android smartphones and tablets, now integrates with security solution leader Genetec’s AutoVu automatic license plate recognition (ALPR) system, providing parking operations with a mobile LPR-based enforcement solution.

This integration allows an enforcement vehicle equipped with Genetec AutoVu to communicate directly with the MEA, enabling enforcement staff to view and enforce LPR detected violations in the MEA in real time. All data is stored in T2 Flex^®, and the two solutions work together to streamline data and make issuing citations as easy as the press of a button.

Benefits of this integration include improved enforcement efficiency, the ability to see claimed detected violations, improved safety for enforcement officers. Additionally, this combined solution helps keep traffic moving, as officers can park their LPR vehicle and return to any cars in violation to enforce, rather than stopping for each violation.

If you are a current T2 customer, reach out to your Account Manager for more information on this integration. To contact a T2 Systems representative about the Mobile Enforcement App or any other T2 solutions, contact us here.

About T2 Systems
www.t2systems.com

T2 is the largest provider of parking, transportation, and mobility solutions in North America. With over 25 years in business T2 now serves more than 1,700 customers and maintains the largest Customer Community with over 5,000 active members. T2’s open technology and best practices are used to process over 2 billion US dollars annually, and the company’s PARCS, Permits, Enforcement, Pay Stations, and Professional Services capabilities are renowned for innovation and reliability. T2 solutions help universities, municipalities, operators, healthcare campuses, and transportation hubs generate revenue and operate efficiently with integrated solutions featuring touchless and contactless options. From curbside management to gateless, from mobile payments to transportation demand management, T2 strives to make every trip a smooth journey by streamlining the parking, mobility, and transportation experience with technology solutions that help organizations manage resources, achieve goals, and empower consumers with choices.

TEZ and T2 announce T2MobilePay powered by TEXT2PARK

October 01, 2020

TEZ and T2 announce T2MobilePay powered by TEXT2PARK

App-free mobile payment solution puts a pay station in every customer’s hand, enhances their guest experience and generates more revenue for operators

Plano, TX – Oct. 01, 2020 – Industry leaders TEZ and T2 have partnered to deliver two best-in-class solutions that combine TEZ’s cutting-edge, app-free and contactless mobile payment platform, TEXT2PARK®, with T2’s robust Iris™ parking management software and renowned T2 Luke® Pay Stations.

Contactless technology plays a vital role in every aspect of the parking and mobility industry. Operators and owners of parking related real estate recognize they need to accelerate adoption of multiple payment options to ensure their operations are easily accessible. And they want their customers and data to remain their own.

The combined technology of MobilePay records all transaction data in a user-friendly system that enables complete control over and insight into daily parking activity and customer data, and also accounts for and reconciles existing third-party mobile app transactions. Customers appreciate an enhanced user experience that includes a powerful survey tool, two-way SMS-based text communication, and informative real-time public messages.

“In today’s market, generating revenue, offering end users touchless solutions, and owning customer data are of utmost importance to parking operations,” said Michael Hamilton, VP, Product Management for T2 Systems. “T2 is thrilled to partner with TEZ to check all three of these boxes for our customers with T2 MobilePay, further enhancing the value of the Iris platform.”

T2 MobilePay can be white labeled in the TEXT2PARK® transaction and digital receipt screens to promote individual locations, brands, and parking programs. The system can also be used to send real-time, geotargeted public messages and digital banner ads to end users, creating a brand-new monetization opportunity for operators and a more personalized guest experience for customers.

“The contactless revolution continues. Today’s dynamic business landscape demands flexibility, ease of use and multiple payment options. Imagine a pay station in your customer’s hand,” said Steve Resnick, Chief Revenue Officer at TEZ. “We did, and we believe we have created an unsurpassed data-driven value-proposition for operators, clients and customers alike. We are extremely excited to partner with T2 in delivering the industry’s most technology-forward, customer-friendly and accountable mobile solution available.”

