Thoma Bravo LLC has agreed to purchase T2 Systems Inc., a space and event parking management company, from Charlotte-based private equity firm Pamlico Capital for an undisclosed amount. The deal is the fourth investment from the buyer’s $1 billion Discover Fund that closed in early 2016.
Indianapolis, Minnesota-based T2 develops the Unifi Parking Management system for more than 1,100 customers, universities and municipalities including: the City of Boulder, Colorado; George Mason University; and the University of British Columbia. T2’s software helps increase parking efficiency and improve parking management. The target provides multi-space pay stations, permit management and enforcement, citation services, vehicle counting, and event parking.