Ramp Up Mobile Computing Revenue

Helping parking operations maximize their revenue and service levels is leading to this software developer's projected 30% sales revenue growth this year.

The last time you dropped a few quarters into a parking meter, it probably never occurred to you how much revenue municipalities, hospitals, universities, and other parking authorities generate – not to mention how this industry could benefit your reseller business. According to a recent U.S. Census, there are more than 10,358 parking lot and garage establishments in the United States that generate more than $5 billion in annual revenue. How could this lucrative market use your assistance, you wonder?

Take the San Francisco Department of Parking and Traffic as one answer to that question. A recent article in the San Francisco Sentinel said that San Francisco expects to earn $54 million in 2007 from parking meter revenue. What's more, a group of auditors reported that this number represents only 42% of the potential earnings. Why the huge gap between projected and potential earnings? That question is best answered by savvy VARs, systems integrators, and ISVs (independent software vendors) like T2 Systems, Inc. Not only does T2 make its livelihood from helping parking operations earn closer to their potential revenue, it's projecting to increase its own sales revenue 30% this year in the process.