Indianapolis, IN, November 16, 2016 — T2 Systems today announced it ranked 400 on Deloitte’s Technology Fast 500™, a ranking of the 500 fastest growing technology, media, telecommunications, life sciences and energy tech companies in North America. T2 grew 169 percent during this period.
T2’s chief executive officer, Adam Blake, credits the company’s growth as a combination of new customers and services as well as existing customers expanding their usage of T2 solutions to run their operations. He said, "It’s quite an honor to be among the fastest growing technology companies in the U.S. We started this journey more than two decades ago to make parking better, and we’ve never lost sight of that goal of continuous improvement for our customers. It’s very rewarding to see our efforts recognized in this way. There is great pride in our accomplishments, and also in our team that makes it happen every day.”
T2, based in Indianapolis, develops comprehensive platforms to make parking management and enforcement as seamless as possible. Its UNIFI Parking Management Platform provides a full suite of technology solutions to increase efficiency, improve ease of parking management and boost revenue for its users. Over 1,100 customers including—universities, municipalities and private operators—rely on T2 for multi-space pay stations, permit management, enforcement, PARCS, vehicle counting and citation services.
“Today, when every organization can be a tech company, the most effective businesses not only foster the courage to explore change, but also encourage creativity in using and applying existing assets in new ways, as resourcefully as possible,” said Sandra Shirai, principal, Deloitte Consulting LLP and U.S. technology, media and telecommunications industry leader. “This ingenious approach to innovation calls for the encouragement of curiosity and collaboration both within and outside the office walls.”
“This year’s Fast 500 winners showcase that when organizations are open to diverse perspectives and insights, they are able to create an environment for their employees and customers to see the possibilities and ingenious solutions that might lie ahead,” added Jim Atwell, national managing partner of the emerging growth company practice, Deloitte & Touche LLP. “Entrepreneurial environments foster change and innovation within businesses, and we look forward to watching these companies continue to drive change across all sectors.”
About T2 Systems
Founded in 1994, T2 Systems is a technology-focused parking systems provider with deep roots in the evolving parking industry. This commitment is evident in T2’s quality products and services, thought leadership and strong customer relationships. The company’s unified parking management and payment solutions provided under the T2 and Digital brands are in use by over 1,000 organizations across the US and Canada including universities, cities, towns, hospitals and parking operators. T2 has offices in Indianapolis, Vancouver and virtual offices throughout North America. For additional information about T2 products and services, visit www.T2systems.com.
About Deloitte’s 2016 Technology Fast 500™
Deloitte’s Technology Fast 500 provides a ranking of the fastest growing technology, media, telecommunications, life sciences and energy tech companies – both public and private – in North America. Technology Fast 500 award winners are selected based on percentage fiscal year revenue growth from 2012 to 2015.
In order to be eligible for Technology Fast 500 recognition, companies must own proprietary intellectual property or technology that is sold to customers in products that contribute to a majority of the company's operating revenues. Companies must have base-year operating revenues of at least $50,000 USD, and current-year operating revenues of at least $5 million USD. Additionally, companies must be in business for a minimum of four years and be headquartered within North America.
As used in this document, “Deloitte” means Deloitte LLP and its subsidiaries. Please see www.deloitte.com/us/about for a detailed description of the legal structure of Deloitte LLP and its subsidiaries. Certain services may not be available to attest clients under the rules and regulations of public accounting.