ParkingSoft, LLC
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ParkingSoft, LLC - overview
Established
2006
Location
Norcross, GA, US
Primary Industry
Software
About
ParkingSoft, LLC offers innovative parking management solutions designed to enhance operational efficiency for various clients, including municipalities and corporate entities. Their technology streamlines parking processes and improves customer experiences through advanced software applications. ParkingSoft, LLC, founded in 2006, is based in Norcross, US. The company specializes in parking management solutions and was acquired by T2 Systems, Inc.
, a portfolio company of Thoma Bravo, in July 2017. The firm has completed one deal since its inception. ParkingSoft, LLC provides comprehensive parking management tools tailored for universities, municipalities, corporate campuses, healthcare systems, and airports. Their solutions include parking permit management, enforcement technology, Parking Access and Revenue Control Systems (PARCS), and mobile payment systems, all designed to enhance operational efficiency and user experience across various geographic markets, primarily in North America.
ParkingSoft, LLC generates revenue through subscription-based services and software licensing agreements, engaging clients with products that integrate various parking management functionalities. Clients subscribe to these services, ensuring ongoing support tailored to their operational needs, which often leads to long-term contractual relationships. Following its acquisition in July 2017, ParkingSoft, LLC anticipates future growth through the development of new products aimed at enhancing user experience in parking management. The company aims to expand its market presence in North America, leveraging insights gained from its recent acquisition by T2 Systems.
Funding from the acquisition is expected to support these initiatives, ensuring continuous innovation and market adaptation.
Current Investors
T2 Systems, Inc.
Primary Industry
Software
Sub Industries
Accounting/Finance Software, Analytics & Performance Software
Website
http://parkingsoft.com
Company Stage
Add-on
Total Amount Raised
Subscriber access only
ParkingSoft, LLC - deals
| Deals Type | Deal Status | Target (s) | Deal Date | Investor(s) | Seller(s) | Deal size (Mn) | Enterprise value (Mn) | Post-money valuation (Mn) | EBITDA multiple (x) | Revenue multiple (x) | Lead partner (s) |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Add-on | Completed | ParkingSoft, LLC | - |
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