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T2 Systems
Discover industry-leading parking management solutions from T2 Systems. Streamline operations, enhance compliance, and improve the parking experience with our...
T2 Systems
Discover industry-leading parking management solutions from T2 Systems. Streamline operations, enhance compliance, and improve the parking experience with our innovative technology.
General information
Firm type
Asset Manager
Year founded
1994
Location
Region
North America
Country
United States
City
Indianapolis
Corporate office
8900 Keystone Crossing, Suite 1200, Indianapolis, IN 46240
Additional offices
Burnaby, BC, Canada
Principals
Lin Bo
Sr. Vice President
Matt Alameda
Sr. VP Finance
David Grimwood
Sr. VP Technology
Tommy Kinsman
VP Operations
Mindy Powers
Head of Commercial Sales
Matt Howard
Head of Product
Lindsey Danz
Director of Human Resources
Sector focus
Frequently asked questions
Who runs day-to-day operations at T2 Systems?
Senior Vice President Lin Bo leads T2 Systems, with a named leadership team spanning finance (Matt Alameda), technology (David Grimwood), operations (Tommy Kinsman), sales (Mindy Powers), product (Matt Howard), and human resources (Lindsey Danz). The firm operates as a division of Verra Mobility, which acquired T2 in 2021.
Is T2 Systems a family office or an investment fund?
Neither. T2 Systems is an operating business that sells parking management software and hardware. It became a wholly owned subsidiary of Verra Mobility (NASDAQ: VRRM) in 2021 and does not manage outside capital. Its business model is recurring SaaS and services revenue, not capital deployment.
How does T2 Systems generate revenue?
T2 generates revenue through software licensing, transaction processing fees, hardware sales (pay stations, LPR cameras), and ongoing maintenance and support contracts. Its platform bundles permit management, enforcement, PARCS, mobile payments, and citation collection, serving universities, municipalities, private operators, healthcare systems, and airports.
What does the 2021 Verra Mobility acquisition mean for T2's structure?
The acquisition folded T2 into a public company structure. T2 now operates with the financial backing and reporting obligations of Verra Mobility but retains its own brand, leadership, and customer-facing operations. The deal converted a 27-year-old founder-led private company into a public-company division.
Which customer segments does T2 serve?
T2 serves universities and colleges (permit management), municipalities (enforcement and smart-parking), private operators, corporate campuses, hospitals and healthcare systems, and airports. Its largest installed base is in higher education and local government across the United States and Canada.
Does T2 Systems make direct investments in external companies?
There is no public evidence that T2 makes direct investments in external companies. As an operating subsidiary of Verra Mobility, its capital allocation is governed at the parent level and directed toward organic product development and integration, not a fund-style investment portfolio.
What is T2 Velocity?
T2 Velocity is T2’s unified gateless access and revenue control system. It combines license plate recognition, transient payment processing, permit management, enforcement, and collections into a single platform, targeting operators that want to remove physical gate infrastructure while maintaining revenue integrity.
Profile maintained by Altss using OSINT (open-source intelligence), regulatory filings, licensed data partners, and verified direct submissions. Read the methodology. Last updated: . Continuous refresh with full update cycles at least every 30 days.
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