TEZ Technology

What TEZ Technology does

TEZ Technology is a Plano, Texas-based software company that develops cloud-based, app-free mobile solutions for the parking and mobility industry. Founded in 2011 and operating as Tez Technology, LLC, the company offers an integrated suite of five core products—SMS Valet (ticketless valet operations), TEZPARK (mobile self-parking payments), TEZLENZ (business intelligence), PERMIT2PARK (monthly permit management), and LOTMONITOR (self-pay lot management)—built on a shared architecture that uses SMS/text messaging, QR codes, and mobile web interfaces to eliminate the need for app downloads, paper tickets, or cash handling. The platform integrates with hotel PMS systems (Infor, Opera) for overnight reporting, with PARCS infrastructure via PARCS API 2.0, and with FlightAware for airport-specific vehicle retrieval, while TEZLENZ provides a unified analytics layer with bundled dashboards and predictive insights across all products.

The company serves nine core verticals—airports, casinos, hospitals, hospitality, hotels, parking operators, residential developers, retail, and universities—and runs a sales-led go-to-market motion with five regional sales territories (Midwest, Southeast, West, Florida, Texas), inside sales for mid-market, and a self-service consultation/quote pipeline. TEZ's revenue model combines subscription SaaS fees starting at $75 per month, hardware sales (Android devices, printers, credit card readers), professional services for implementation and training, and usage-based overage charges, including a pay-as-you-use option for LOTMONITOR. Pricing and packages are customized based on operational needs, with TEZLENZ included at no extra charge.

TEZ is a privately held, founder-led company with no publicly disclosed funding, valuation, or revenue. Ken Lovegreen serves as Founder, Vice Chairman, and CIO; Mike Simmons is CEO; the executive team includes CFO Jim Zaloudek, COO Maggie Vercoe, CRO JG Biebighauser, and EVP of Product and Technology Russell Wiant. Recent strategic activity—including the 2024 IPMI Lifetime Achievement Award to the CEO, the September 2024 rebrand of TEXT2PARK to TEZPARK, the February 2025 partnership with The Uptown Agency, and leadership expansion through July 2025—signals sustained investment in product, GTM, and customer engagement. The company is primarily North America-focused with regional offices in Texas (HQ), Maryland, California, and Florida.

Name

TEZ Technology

Legal name

Tez Technology, LLC

Website

https://teztechnology.com

Company type

Private

Founded year

2011

Operating status

Operating

Headcount range

11–50 employees

Short description

TEZ Technology is a Plano, Texas-based software company that develops cloud-based, app-free mobile parking management solutions—including ticketless valet, self-park payments, BI, and permits—for airports, casinos, hospitals, hotels, universities, and parking operators across North America.

Ownership category

akta.pro rank

Headquarters

HQ city

Plano

HQ country

United States

HQ region

North America

Offices5 records

Markets served

GTM type

B2B

Offering type

Software

Cost components

Personnel, Technology or R&D, Marketing or Sales, Operations, Infrastructure, Supply Chain

Revenue model

1. Subscription SaaS Fees: Monthly subscription fees for cloud-based parking management software. Pricing starts as low as $75 per month with all packages customized based on operational needs. TEZLENZ is included with all solution packages.
2. Hardware and Equipment: Hardware and devices including Android devices, cases, power supplies, tag sets, printers, credit card readers, and other equipment required for service delivery. Costs may include setup fees, training fees, and shipping charges.
3. Professional Services: Implementation, training, and onboarding services. Onsite travel may incur additional costs. Time and materials charging for change requests.
4. Transaction/Usage Fees: Overage charges for usage beyond contracted plan limits. LOTMONITOR offers pay-as-you-use pricing with no monthly minimum.

Pricing tiers

Go-to-market motion2 records

Distribution channels4 records

Marketing channels9 records

Core offering

TEZ Technology is a software development company that builds cloud-based, app-free mobile parking management solutions for the parking and mobility industry. Its product suite includes ticketless valet operations (SMS Valet), mobile self-parking payments (TEZPARK), monthly permit management (PERMIT2PARK), self-pay lot management (LOTMONITOR), and a business intelligence analytics platform (TEZLENZ), all designed to enable contactless, text-message-driven guest experiences for parking operators across multiple verticals.

Product overview

TEZ Technology offers a unified platform of five integrated, app-free parking management solutions designed for the modern parking industry. The core portfolio includes SMS Valet (ticketless valet operations), TEZPARK (mobile self-parking payments), TEZLENZ (business intelligence and analytics), PERMIT2PARK (monthly permit management), and LOTMONITOR (self-pay lot management). All solutions share a common architecture: app-free, contactless, text-based interactions that eliminate the need for downloads or accounts. TEZLENZ serves as the data and analytics layer across all products, providing unified insights. The VIP Parker App extends the valet experience for frequent users. Solutions target diverse verticals including airports, casinos, hospitals, hospitality, hotels, residential, retail, and universities.

