PE-backed Digital Payment Technologies bought by parking specialist T2 Systems
Digital Payment Technologies Corp, a Burnaby, B.C.-based provider of multi-space pay stations and cloud-based enterprise software for the parking industry, is to be acquired by T2 Systems Inc, a technology-focused parking systems specialist with headquarters in Indianapolis, Indiana. The transaction, the full value of which was not disclosed, is expected to be completed in the first quarter of 2014. Digital Payment Technologies is a portfolio company of C.A. Bancorp (TSX: BKP), a Toronto-based merchant bank and alternative assets manager. Last year, C.A. Bancorp was bought by CDJ Global Catalyst LLC.
6 January 2014•3 mins read