About TEZ

www.tezhq.com

TEZ is a pioneering software developer that creates app-free, cloud-based mobile solutions to enhance end-user customer experiences in the parking and hospitality industries. By digitizing service with TEXT2PARK®, SMS Valet®, PERMIT2PARK® and TEXT4SERVICE®, operators and owners of commercial real estate speed up service, automate processes and streamline their operations, generating more revenue. Founded in 2011 by the team that created and patented market-disrupting restaurant paging systems, TEZ platforms offers real-time reporting, dashboard analytics capacities and a comprehensive digital audit trail to maximize accountability and profitability in a simple SaaS interface. For more information, follow TEZ on LinkedIn or visit www.tezhq.com

About T2 Systems

www.t2systems.com

UPsafety Joins T2 Systems to Create Comprehensive Parking Solutions for the Municipal Market

September 23, 2020

UPsafety Joins T2 Systems to Create Comprehensive Parking Solutions for the Municipal Market

September 23, 2020 — Municipalities, universities, operators, healthcare campuses, and transportation hubs can now leverage the combined technology solutions of T2 Systems (“T2”) and United Public Safety (“UPsafety”) to generate more revenue more efficiently.

“We are thrilled to have the UPsafety team join the T2 team. With their similar customer-focused cultures and complementary capabilities, T2 will be able to expand our ability to deliver proven solutions to mid-sized and smaller municipalities,” said Adam Blake, CEO of T2 Systems. “UPsafety has developed a best-in-class solution that when integrated with T2 capabilities gives our customers access to the best end-to-end solution for permit and payment, LPR, enforcement, citations management, and collections solution in the industry.”

With T2’s commitment to invest in R&D projects for the company in FY 2021, the team at UPsafety will continue to expand under the leadership of Joan Young as a separate solution offering within the T2 portfolio. This means faster enhancement to products for current customers, and an expanded sales, service, and collection organization from T2 allowing the Company to continue to grow quickly in to new markets.

“Since the beginning, we have done one thing and one thing well: winning the trust of great clients and leaning on them as the best in the business to tell us what’s next. With T2, this process of improving for all clients with every installation is just adding fuel to a rocket ship. We can’t wait to see what we build next, and how we can positively impact both our Client base and T2’s with an expanded solution offering. With the same great team in place, expanded funding to continue to innovate, and a foundation like T2’s to stand on, we’re ready for lift off,” said Joan Young, President of UPsafety.

T2 continues to innovate and grow, both organically and through acquisition, by listening to the needs of customers and anticipating industry trends. The acquisition of UPsafety advances T2’s position as an industry leader delivering touchless/contactless solutions, reliable hardware, and mobile payment options all supported by the most knowledgeable, responsive customer experience resources in the industry.

About United Public Safety

www.upsafety.net

Founded in 2012, UPsafety is a leading provider of SaaS enforcement, asset tracking and business process automation solutions to modern governments and operations. UPsafety is committed to the idea that government technology doesn’t have to be outdated, software doesn’t have to be complex to be smart, and that smart teams can do big things. UPsafety brings governments into the modern age by making cutting-edge technology accessible to even the smallest departments. As enforcement lifecycle specialists, UPsafety focuses on the latest technology, seamless implementations and a dedication to 24/7/365 in-house support.

About T2 Systems

www.t2systems.com

T2 Pay Stations Now Live at Oklahoma State Park Locations

August 27, 2020

T2 Pay Stations Now Live at Oklahoma State Park Locations

August 27, 2020 – Oklahoma State Parks has partnered with Premium Parking to install and utilize 28 T2 Luke® ll Pay Stations, providing a streamlined entry solution that will save time and money for both Oklahoma State Parks and park-goers. Premium Parking was awarded the parking permit and enforcement contract and partnered with T2 Systems as their preferred pay machine partner for the Oklahoma State Parks.

The T2 Luke Pay Stations have been installed by Premium Parking as part of their GLIDEPARCS® solution, creating a seamless park entrance process by charging visitors by vehicle rather than by individual. The Oklahoma Tourism and Recreation Department is updating 22 of its approximately 30 State Parks to this new parking system.

Tourism is the third-largest industry in Oklahoma, and Oklahoma State Parks sees millions of visitors and generates millions in earned revenue each year. As the organization saw an increase in demand over the past several years, it realized the need for an updated park entrance system and turned to Premium Parking and T2 Systems.

T2 Pay Stations are powered by T2 Iris, a secure, easy-to-use, cloud-based data intelligence platform that will enable Oklahoma State Parks to track and manage their entire operation.

The Luke II Pay Stations will allow visitors to conveniently pay by credit card. They are user friendly, featuring an intuitive payment flow and tactile keys that can be pressed with a car key or the corner of a credit card for limited contact. The Pay Stations are also highly configurable, allowing a wide variety of fee options to choose from.

