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M&A Deal Summary

T2 Systems Acquires ParkingSoft

On July 17, 2017, T2 Systems acquired internet software and services company ParkingSoft

Acquisition Highlights
  • This is T2 Systems’ 3rd transaction in the Internet Software and Services sector.
  • This is T2 Systems’ 2nd transaction in the United States.
  • This is T2 Systems’ 1st transaction in Georgia.

M&A Deal Summary
Date 2017-07-17
Target ParkingSoft
Sector Internet Software and Services
Buyer(s) T2 Systems
Deal Type Add-on Acquisition

Target

ParkingSoft

Norcross, Georgia, United States
ParkingSoft LLC is a provider of cloud based software enabled PARCS (Parking Access Revenue Control Systems), valet and events products with state-of-the-art features such as barcode and LPR. ParkingSoft LLC was established in 2006 and is headquartered in Norcross, Georgia.

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Buyer(S) 1

Buyer

T2 Systems

Indianapolis, Indiana, United States
Category Company
Founded 1994
Sector Internet Software and Services
DESCRIPTION

T2 Systems is a provider of unified SaaS (Software as a Service) parking management solutions. T2 Systems's comprehensive portfolio of services includes solutions that help organizations manage parking permits, citations, gated parking facilities, and special events. T2 Systems was established in 1994 and is based in Indianapolis, Indiana.

DEAL STATS #
Overall 3 of 3
Sector: Internet Software and Services M&A 3 of 3
Type: Add-on Acquisition M&A Deals 3 of 3
State: Georgia M&A 1 of 1
Country: United States M&A 2 of 2
Year: 2017 M&A 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2014-11-04 CASE Parking

Irvine, California, United States

CASE Parking LLC is a parking data solutions provider, including its Counts in the CloudTM solution.

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