INDIANAPOLIS, Nov. 13, 2015 /PRNewswire/ --T2 Systems today announced it ranked No. 444 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.
Indianapolis-based T2, a national leader in parking technology with clients including the City of Houston, Harvard, UCLA, and Duke universities, grew its revenue 134 percent during this period.
The only other Indiana company on the list was Angie's List (#278).
T2's chief executive officer and founder Mike Simmons credits a combination of new customers, services and acquisitions with the company's revenue growth.
"Over the last 21 years, T2's portfolio of clients has grown to include universities, hospitals, airports, cities and private business campuses, all seeking an intuitive and customer-focused approach to making the parking experience as seamless as possible," Simmons said. "This recognition is a credit to the strong team at T2."
T2, with headquarters at Keystone at the Crossing and an office in Vancouver, currently has 260 employees.
"Amid a fierce business climate, there seems to be no shortage of new and established companies that are unlocking a seemingly unlimited potential for growth and advancement through technology's continued disruption and proliferation across industries," said Sandra Shirai, principal, Deloitte Consulting LLP and U.S. technology, media and telecommunications leader. "It is inspiring to witness the innovative ways that companies are incorporating emerging technologies for business gains, be it cognitive computing, or the Internet of Things. We congratulate all those ranked on this year's Fast 500 and look forward to seeing their continued growth into 2016."
"Through the efforts and utilization of new and emerging technologies from these companies, we are witnessing greater business demands from across almost all industries," added Jim Atwell, national managing partner of the emerging company practice, Deloitte & Touche LLP. "We look forward to the opportunity to serve these companies as they strive to grow to the next level – be it towards introducing new solutions or entering new markets – and with it make important and long lasting impressions on the technology market as a whole."
Overall, 2015 Technology Fast 500™ companies achieved revenue growth ranging from 109 percent to 21,984 percent from 2011 to 2014, with an average growth of 850 percent.
About Deloitte's 2015 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 2011 to 2014.
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 or CD, and current-year operating revenues of at least $5 million USD or CD. Additionally, companies must be in business for a minimum of four years and be headquartered within North America.
Started 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 1,100 organizations across the US and Canada including universities, cities, towns, hospitals and parking operators. T2 Systems has offices in Indianapolis, Vancouver and virtual offices throughout North America. For additional information about T2 Systems products and services, visit www.T2systems.com.
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