About T2 Systems

T2 Systems was founded in 1994 with one simple goal: make parking better. We immediately established a leadership position in the parking industry and continue to pave the way in new technologies that help our customers seamlessly manage parking, mobility, and transportation services. Today, T2 provides the most comprehensive solutions available to process transactions and leverage data to make informed decisions. Our unified parking management platform puts all the tools needed to be efficient and effective at our customers’ fingertips, with one place to manage their T2 solutions, including Permits, Enforcement, PARCS, Pay Stations, and more. With a strong track record of delivering projects that generate real return for our customers, and by delivering a quality experience for parking patrons, T2 continues to focus on helping our customers move their operations forward. For more information about T2, visit T2Systems.com.

T2 Systems’ Thomas Wunk Honored with IPMI Chairman’s Award

June 10, 2020

T2 Systems’ Thomas Wunk Honored with IPMI Chairman’s Award

INDIANAPOLIS, IN – T2 Systems, the largest parking technology provider in North America, announced that Thomas Wunk, T2 Vice President, received the 2020 Chairman’s Award from the International Parking and Mobility Institute (IPMI).

The annual IPMI Chairman’s Award is a professional recognition that honors an individual(s) who have made an impact and driven change benefitting the parking, transportation, and mobility industry.

Wunk is a Vice President and Industry Consultant for T2 Systems. He is a Certified Administrator of Public Parking (CAPP) and teaches a number of sessions for the IPMI CAPP certification process. A product of the State University of New York system, he is an active member of IPMI, and ASIS. Wunk has been in the parking control industry since 1973 and has designed and implemented parking control solutions all over the world.

“IPMI has advanced the parking and mobility profession over the years, and so has Tom both within T2 and the industry,” said T2 CEO Adam Blake. “We are proud to support them as they encourage professional development, research, advocacy and outreach. We thank IPMI for this recognition of Tom. He is very deserving of this award, and continually drives to improve how we use technology in our operations and customer engagements. Tom helped to launch our PARCS efforts several years ago, and has always made sure we are on the right path forward.”

After receiving the Chairman’s Award, Wunk was asked to provide a list of professional accomplishments to share. He instead opted to thank those who have helped him along the way, highlighting his gratitude for having great friends and family surrounding and encouraging him throughout his career. His acceptance of the award can be found on IPMI’s website.

About T2 Systems

Barnacle Parking Enforcement integrates their Enterprise Management System with T2 Systems’ Flex Enforcement Solution

April 30, 2020

Barnacle Parking Enforcement integrates their Enterprise Management System with T2 Systems’ Flex Enforcement Solution

April 30, 2020 – Barnacle Parking Enforcement has integrated their Enterprise Management System with T2 Systems’ Flex Enforcement Solution. The new integration will support mutual customers, including Lexington and Fayette County Parking Authority (LexPark), Rochester Institute of Technology, University of Houston, Howard University and others.

The Barnacle and T2 integration allows Parking Enforcement Officers to deploy devices in the Barnacle Enforcer application, with citations automatically queried from the T2 Flex portal. Additionally, the integration enables violations to be marked as closed and paid in the T2 system once the motorist releases a device via Barnacle’s 24/7 call center or web payment portal. This seamless integration will enhance the driver/violator experience while reducing the administrative workload for customers.

About Barnacle

Barnacle® Parking Enforcement was formed to modernize parking enforcement with a customer service-oriented technology that enhances compliance and collects on unpaid citations. Barnacle has developed a patented solution that embeds mobile connectivity and online payment processing within consumer and enforcement friendly immobilization. Barnacle is leveraging technology to improve process efficiencies and provide unmatched standards in terms of deployment, cost savings and motorist satisfaction.

About T2 Systems

T2 Systems was founded in 1994 with one simple goal: make parking better. We immediately established a leadership position in the parking industry and continue to pave the way in new technologies that help you seamlessly manage parking, mobility, and transportation services. Today, we provide the most comprehensive solutions available to process transactions and leverage data to make informed decisions. Our unified parking management platform puts all the tools you need to be efficient and effective at your fingertips, with one place to manage your T2 solutions, including Pay Stations, Permits, Enforcement, PARCS, and more. With a strong track record of delivering projects that generate real return for our customers, and by delivering a quality experience for parking patrons, T2 continues to focus on helping our customers move their operations forward.

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