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T2 Systems, based in Indianapolis, IN, is a leading provider of parking management software to universities and municipalities. T2's software manages all aspects of parking, from issuance of permits, to parking facility access, to citations and collections. T2 employs a software as a service ("SaaS") business model with software sold as a subscription. Petra invested $3.0 million of preferred stock to help support organic growth initiatives and later invested an additional $1.2 million to buyout a passive shareholder. |
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3825 Bedford Avenue, Suite 101 | Nashville, TN 37215 | Tel: 615-313-5999 | Fax: 615-313-5990 |
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