T2 Systems, a provider of the industry’s most comprehensive suite of parking solutions, has named Mike Drow as its new SVP, Corporate Development. In this newly created role, Drow will assist in accelerating T2’s plans for acquiring technology companies and establishing and managing technology partnerships which align with long-term strategic goals.
“I’ve had the opportunity to work with many companies and people in the parking industry over the last several years, to challenge the status quo and promote new ideas and innovative solutions. Innovation is a process that is best done through collaboration,” said Drow. “Defining a vision, testing ideas and products, listening to customers and collaborating with the right people and businesses via partnership or acquisition are key steps to deliver new and better technologies for customers. T2 is an industry leader and I’m looking forward to helping accelerate this company to the next level.”
Drow has more than 12 years of experience working as an executive at a national parking management firm and is a respected figure in the parking industry. Drow is currently the Co-Chair of the IPI Technology Committee. He holds PMP, CPIM and CAPP certifications and has presented at numerous parking industry conferences.
“Mike is an experienced and driven leader who is definitely admired in our industry. It’s exciting to have someone of his caliber joining us,” said T2 CEO Adam Blake. “He has a proven record of innovation and strategic planning that we believe will help us deliver increased value to our customers and technology partnerships. At T2, we’re driven to use technology to constantly improve and optimize parking solutions for our customers. Mike will play a critical role in executing our strategy.”
This announcement follows T2’s notable growth in 2016 and the recent appointments of a new Chief Technology Officer and a new Chief Financial Officer earlier this year. 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 1,000 customers—including universities, municipalities and private operators—rely on T2 for multi-space pay stations, permit management, enforcement, PARCS, vehicle counting, citation services and event parking.
T2 continues to be the largest parking technology provider in North America, with more than 23 years in the parking management industry and currently serving thousands of parking professionals. T2 integrates the best people, processes and technology for powerful, high performance and secure parking solutions. Its open technology and processes are used to manage more than 200 million parking transactions for over $2 billion annually across all 50 states and nine provinces in Canada. For more information about T2 Systems, visit www.T2systems.com.