Differentiator

Problem solved

Functional benefit

Brands

• SMS Valet: World's first ticketless valet parking solution allowing guests to check in, pay, and request their vehicles via text message.
• TEZPARK
• TEZLENZ
• PERMIT2PARK
• Lot Monitor

Products and services

• SMS Valet The world's first ticketless valet parking solution that enables guests to check in, pay, and request their vehicles via text message without requiring app downloads. Eliminates paper tickets, reduces fraudulent damage claims, and creates a faster customer experience. Targets valet operations across airports, hotels, casinos, and hospitals.
• TEZPARK App-free mobile parking payment solution that allows guests to text a P-code to 44989 and pay via secure web browser. Provides lot owners with real-time data, enforcement tools, and coupon/validation functionality for frictionless self-parking without apps or paper tickets.
• TEZLENZ Business Intelligence (BI) reporting and analytics platform that transforms raw parking data into actionable insights through intuitive dashboards, predictive analytics, and operational/accounting reports. Included with all solution packages. Enables operators to organize data, analyze trends and KPIs, and make data-driven strategic decisions.
• PERMIT2PARK Monthly parking permit management solution that automates sales, guest access, inventory tracking, and billing. Enables lot managers to streamline operations with self-registration, online payments, automated billing, and real-time reporting for monthly parking operations.
• LOTMONITOR Self-pay lot management solution that helps teams run manned parking lots through virtual ticketing, real-time vehicle tracking, and revenue monitoring. Employees tap 'In' and 'Out' to manage occupancy while processing credit card payments via Bluetooth swiper. Available on a pay-as-you-use basis with no monthly minimum.

Named customers2 records

Segments9 records

Ideal customer profiles2 records

Technology focussed Yes

API detail

Has API

Yes

API docs

API detail

Core technology

AI maturity

App detail

Integration3 records

AI capability6 records

Feature9 records

Partnerships

One partnership is on record.

• The Uptown AgencycoreGTM or Marketing Partner · 4 February 2025Strategic partnership with The Uptown Agency, a leader in brand development, digital marketing and strategic communications, to drive brand growth and market presence. The agency announced the partnership in February 2025 to support TEZ's continued growth and innovation initiatives.

Scale indicators5 records

Recent moves7 records

Expansion highlights5 records

Direct peers

• TIBA Parking Systems: TIBA offers PARCS, valet management, and parking access software for operators, hotels, and airports. It is comparable to TEZ's SMS Valet and PARCS API integration, addressing overlapping enterprise parking operations.
• ParkMobile: ParkMobile provides mobile parking payment apps and enterprise parking solutions across the U.S. It is the closest direct competitor to TEZPARK and SMS Valet, operating in the same mobile-payment parking SaaS category with similar enterprise and operator customer base.
• Passport Labs: Passport offers a mobile payment and parking management platform for cities, universities, airports, and private operators. It directly overlaps with TEZ's mobile parking payments, permits, and enforcement across the same public-sector and operator verticals.
• T2 Systems: T2 Systems provides parking management software and PARCS for universities, airports, hospitals, hotels, and operators. It directly competes with TEZ's PERMIT2PARK, LOTMONITOR, and analytics offerings across the same enterprise verticals.
• PayByPhone: PayByPhone is a global mobile parking payment service used by municipalities and operators. It is a direct competitor to TEZPARK's core SMS/mobile-pay flow and targets a similar operator and municipal customer base.

Broad incumbents

• Flowbird (formerly Parkeon): Flowbird is a global incumbent in parking meters, pay-and-display, and integrated mobility platforms. It competes broadly with TEZ in mobile parking payments and operator software, with a much larger geographic and product footprint.
• IPS Group: IPS Group provides smart parking meters, sensors, and management software for municipalities and operators. It is a broader incumbent serving overlapping parking-payment and management use cases with a hardware-plus-software model.

Emerging players

• ParkHub: ParkHub offers mobile payment, reservations, and event parking management for venues and operators. It is comparable to TEZ's SMS-based valet and event-parking use cases, especially in sports, entertainment, and high-traffic venues.
• Arrive (formerly Parker): Arrive provides a mobile parking and curbside management platform for cities and operators. It overlaps with TEZ on digital parking payments and analytics, and serves similar operator and municipal customers.
• SpotHero: SpotHero operates a parking reservation and marketplace platform for drivers, with enterprise partnerships. It overlaps with TEZ on digital parking payments but is more consumer/marketplace-led rather than operator software.

Market position

Strengths5 records

Competitive moat4 records

Key risks6 records

Key highlights7 records

Customer concentration

• Xtwitter.com/SMSValet
• YouTubeyoutube.com/@teztechnology
• LinkedInlinkedin.com/company/contactless-software-by-tez
• Instagraminstagram.com/tez.technology

Compliance2 records

Revenue estimate

Valuation estimate

Number of profiles

Profiles10 records

Funding overview

Funding rounds

Investors

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A

Investments

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about TEZ Technology